4 Fun and Affordable Retirement Activities
Entering retirement can mean a dramatic shift in lifestyle, but luckily there is plenty of time for new or old hobbies. Remember, you’re not just retiring from something, you’re retiring to something. The “what” is up to you, and there are many options other than expensive hobbies. Here are four fun and affordable retirement activities.
Few things are as fulfilling and stimulating as doing good deeds around the local community. Activities include walking animals at the local shelter, assisting at a hospital, tutoring and mentoring, or volunteering at a local non-profit. Most cities and towns have websites that post local volunteer opportunities, or you could stop by your local YMCA and read the community bulletin board. As a bonus, there is a chance of qualifying for a few tax breaks making new friends in the process.
Individuals with energy and motivation may want to put some of those spare hours into “sweat equity.” Learning to repair things around the house saves a lot of money compared to hiring a contractor, especially pre-emptive repairs that can prevent emergencies later on. You may also consider making small improvements to make aging in place easier, or plan with a future home buyer in mind.
In the age of digital photography, amateur photographers do not have to deal with the hassles of a dark room or spending money on rolls of film. It is an economical hobby for all seasons, and with practice, there may be opportunities to participate in local exhibits or at least showcase the photos online.
Learn Something New
Keeping your mind active and learning new things is important after the mental stimulation of a career is gone. A local community college may offer courses on interesting topics. Tuition fees for locals tend to be quite modest, and some community colleges even offer discounts for seniors. This can also be a good way to meet new people in your area.
Life is about more than just money. We want your retirement to be spent with the people you love, doing what you love. And, your finances are a major part of that equation. A comprehensive retirement plan takes your lifestyle goals into account. Request your complimentary, no obligation financial review, and we’ll help prepare you for the retirement you deserve.
The commentary on this blog reflects the personal opinions, viewpoints and analyses of BML Wealth Management’s employees providing such comments, and should not be regarded as a description of advisory services provided by Cooper Financial Group. The views reflected in the commentary are subject to change at any time without notice. Nothing on this blog constitutes investment advice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future returns.
Investment Advisory services are offered through Cooper Financial Group, an SEC Registered Investment Advisory firm. All Insurance Services are offered through BML Wealth & Insurance Services. California Insurance License #0M15550. BML Wealth Management & Cooper Financial Group are not affiliated.
We do not provide tax or legal advice, all individuals are encouraged to seek guidance from qualified professionals regarding their personal situation. Any references to protection benefits or steady and reliable income streams in this guide refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured. Indices mentioned are unmanaged and cannot be invested into directly.
Ready to take
The Next Step?
Schedule Your No Obligation Complimentary Review