The New Year is the time to make resolutions, and for those who are retired, those resolutions may look a little different than they did in past years. Whether you are looking to improve your health, or your finances, below are a few resolutions to consider to help you get started.
1. Whip Your Finances into Shape
Whether you are newly retired or have been for a while, it is always important to have a clear financial picture. Start with your monthly budget. If you don't have one, get one started. If you have one in place, it may be time to give it the once over to see if anything needs to be changed.
2. Get Moving
While retirement is supposed to be relaxing, it doesn't mean you should become sedentary. Find some fun ways to get moving that allow you to get some good exercise and connect socially with others. Consider signing up for a community exercise program or find a walking partner.
3. Review Your Legal Documents
As you work your way through your retirement, your situation in life may change, which also may mean a change to some of your legal documents. Review wills, advanced directives, and power of attorney documents regularly to see if everything is up-to-date and if any changes may be needed. Looking them over the first of the year is a great way to make the process routine and you may wish to continue in the future.
4. Find a Financial Professional
If you don't have a financial professional currently, consider one. Financial professionals may help you manage your money and work with you to determine a plan for your financial goals. They may help you with decisions that may be difficult and advise you of possible areas to consider. They may also help you seek confidence when it comes to money management.
If you need some financial help moving into the upcoming year, contact us today to get started on your financial goals for the upcoming year.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for individualized legal or investment advice. Please consult your legal or financial advisor regarding your specific situation.
All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.
This article was prepared by WriterAccess.
LPL Tracking # 1-05205821
Retirement Resolutions for 2021, US News & World Report, https://money.usnews.com/money/retirement/401ks/articles/retirement-resolutions-for-2021
7 Resolutions Seniors Can Make for the New Year, my LifeSite, https://mylifesite.net/blog/post/7-resolutions-seniors-can-make-for-the-new-year/