5 Top Tips to Enjoy a Fulfilling Retirement with Your Partner

enjoy a fulfilling retirement with your partner

As your working life draws to a close, it can feel like you’re reaching the end of the road. However, with the advances in modern science and medicine, retired couples are now living longer than ever, enjoying the unprecedented ability to live life to the fullest well into their later years, and finally being able to tick off their bucketlist. With that in mind, it is important to make sure that you and your partner are living the most fulfilling lives possible. Here are some top tips to help you get the most of your golden years.

~ Write down your ideal lifestyles ~

It can help if you and your partner write down specifically what you both want to get out of your retirement. Whether it’s travelling the world, living in a hot climate, or simply spending your days golfing, clearly identifying what you want can help you both to work towards achieving that goal. With clear targets in mind, the route to financing your retirement will become much more obvious.

~ Work out how much you need ~

Once you have specified your goals, you and your partner can then begin to plan how much you will need to achieve these goals. This can help you both to identify what you want to spend money on, and how you can cut your costs. For example, if the kids have all moved out, perhaps downsizing your home could be an effective way to free up extra money to help you achieve your dream retirement.

~ Structure your assets ~

After working out how much you need, you and your partner can now identify how to maximise the returns on your current assets. Once you set aside enough funds to chase your retirement goals, you can both invest in specific retirement schemes to ensure that you continue to live a long and fruitful life well into the future.

~ Review your investment portfolio ~

Many people will have already been planning for retirement in their youth, and as such will have pre-existing investment portfolios. Once you reach your retirement, perhaps there are other schemes available to you and your partner that would be a more suitable use of your nest egg. Reviewing your existing investments will allow you to see if you are making the most of your money, and thus if you can do anything to improve your situation.

Speak to a professional

Lastly, when it comes to making the most of your golden years, it is always beneficial to speak to a professional who can help guide you along the way. There are many dedicated companies that can help you and your partner to create a retirement plan that fits just right for you both. It’s a great way to avoid any confusion or missteps, and dedicated professionals will also know the best people to talk to if, for example, you wish to downsize your living arrangements.

 

Click below to download your free guide: Inspiration to make the most out of your retirement...

Inspiration to make the most out of you retirement

 

Further reading...

3 Reasons Why You Should Discuss Your Retirement Plans With Your Children
Why Downsizing Can Provide You With The Freedom You Need After Retirement

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