Kimberly Roberts

6 Key Things to Consider As You Approach Retirement

Explore six critical considerations for a smooth transition into retirement, including financial planning, healthcare, and lifestyle adjustments.

6 Key Things to Consider As You Approach Retirement

Standing on the brink of retirement is not only an exciting time full of new opportunities, but also one that requires thoughtful planning and consideration. As you prepare to step into this new chapter, there are several key factors to consider to ensure a smooth, and fulfilling, transition.  Here are the essentials you should focus on in order to set yourself up for success:

1. Financial Preparedness

Before you retire, it's important to have a solid financial plan in place. This means understanding your retirement income sources, such as pensions, savings, investments, and any government benefits you may be eligible for. A financial advisor can help you create a budget that accounts for any expected lifestyle change to ensure that your finances are structured to support your future plans.

2. Healthcare Planning

Healthcare needs often increase as we age, so it's important to have a comprehensive healthcare plan. Look into your options for medical insurance, including Medicare or private insurance, and consider additional coverage for long-term care. Planning for healthcare expenses now can prevent unexpected costs from impacting your retirement savings.

3. Lifestyle Adjustments

Retirement is a great opportunity to reflect on how you want to spend your time. Consider the hobbies, interests, and activities that you'd like to pursue. Whether it’s travel, volunteering, or taking up new hobbies, think about how you'll structure your days to find fulfillment and purpose.

4. Social Connections

Maintaining social connections is key to a happy and healthy retirement. Think about how you will stay connected with friends, family, and the community. Joining clubs, groups, or volunteering can be great ways to meet new people who share similar interests.

5. Living Arrangements

Consider your living arrangements and whether they will meet your needs as you age. Some people choose to downsize, move closer to family, or relocate to retirement communities. Think about the practical aspects, such as maintenance, accessibility, and proximity to healthcare facilities.

6. Estate Planning

Ensure your estate plans are up to date, including your will, power of attorney, and any healthcare directives. This planning is crucial for protecting your assets and ensuring your wishes are carried out.

Evergold: Enriching Your Retirement

As you embark on the journey towards retirement, it's crucial to have a robust plan that not only secures your finances but also your health and well-being for the years ahead. That’s where Evergold comes into play, offering a unique and holistic approach to retirement planning designed to support every aspect of this journey.

Evergold’s Life Plan at Home Program is a lifelong membership focused on keeping you healthy and independent at home through wellness management, care coordination, and financial coverage. Choosing Evergold means embracing a future where every dimension of your retirement is thoughtfully addressed, from financial stability and health care planning to personal fulfillment and active living.

Let Evergold be your ally in retirement planning, and take the first step towards a secure, healthy, and vibrant future. Fill out the form below to get started or give us a call at 614-324-8792 to speak to one of our advisors and learn if Evergold is right for you.

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