{"id":282,"date":"2019-11-19T15:10:23","date_gmt":"2019-11-19T15:10:23","guid":{"rendered":"http:\/\/ladintax.com\/blog\/2019\/11\/19\/learn-how-to-chill-in-retirement\/"},"modified":"2019-11-19T15:10:23","modified_gmt":"2019-11-19T15:10:23","slug":"learn-how-to-chill-in-retirement","status":"publish","type":"post","link":"http:\/\/ladintax.com\/blog\/2019\/11\/19\/learn-how-to-chill-in-retirement\/","title":{"rendered":"Learn How to Chill in Retirement"},"content":{"rendered":"
\n

If you are retired or planning to
\nretire soon, you may still have some work to do.<\/p>\n

For example, it\u2019s smart to have a readily
\naccessible emergency savings fund that can pay for three to six months\u2019 worth
\nof living expenses, if necessary. You should also consider what insurance
\npolicies you may need to help pay for big-ticket items that may otherwise deplete
\nyour savings and retirement portfolio. These may include damage to your home, an
\nunexpected medical expense or long-term care. Please give us a call if you\u2019d
\nlike to learn what options are available.<\/p>\n

Retirement planning isn\u2019t just
\nabout saving enough money \u2014 it\u2019s about staying out of debt so your cost of
\nliving doesn\u2019t increase because you\u2019re paying high bills. There\u2019s a recent
\ntrend of older Americans retiring with a more substantial amount of debt. Some
\nof the causes include larger home mortgages, medical debt and overspending on credit
\ncards \u2014 exacerbated by late-payment penalties and higher interest rates.1<\/sup><\/p>\n

However, there\u2019s more to
\nretirement than being financially prepared. You need to be mentally and
\nemotionally prepared as well. One challenge is to learn how to relax. In the
\nNetherlands, they have a word to describe a growing trend among the Northern
\nEuropean population: niksen<\/em>. It means doing nothing; being completely
\nidle \u2014 staring out a window or listening to music \u2014 with no particular
\npurpose. It is the opposite of mindfulness, as your mind can wander wherever it
\nwants. The practice has been shown to promote creativity, problem solving and a
\nsense of happiness.2<\/sup> That\u2019s a good place to start in learning how to
\nchill in retirement.<\/p>\n

It helps, too, if you have goals,
\nof perhaps an expansive \u201cbucket list,\u201d to keep you occupied and have something
\nspecific you want to accomplish each day.<\/p>\n

If you do have specific goals for
\nretirement, it can be difficult to stay focused on them. If you\u2019re used to
\nworking a 40-hour week, you might have looked forward to having more free time
\nto get things done. However, many retirees can\u2019t figure out where the time
\ngoes. They get so bogged down in day-to-day chores they forget about working
\ntoward long-term goals. Researchers say one of the biggest detriments to
\ngetting things done is a lack of focus.3<\/sup> We check our emails but
\nthen get drawn into social media posts and news stories. We turn on the
\ntelevision, and suddenly half the day is gone. The way to promote focus is to
\nlimit, block and tune out other distractions. It can help to assign a particular
\ntime of day when you focus solely on your chosen task and let everything else
\nfall outside those designated hours.<\/p>\n

In her book, \u201cHow to Be an
\nEpicurean: The Ancient Art of Living Well,\u201d author Catherine Wilson explains
\nthat the Greek philosopher Epicurus believed that the greatest source of
\npleasure in life was close human relationships.4<\/sup> Therefore, if you
\ndon\u2019t have a material goal in mind, focus on establishing and maintaining key
\npersonal relationships in your life as a fulfilling way to spend your time in
\nretirement.<\/p>\n

If you find yourself preoccupied
\nwith the idea of your own mortality, some researchers suggest getting a dog. A
\nrecent study encompassing 4 million people worldwide discovered a correlation between
\ndog ownership and mortality. Specifically, dogs provided their owners with 24%
\nhigher protection against all types of causes of death. For example, people who
\nhad already experienced a heart attack or stroke were 31% less likely to die
\nfrom cardiovascular disease if they had a dog.5<\/sup><\/p>\n

Content prepared by Kara Stefan
\nCommunications.<\/em><\/strong><\/p>\n

1\u00a0 <\/sup>Annamaria
\nLusardi, Olivia S. Mitchell and Noemi Oggero. Global Financial Literacy
\nExcellence Center. June 8, 2019. \u201cDebt Close to Retirement and Its Implications
\nfor Retirement Well-being.\u201d Page 3. https:\/\/gflec.org\/wp-content\/uploads\/2019\/06\/Lusardi_Mitchell_Oggero-Working-Paper-6-8-19.pdf?x70028<\/a>. Accessed Oct. 9, 2019.<\/p>\n

2\u00a0 <\/sup>Sophia
\nGottfried. Time. July 12, 2019. \u201cNiksen Is the Dutch Lifestyle Concept of Doing
\nNothing \u2013 And You\u2019re About to See It Everywhere.\u201d https:\/\/time.com\/5622094\/what-is-niksen\/<\/a>. Accessed Oct. 9, 2019.<\/p>\n

3\u00a0 <\/sup>Nir
\nEyal. CNBC. Oct. 9, 2019. \u201cStanford psychology expert: This is the No. 1 work
\nskill of the future \u2013 but most fail to realize it.\u201d https:\/\/www.cnbc.com\/2019\/10\/09\/stanford-psychology-expert-most-important-work-skill-of-the-future.html?sf110405650=1<\/a>. Accessed Oct. 9, 2019.<\/p>\n

4\u00a0 <\/sup>Catherine
\nWilson. Thrive Global. Sept. 25, 2019. \u201cMeaningful Friends Are Essential for
\nYour Well-being \u2013 This Is Why.\u201d https:\/\/thriveglobal.com\/stories\/meaningful-friends-essential-for-well-being\/<\/a>. Accessed Oct. 9, 2019.<\/p>\n

5\u00a0 <\/sup>Sandee
\nLaMotte. CNN. Oct. 8, 2019. \u201cOwning a dog tied to lowering your risk of dying
\nearly by 24%, says science.\u201d https:\/\/www.cnn.com\/2019\/10\/08\/health\/dogs-help-us-live-longer-wellness\/index.html<\/a>. Accessed Oct. 9, 2019.<\/p>\n

We are an independent firm helping individuals create retirement
\nstrategies using a variety of insurance products to custom suit their needs and
\nobjectives. This material is intended to provide general information to help
\nyou understand basic retirement income strategies and should not be construed
\nas financial advice. <\/em><\/p>\n

The information contained in this material is believed to be reliable,
\nbut accuracy and completeness cannot be guaranteed; it is not intended to be
\nused as the sole basis for financial decisions. If you are unable to access any
\nof the news articles and sources through the links provided in this text,
\nplease contact us to request a copy of the desired reference.<\/em><\/p>\n

991719B<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

If you are retired or planning to retire soon, you may still have some work to do. For example, it\u2019s smart to have a readily accessible emergency savings fund that can pay for three to six months\u2019 worth of living expenses, if necessary. You should also consider what insurance policies you may need to help…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[],"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts\/282"}],"collection":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/comments?post=282"}],"version-history":[{"count":0,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts\/282\/revisions"}],"wp:attachment":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/media?parent=282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/categories?post=282"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/tags?post=282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}