Retirement can be a daunting prospect for many people who are unsure of how they will spend their time once they leave full-time employment. However, hearing about the diverse activities and options available to retirees can help ease these concerns. Some popular retirement activities include traveling, pursuing hobbies, spending time with family, working part-time, volunteering, starting a business, and even considering relocating to a new state or country.
Traveling is a top priority for many retirees, with 81% expressing a desire to travel more once they retire. Those who already enjoy traveling may want to consider increasing their retirement savings to account for potential increased travel expenses in the future. Likewise, hobbies can be a fulfilling way to spend retirement days, whether it’s joining a pickleball club, learning sign language, or exploring new activities that can be picked up quickly.
Family time is another common aspiration for retirees, especially those looking forward to spending more time with grandchildren. Working part-time is a popular option for those who can’t imagine fully retiring, providing a way to reduce stress while still staying employed to some degree. Volunteering is a meaningful way to give back to the community in retirement, while starting a business can offer both fulfillment and additional income.
Some retirees may also consider moving to a new state or country to reduce their tax burden or enjoy a higher quality of life. Planning for retirement and budgeting accordingly is essential to ensure that your retirement dreams can be funded. Ultimately, retirement can look different for everyone, but taking the time to figure out what activities and lifestyle you envision for your retirement years is crucial in creating a plan that aligns with your goals and circumstances.
