Retirement is a new phase in your life. For the first time in years, you don’t have to think about going to work. There’s no need to wake up early or go home late. You have one less burden. It might feel different, but it feels great. You can finally take a break and enjoy your life.
Travel the world
The first thing that you need to do is to travel the world and pursue the plans you cancelled before. You now have enough time to enjoy the trip since there’s no work to consider. You can even stay in other countries for as long as you want.
It might promote laziness, but who cares? You finally have free time on your hands, so you’re not responsible for anything. Everything that you had to do in the past is already under someone else’s care. Therefore, if you don’t feel like doing anything for the day, you can stay in bed. Of course, you shouldn’t do it all the time.
Pursue a hobby
Do you remember when you wished to pursue a hobby, but you always had to suspend it? You considered how much money you had, and you couldn’t afford such a luxury. You also didn’t have enough time since you were too busy with work. Now, you can do whatever hobby you want. You can even drop it and take up another one if you don’t find it interesting.
Visit your relatives
You didn’t see several relatives for years because of how busy you were. You might even have nieces or grandkids who are adults now. It’s painful not to see them growing up, but it’s not too late. You can still plan a trip now and meet the people you love.
A few bumps in the road
Perhaps, the biggest problem you could face is money. You have time to do what makes you happy, but your income isn’t enough. You’re not earning the same amount as before. You have to learn how to get by with your retirement plan or other investments (if any).
The good thing is you can obtain loans such as equity release. With this loan, there’s no need to think about repayment. You will use your property’s current value to get the loan. When you die, the creditor will sell the property and use the amount to pay off the loan. You don’t need to leave your house any time soon.
With this loan, you’re free to enjoy all the activities you had in mind. Consider asking equity release advisers first to be sure that this loan is right for you. You might find loans with cheaper interest rates and no collateral required. The problem is that given your age, you might find it challenging to get those loans.
You deserve a break and to enjoy whatever life can offer while you still can. Once you get older, you won’t have the same chance.