We spend a big percentage of our adult lives working. Most of us don’t want to spend our golden years doing the same thing. We want the freedom to relax, the freedom to travel, or the freedom to pursue dreams we never had time for before. Here are five very good reasons why you should consider retirement, maybe even early retirement.
Embracing life more fully
Retiring is not about withdrawing from your life; it is about having the time to do more with your life than ever before. Retirees can pursue hobbies, make new friends, travel to new places and generally get all the joy possible out of life. This is perhaps the very best reason to retire.
It’s a better bargain
Working 9-5 every day until forced retirement may seem like a good plan to some people as it allows them to save more money for their eventual retirement. However, the other side of that coin is that they are giving away more of their time to work than is necessary. Make the best use of your years!
Retirement is more financially sound than people think
Many people worry too much about whether or not they will have enough money to live on if they retire. However, a smart retirement plan, one built upon multiple types of investments and paid into over many years, is not difficult to create and it can easily sustain you after you retire.
Retirees often find themselves with more time on their hands than they know what to do with. This can lead to emotional problems but also provides many opportunities. Younger people, be they family, friends or strangers, can benefit from everything you’ve learned in your life. Retirees can improve the lives of those around them by acting as mentors.
One of the biggest crisis that happens to people after they retire often takes a year or more to set in. Eventually, they start to have an identity crisis, wondering who they are without their work. The best thing to do when this happens is to “retire forward.” This means finding a new purpose, a cause, a way you can contribute to the world.