On this episode of A Wiser Retirement Podcast, Casey Smith, Matthews Barnett, CFP®, ChFC®, CLU®, and Brad Lyons, CFP® talk about ways to stay active during your retirement. In times where the market has entered bear market territory, it is important to keep our focus on your health and stay away from the news. They also talk about prices rising, interest rate changes and what the effects of it could be.
One of the problems dealt with during retirement is boredom. Some people miss their work routine and the people they were surrounded with. It is easy to think there is nothing left to do. During this time, it’s important to engage our minds in various activities to combat boredom, such as crossword puzzles, reading a book, or listening to a podcast. Allow your mind to be active and fully-functioning.
The best way to engage our minds is by continuously learning. Educating ourselves is important for brain health as we age, because it can improve your mental performance. There are lots of ways to look at learning and utilize those new skills. Learn more about the things you have always enjoyed and push yourself outside of your comfort zone. If you just retired and are not sure where to begin your pursuit of learning, consider these approaches: discover a new hobby or activity like golf, music, or cooking.
Your health needs to be your top priority. Exercising is a fantastic way to stay active during retirement. Now that you have more time, it is time to develop an exercise routine that works for you. You don’t need extreme exercises to achieve your health goals. You can keep those exercises as simple as possible by taking daily walks.
At 65, you can get discount select gyms through your Medicare policy. Most gyms have workout groups you can be a part of. Joining these programs is another great way to facilitate community while also enriching your physical body.
Remember those stories you heard throughout your childhood and the impact it had in your life? Now it's your turn to be the storyteller. The greatest gift you have is your experience. There are so many experiences and lives we touched through that can be passed on from generation to generation. Be an active storyteller to your family, those you mentor, and your overall community.
Once you retire you have a little extra time in your hands. One of the biggest joys of retirement is giving back to those communities who have poured into you and your family. The best way to do this is to volunteer at your local nonprofits, programs, and other outreach events. Volunteering is a great way to stay active during retirement. Find an organization that speaks to you and your passions, and then offer available time to give.
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01:10 Prices Rising
04:50 What happens in a Bear Market?
07:24 Staying Active in Retirement
15:40 Be Active in Engaging Your Mind
16:36 Be an Active Learner
20:06 Be Active in Your Health
21:07 Be an Active Storyteller
27:00 Be Active in Your Community
Learn more about Brad Lyons.
Learn more about Matthews Barnett.