Retirement can be anything you want it to be – boring, exciting, fulling. If you’re about to retire or have already retired and you haven’t already booked your next year with Honey-do’s, travel plans or favorite things, you may be wondering, what now? What am I supposed to do with all my time?   You’ve come to the right place. 

When you first retire, you may feel a little lost for the first few days or weeks, but don’t worry, that’s normal.  You’ve just stopped a daily routine that you have been doing for decades, so your body and mind will need time to adjust to the fact that you can now sleep in and do whatever you want. So, what is it you want to do? Do you have a list of Honey-dos from your spouse, projects you’ve been putting off, places you’ve wanted to visit, or hobbies you wanted to enjoy?  Well, now’s the time to dive in and start marking those things off your list, but be cautious along the way.  Remember, you are now on a fixed income, so let’s talk about some things you can do in retirement and still be financially smart. 

  1. Travel – make a list of all the places you’ve wanted to visit. Research the destinations peak and lowest tourist times.  Book your travel plans in the lowest tourist times to free yourself of the higher prices of travel and larger crowds.  
  2. Projects – take your Honey-do list and start mapping out the best way to attack it.  Make a list of all the materials needed and research material providers for the best prices. Take courses at the local hardware store and watch YouTube videos to learn new skills, so you can do the work yourself or assist a friend who already knows how to do it. 
  3. Hobbies – start doing the hobby that makes you happy frequently. Be bold in trying something new by taking up a new hobby or learning a new language. There are many classes available that will allow you to explore new areas. Many are free, while others are inexpensive. Some are online, while others are in person. You can check your local schools and colleges for their continuing education programs. 
  4. Volunteer – reach out to the cause or non-profit that is meaningful to you and see how you can be of service.  Be a mentor to those of younger generations around you. You can find programs through local schools, churches, and other organizations. 
  5. Faith – take this time to find faith or go deeper into your faith to learn and grow. You can finally attend the meetings, services and small groups that may meet during regular business hours now that you are retired.  It has been shown that people who practice faith are more satisfied and content with their life.  
  6. Wellness – take care of yourself. Exercise more, now that you have the time. Take up a class or start a workout program at home. Try new and delicious recipes to keep your body and mind healthy. Have a check-up with your doctor, then maintain them over the years ahead.  

These are only a few things that you can do in retirement. Your retirement vision is only limited by your imagination.  The financial aspects can be planned and groomed to help you achieve your retirement dreams.  Contact us today to book an appointment with one of our Lockheed Martin Retirement Specialists for a complimentary consultation to discuss your personal situation! 

For more tips like these, click here to sign up for our weekly email blog newsletter. If you would like to get better educated on Lockheed retirement strategies, click here to download our Free Report titled Retire with Confidence: The Top 4 Things You Can Do Now to Maximize your Lockheed Retirement. And, if you want to have face time with a Lockheed Retirement Specialist², you can click here to schedule an appointmentclick here to sign up for our Lockheed Retirement Workshop or click here to just give us a call (817) 210-3444.

Be sure and check back next week for more incredibly valuable information. Cheers!

Disclosures*

Financial Planning and Investment Advisory offered by SWMG, LLC a Registered Investment Advisor.

Lockheed Martin Retirement Specialist is not an official title or professional designation nor is it conferred by Lockheed Martin on any individual or company.

Our Complementary consultation and free report are for informational purposes only and provided free without any obligation to utilize or retain our investment advisory services.

SMWG, LLC is not affiliated with or endorsed by Lockheed Martin Corporation. Our expertise comes from working with LMT employees for several years and helping them to retire with confidence.

Investing involves the risk of loss, including loss of principal. Past performance does not guarantee future results. Investment products are not FDIC insured, have no bank guarantee, and may gain or lose value. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable for a client’s investment portfolio.

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