Retiring Soon? Here are the 5 things you should do first

A recent article on Grandparents.com entitled “Retiring Soon?  Here are the 5 things you should do first” was written by Kristen Sturt and featured advice by Cheryl Sherrard.  Cheryl’s advice included the following;

Start tracking your new daily expenses

Now that you’re not working, your daily expenditures will change, possibly drastically. “I tell new retirees that it can take a year or two to adjust to retirement and really know what you will spend on average,” says Cheryl Sherrard of Clearview Wealth Management in Charlotte, NC, “and you need to know what your retirement income can support, even in bad market years.”

Fill your calendar with meaningful activities

Why did you retire? Now is the time to discover the real reason. “Find your passion,” urges Sherrard. “I’ve seen too many individuals retire ‘from’ something and not ‘to’ something. While it takes everyone time to get used to retirement, you have to find a reason to get up in the morning, whether it is volunteering, gardening, finding a part-time gig, etc.”
Making concrete plans. “Many are surprised that their goal of golfing in retirement still leaves significant empty space on the calendar,” says Sherrard. “I encourage people to consider an exercise where they [fill in] a blank weekly calendar, hour by hour.” Seeing that schedule gives you a realistic view of your commitments, provides specific events to look forward to, and prevents aimlessness.
To read the entire article, click here.