Wondering what to do in retirement? Here’s how you can beat boredom and even earn extra cash during your golden years.
In this article:
- Transition to Retirement by Learning New Skills
- Go Back to Work
- Include Traveling as Part of Your Retirement Plan
- Immerse in Your Hobbies
- Volunteer and Live a Life for Others
- Be a Good Senior Teacher to the Next Generation
- Spend Time with Family
What to Do in Your Retirement Years | 7 Activities for Retirees
1. Transition to Retirement by Learning New Skills
With a lot of time on your hands after you retire, you can try learning new skills on your list of things to do in retirement. Dabbling into different arts or crafts can provide an interesting life and the possibility of earning extra income for retirees.
- Artsy activities like painting and playing a musical instrument can make retirees feel more relaxed and fulfilled. A painting or a recording of your music can also be an interesting gift.
- Crafts, such as woodwork and sewing, can also keep you busy and entertained. Personalized items, especially when you’re skilled enough, can fetch a pretty penny.
- You can also look into cooking and baking. Cooking and baking can help you cut down on costs for dining out and you can even start a business out of it.
- Those with a green thumb could also look into gardening. Starting a nursery can be very rewarding and help you live sustainably. You help the environment, cut down your grocery costs, and even make money off excess produce.
2. Go Back to Work
How about working again? This may seem like a joke, but hear me out first.
Some retirees work even after reaching retirement age due to unfortunate necessity or just plain boredom.
Some seniors may experience difficulties with their expenses, especially if they didn’t start preparing and saving for retirement early.
There are also some who wish to work after retirement not because of the money, but because of the fulfillment it brings them. You can also think about starting a business or freelancing as a consultant.
After all, older adults have insights and experiences that can add value to the younger workforce. Not to mention, it’s a fulfilling way to fill both your time and pockets.
Whether you do part-time or full-time work, this is the opportunity for you to finally start working on your own terms.
Even if you won’t earn as much as before you retired because you’re working fewer hours, at least you’ve got more control over your time. Less stress and more time for rest.
Important: If you’re planning to work after reaching retirement age, consider the contribution limits to your retirement accounts. Some IRAs and 401(k) plans may no longer be an efficient way of investing your money.
3. Include Traveling as Part of Your Retirement Plan
While traveling may seem like an expensive hobby to have, especially with limited income, there are affordable retirement travel ideas you can refer to that can help minimize expenses.
Whether you plan on going on a cruise or just visiting local attractions, travel can make your life richer, sometimes literally.
For example, starting a video blog about your travels can give you a platform to share your thoughts about your destination. Once your vlog starts gaining traction, brands and businesses may want to work with you to promote them.
It is not uncommon for hotels and restaurants to offer people with a sizable following with freebies as a form of marketing. After all, if your vlog encourages people to visit them, they get something in return too.
Some retirees may also choose to live abroad and use their pension and retirement savings to fund their expat lifestyle. A new culture and a change of scenery can make your retirement outside the U.S. more exciting.
Living abroad can also be a way to stretch your retirement income if you move to a country with a more affordable cost of living.
Other possible travel ideas you can do after you retire include:
- Hiking, especially with family and friends
- Travel experiences with a theme, like wine-tasting all over the country
- Traveling with an RV
- Sightseeing via other travel modes, like through a train
As long as your expenses don’t exceed your budget, traveling can be a great way to spend your retirement years.
4. Immerse in Your Hobbies
Hobbies may be productive, like learning new skills, or just recreational, like rewatching your favorite movies or playing bridge every Wednesday.
Some hobbies, like golf, are also more expensive than others so be sure to do some financial planning if you’re planning to retain hobbies like these after retirement.
As long as you know your limits, any hobby can easily fill up your time, but be sure it won’t empty your retirement fund.
5. Volunteer and Live a Life for Others
They say volunteering during retirement increases your life expectancy as well as builds great and fulfilling relationships.
- Do you have a passion for animals? Volunteering at your local shelter can give you a lot of bonding time with some furry friends while helping out the shelter in cutting down costs for employees.
- Have a heart for the homeless and impoverished? Soup kitchens need all the hands they can get. Homeless shelters may also need an extra pair of hands in handing out clothes and necessities to those in need.
- Are you a retired executive or business owner? Volunteering your time to advise new entrepreneurs can help you discover new relationships, business opportunities, and personal growth.
Just dig deep and find the intersection between what interests you and what the community needs. By giving your valuable time and expertise, you can make the world a better place.
6. Be a Good Senior Teacher to the Next Generation
Teaching the next generation can be a noble way to spend your time. Whether they be your grandkids or even paying students, you’ll be directly guiding the younger generation to a better future.
Want to leave a legacy by sharing your knowledge and skills? Here are some ideas:
- Read books for young children for a local library
- Volunteer in Sunday School
- Working as an instructor in a hands-on technical school
- Tutoring, whether in-person or online
Of course, mentoring the youth is another great way to spend your retirement. Volunteering as a local youth baseball coach or as an advisor for the local chess club can help your body and brain stay active during retirement.
7. Spend Time with Family
With so much time on your hands after retiring, you can visit your relatives and their families. Traveling to visit and spend time with your loved ones can lead not just to stronger family bonds but also to a lot of wonderful memories.
Getting visits from and visiting family members and friends can make your retirement more fulfilling. What should you do when visiting? You can do a lot of things like:
- Sharing personal stories,
- Getting to know the interests of your family,
- Telling stories of your family members to other relatives,
- Celebrating achievements and comforting those who are grieving, and
- Simply visiting and catching up.
If you are still wondering what to do in retirement, then you may want to spend at least a week to think about what to do. Whatever you decide, just make sure that your retirement savings and assets can cover your lifestyle.
Do you already have an idea on what to do in retirement? Let us discuss in the comments section below.
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