Congratulations to you if you are starting your golden years. The world has gotten safer for most people to enjoy living a long life, but not everyone gets to do it. Just being alive this long is an accomplishment, and you deserve to enjoy it. As with any stage of life, there are several things to think about as you begin your golden years.
Keeping the Money Flowing
Your days of generating income through work might be over, but you still need to keep money coming in. Social Security might cover a little, but you should also look into things like dividend stocks and annuities to turn your nest egg into steady income that lasts as long as you need it to, and even give something to your kids when it’s time.
Maintaining Your Physical Health
Getting older might mean losing a step and being a little slower. However, there is also experience and wisdom. Eat right, stay hydrated, and keep seeing your doctors and dentist. Yoga, Tai Chi, strength training, and walking or swimming can keep you in great shape long into life. Functional fitness maintains a high quality of life.
Keeping Your Health Insurance
Most people who have gotten to retirement age are eligible for Medicare if they contributed to it or Social Security during their working years. Having affordable health insurance is crucial in a stage of life where you will use it more than most others. However, it doesn’t cover everything. Medicare supplement plans can make up the difference. For instance, plans such as those offered by Silver American may be a great option for you to help keep the coverage that is most suitable for you.
What Do You Want to Do?
While caring for your physical and financial needs is always of paramount importance, the biggest thing should be enjoying life. Who do you want to spend time with? Where would you like to go? What do you want to do with your free time? Purpose and joy should be the point of every single day right now.
Getting to start your golden years is an occasion to celebrate all its own, but you should also be able to truly cherish this time in life every single day. As you begin this chapter of life, be sure you keep your money flowing, maintain both your physical health and medical insurance, and keep your eye on what you would like to do right now. Taking these steps can make these years actually golden in spirit and not just name.