8 Things to Look Forward to in Retirement - RITA (2024)

It’s no secret that many people want to break free from their rigid 8-5 schedule. Retirement is something that people look forward to for years, but the stress of planning can cloud all of the good things ahead. Once the thought of crunching numbers no longer haunts your dreams, these are some opportunities that will be on the other side waiting for you. Retirement is a great accomplishment and deserves to be looked forward to. We compiled a list of eight activities to get you pumped up for new beginnings ahead.

1. Moving

If you have spent years in extreme cold or heat, now is your time to make that move to the city of your dreams finally. Moving can also mean downsizing but staying in your local town or moving to the style of house you have always wanted. With no attachments to a job location, the possibilities are endless. Retirees often move to be closer to loved ones, but if you decide moving across the globe is one of your dreams, now is the best time to pursue it!

2. Spending Time With Family

Family is such an integral part of someone’s life, and having a job can get in the way of building relationships and staying connected. Work takes up a lot of your time and causes exhaustion that interferes with your energy levels. With extra free time, you can help loved ones raise their children, go to family dinners, and carry on those traditions that make your family close. Now that you are finally retired, spending time with your family can become your top priority again.

3. Ignoring Your Alarm Clock

Throw that alarm clock away; you won’t need it (unless catching an early flight because you spend your newfound time traveling). After years of waking up and going to bed at a specific time, it is now time to create your schedule. Put that alarm on silent in retirement to make up for those lost years of sleep. Sleep is healing to the body, and you deserve some rest after your years of hard work.

4. Volunteering

Helping others in retirement is a rewarding way to show your appreciation for the local community and its people. Suppose you are looking to make a lasting impact on the world, and volunteer for a cause you support in retirement, whether local or global. Following your passion is an essential aspect of giving back, as it is a way to sharpen your skills and feel good about making a difference.

5. Traveling

Most baby boomers say spending time with family is their most desired retirement activity. However, Gen Z and Millenials say that traveling is their most anticipated retirement activity. No matter the generation, it’s evident that traveling will be on your mind during your retirement years, whether that be on a local family vacation or traveling abroad. We believe traveling is one of the most fun and rewarding ways to spend your hard-earned cash.

6. Socializing

Socialization is fundamental in retirement. Going from a very active lifestyle to a sedentary one can feel tedious. That is why meeting up with friends is stimulating to look forward to in retirement. Now is the time to meet up for coffee at 10 am (the same time you usually would have been taking trips to the water cooler at the office to stay awake) and spend the day with an old friend. Socialize by reconnecting relationships you may not have nurtured as much as you should because of your busy work schedule.

7. Learning New Things

Trying new hobbies is a must for retirement. Trying new things before retirement may seem like a chore because of your lack of free time. In retirement, you have endless free time to get creative with how you spend your days and nights. Some activities to dabble in could be joining new classes at a gym, painting, baking, or instrument playing. The possibilities are endless when it comes to learning new things in retirement!

8. Planning How to Spend Free Time

Statistics show that people from different regions of the US plan to spend their retirement time differently. People from the northeast plan to live in a retirement community, the south plans to purchase a boat, the midwest intends to own a pet, and the west plans to get a part-time job. This is your time to figure out what you want to do with your new life, no matter where you live. Yes, this includes more planning on top of the financial aspect of retirement, but the payoff will be even more significant when you have a set plan for your future.

Who would have thought that something as simple as “relaxing” would be a luxury in today’s world? This list is simple, but they are all necessary aspects of retirement planning. After years of working- taking naps, watching tv, and simply taking life one step at a time feels refreshing. Work takes up a lot of time, and looking forward to these fun activities in retirement helps one get through long nights in the office. To find more opportunities and enhance the flexibility of your retirement plan, you can count on RITA.

8 Things to Look Forward to in Retirement - RITA (2024)

FAQs

8 Things to Look Forward to in Retirement - RITA? ›

Less stressful lifestyle

After a life of long hours and early starts, the peace and calm of retirement life will come as a huge relief! As well as freeing your mind to focus on more relaxing hobbies, you'll also have more time to focus on managing your health and keeping active.

What am I looking forward to in retirement? ›

Less stressful lifestyle

After a life of long hours and early starts, the peace and calm of retirement life will come as a huge relief! As well as freeing your mind to focus on more relaxing hobbies, you'll also have more time to focus on managing your health and keeping active.

What are things to consider when retiring? ›

6 Things to Do If You're Nearing Retirement
  • #1: Find out where you stand.
  • #2: Boost your savings, if you need to.
  • #3: Plan ahead for Social Security.
  • #4: Consider tax-smart strategies now.
  • #5: Get a head start on future health care costs.
  • #6: Start thinking about retirement income.

What is a good monthly retirement income for a couple? ›

For retired couples who are both receiving benefits, the average monthly income from Social Security is now $2,753. Common advice for couples is to have about 7.5x their yearly income saved for retirement.

What are at least three activities that would be considered part of retirement preparation? ›

Saving Matters!
  • Start saving, keep saving, and stick to.
  • Know your retirement needs. ...
  • Contribute to your employer's retirement.
  • Learn about your employer's pension plan. ...
  • Consider basic investment principles. ...
  • Don't touch your retirement savings. ...
  • Ask your employer to start a plan. ...
  • Put money into an Individual Retirement.

What should I be looking forward to? ›

Consider going for a hike, visiting a museum, watching your favorite movie, cooking a new recipe or making time for your hobbies. Choose something that brings you joy or makes you feel energized. You'll be happy you did.

What I am looking forward to examples? ›

Look forward to
  • I'm looking forward to the holidays.
  • We're looking forward to going to Switzerland next month.
  • We're looking forward to him arriving next week.
  • I look forward to your reply.
  • I look forward to hearing from you soon.
  • We look forward to receiving payment for the services detailed above.

What is the 3 rule in retirement? ›

The 3% rule in retirement says you can withdraw 3% of your retirement savings a year and avoid running out of money. Historically, retirement planners recommended withdrawing 4% per year (the 4% rule). However, 3% is now considered a better target due to inflation, lower portfolio yields, and longer lifespans.

What's a good age to retire? ›

67-70 – During this age range, your Social Security benefit, if you haven't already taken it, will increase by 8% for each year you delay taking it until you turn 70. So, if your benefit will be, say, $2,500/month if you start at your full retirement age, it would be more than $3,300/month if you can wait.

At what age do you get 100% of your Social Security? ›

The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67. The chart on the next page lists the full retirement age by year of birth.

How much does the average retired person live on per month? ›

Retirement Income Varies Widely By State
StateAverage Retirement Income
California$34,737
Colorado$32,379
Connecticut$32,052
Delaware$31,283
47 more rows
Oct 30, 2023

Is $10,000 a month a good retirement income? ›

In a world in which the average monthly Social Security benefit is just over $1,792, it may seem like a pipe dream to live off $10,000 per month in retirement. But the truth is that with some preparation, dedication and resolve, many Americans can reach this impressive level of retirement income.

What is the average Social Security check? ›

Social Security offers a monthly benefit check to many kinds of recipients. As of May 2024, the average check is $1,778.24, according to the Social Security Administration – but that amount can differ drastically depending on the type of recipient. In fact, retirees typically make more than the overall average.

What is the $1000 a month rule for retirement? ›

One example is the $1,000/month rule. Created by Wes Moss, a Certified Financial Planner, this strategy helps individuals visualize how much savings they should have in retirement. According to Moss, you should plan to have $240,000 saved for every $1,000 of disposable income in retirement.

What are the 3 R's of retirement? ›

Three R's for a Fulfilling RetirementRediscover, Relearn, Relive. When we think of the word 'retirement', images of relaxed beachside living or perhaps a peaceful cottage home might come to mind.

What is the first thing to do when you retire? ›

Things to do in retirement – 25 ideas to inspire you
  • #1 Declutter your home. ...
  • #2 Explore your local area. ...
  • #3 Become a tour guide. ...
  • #4 Work for wildlife.
  • #5 Research your family tree. ...
  • #6 Dress the part. ...
  • #7 Get musical. ...
  • #8 Learn to dance.
Feb 21, 2024

What should I look for in a retirement account? ›

Ideally, you'll choose a mix of stocks, bonds, and cash investments that will work together to generate a steady stream of retirement income and future growth—all while helping to preserve your money.

How do I figure out what I want to do after retirement? ›

To get inspired, here's a list of 25 things to do when you retire:
  1. Make a bucket list.
  2. Focus on well-being.
  3. Get financially savvy.
  4. Establish a routine.
  5. Care for a pet.
  6. Stay social.
  7. Be proactive about health.
  8. Explore the world.

How do I find my sense of purpose in retirement? ›

Stay socially engaged — Participate in activities that bring you joy. Start a lunch group with friends. Join a card club. Volunteering for a cause you care about also helps expand your social circle and can help give meaning to your retirement.

What are some quotes about looking forward to retirement? ›

Inspirational Retirement Quotes
  • "Often when you think you're at the end of something, you're at the beginning of something else." —Fred Rogers.
  • "Retirement is not the end of the road. ...
  • "There is a whole new kind of life ahead, full of experiences just waiting to happen.
Apr 25, 2024

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