Page 60 - Workbook3E

Be Prepared
What if you need to care for an aging parent or help a younger sibling financially? You never know how family bonds may change your financial situation. This may have an impact on your retirement plans. Assuming new roles in the middle of retirement isn’t unusual and needs to be considered.
Consider the following:
• Retirement plans need to include preparations for what you will do if unexpected circumstances arise, such as a less fortunate family member who needs your help.
• Think about relationships with your parents, siblings, and children. Could you help them financially? To what degree? Don’t over-extend yourself.
• Be realistic and strengthen family ties. Then the burden of helping family members can be shared by all.
• Plan how you can balance your own needs with those of others within your family.
Always Think Young
Youth is not a time of life—it is a state of
mind.”
~ Anonymous
56 Workbook 3: Prepare for the Future
You’re only as young as you think you are. Retirement can provide you with many opportunities to interact with young children and teenagers. You may find your younger friends love to hear your stories or learn a new skill from you. And you certainly have stories to tell and skills to teach.
Stay Active
Volunteering in schools, recreational activities, or assisting organized youth groups, helps you keep a young perspective during your retirement. Have you been hiking in the mountains lately? Often, you’ll see groups of hikers ranging from twenty to 60+ years! Staying fit and active will keep your mind and body healthy and happy.
Thinking young and staying active may be your key to enjoying retirement!