Periodically we do a special program in our church called “60+” for those in that category. The discussions have been lively, and the interactions have been heart-touching. We’ve journeyed with some of these people for the last few decades and have seen the challenges they’ve faced, especially when they came up to this phase in their lives. 

The most common definition of the word retirement is ceasing from work. The basic idea is to live independently of income from work. 

Four critical factors must be kept in mind for those nearing retirement. Does this imply that I’m getting closer to such a time? Never mind. 

1. Finance

Many think about this too late in life, and some don’t think of it at all. Some have retirement pensions from work, and others may have some form of government assistance for the rest of their lives. 

Saving up enough money that you can withdraw from your savings will not be practical. For many, they won’t be able to save up enough. Once you retire and begin to withdraw from that account, then what if the money ends before your life ends? That gets complicated. 

Somehow, the money you save up must be able to earn you income without depleting the capital. There are several ways to do this, and a good financial planner can help with this process. 

2. Purpose

During their working years, many find their purpose in raising children, managing the home, or in their careers. But once they quit working, and the children are grown and gone, many find themselves without any purpose. 

If you could identify a purpose for your life much before retirement, that would be the best option. But unfortunately, many never took the time to think about this. Yet it’s never too late. Find something to give you meaning. Something to get up in the morning for. 

3. Community

Being part of a healthy close-knit community is one of the best things you could do for yourself. Attending church just on Sundays will not be sufficient unless you are involved in various activities of the church regularly. 

The giving of your time, effort, and energy can be of great value to you. Adding value to others is the best way you can add value to yourself. 

4. Exercise

If you’ve always had the habit of physical exercise during your younger years, you’ll be great with this. Otherwise, the best approach is to get connected with a group focused on workouts for retirees. Trying to establish an exercise routine for yourself can be quite difficult if you’ve not had that habit. So the best approach is to join a group. 

Would you like to add to this list?
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