Retirement living has become more difficult over the last few decades due to the changing economic environment. Retirees are now facing challenges such as rising healthcare costs and lower investment returns, making it harder for them to maintain their lifestyle. However, instead of feeling discouraged, retirees can adjust by doing more of what they enjoy and trying something new.
One way to make retirement living happier is to focus on activities that bring joy and fulfillment. Whether it’s gardening, painting or traveling, finding pleasure in hobbies and interests can boost overall well-being. Trying something new can also be a great way to stay engaged and stimulated during retirement. This could involve taking up a new hobby or learning a new skill like cooking or playing an instrument.
Another way to plan for happy retirement living is by cultivating meaningful relationships with others. Making new friends can provide opportunities for socializing and connecting with people who share similar interests.
Retirement Living is becoming a popular lifestyle in today’s day. It is more of a western concept that is gradually being pervaded globally. There are people who have already taken a retirement living and would want to continue with that. On the other hand, there are people who are considering retirement and planning for it. Let us explain what it actually means. Most people or couple decides to lead their life in a certain order post retirement. Few would want a frugal way of living, while others would want to be a part of retirement villages or communities. The whole idea is to be able to spend the days of retirement according to one’s wishes, in terms of day-to-day living.
Retirement Living Types
Most people choose retirement living as a choice and not because they feel, deprived in any way. As expressed by many retirees, that they have done what they have to in their lives and want to cherish these days too when they are not working. As some of them would opine that, a good retirement living within a reasonable budget is actually possible. You can enjoy your life of retirement without any setbacks. There are several frugal forms of retirement living. The best that are suggested by people are-
- You can live abroad in a sailboat
- Relocation
- Living overseas
- Acquiring a small space living
- Living in an RV
These are some of the options that have been tried by several people post their retirement. Relocation is one of the most opted ones amidst the above-mentioned choices. The second to it is living overseas. Both options are more or less similar where people are choosing a different location to reside and enjoy their retirement.
Retirement Village
Talking more of retirement living, yet another concept that has gained importance is that of retirement villages. A retirement village can be best defined as an association or community meant for the senior citizens. The term used is somewhat a misnomer. This is because a person need not actually have to retire. The entries to these villages have been restricted to the ones who are of 55 years, or the ones who have taken a full-time retirement from work as well as their spouses. The average age is fixed at somewhere low to half 70’s and the average entry age is marked at mid to above 60’s.
Forms of Retirement Villages
There are generally two types of retirement villages. They are known as-
- Donor funded villages
- Resident funded villages
The donor funded retirement villages as the name suggests are operated and owned by the NGO’s or government bodies. Resident funded retirement villages might also be owned by a NGO or a private sector body. They are mostly operated for commercial purposes to generate a surplus amount.
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