4. 2. Planning for a quality retirement
Checklist;
Set realist goals
Adjust your lifestyle to fit the life to be lived during
retirement period
Invest in any kind of business before retirement
Live within your means
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5. Continued…
Have a dwelling house before retirement
Put in place a strategy for long-term medical care
expenses
Agree with family about the upcoming retirement
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6. 3. Challenges and Opportunities at
Retirement
Retirement is a phase of life that each individual should
expect to go through at one point in time. This phase of life
has challenges despite having opportunities
a. Challenges
. General mental health becomes compromised due to
old age
. Depression, high levels of stress
. Financial difficulties i.e. problems to get loans
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7. Challenges -Continued…
Difficulties to adjust to new lifestyle
Status change
Difficulties in making profitable use of idle time
Impact on relationships
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8. Opportunities in retirement
More free time to do investments and run business
More free time to manage your family affairs
You get a lump sum that can be used profitably
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9. 4. Tips on quality retirement
Save before retirement
Do not have outstanding loans prior to retirement
Make informed choices on financial advisors
Have strategies on how to live after retirement i.e
setting a business before retirement
Reduce on expenditures
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10. 5. Wills and deceased estate
A will is a legal document by which a person called
testator names one or more persons to manage
his/her estate and provides for the distribution of his
property at death.
Both men and women should have a will
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11. 6. Adult health
Health: State of being physically fit, mentally
stable and socially comfortable.
Tips on how to live health and strong after
retirement
Good diet
Avoid stress
Physical Exercises
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12. Tips –continued…
Avoid smoking
Be involved in activities to keep yourself busy
Medical Checkups
Get involved in the community
Talk to other retirees-get advice from them
volunteering
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13. Quote..
"You know that retirement is coming. It isn't as though it
just shows up one day and takes you by surprise, so
you need to get ready for it." Batya Shevich
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