You’ve probably spent at least a little time thinking about what to do in retirement. How will you fill your days? Where will you go? What will you do? With whom will you spend time?
In retirement, you likely have more options for how to spend your time than ever before. And, you certainly don’t have to settle on only one goal, hobby or pursuit.Maybe you’ll pursue painting. Or perhaps skydiving is more up your alley. Think that’s crazy? Geraldine Watson did her first skydive at the age of 85, and loved it! Did she want to do it again? No. She had other dreams to pursue.
Whether it is dare devil parachuting, travel, spending time with grandchildren or something else, however you choose to spend your golden years is bound to be exciting…
Retirees don’t live a static life. Things change, and interests may evolve. Retirement is a time when you get to make the rules and adapt to them as you see fit. What you dream about today might be radically different from what you want a few years into retirement. And, with Americans living longer now than ever before, it’s time to start dreaming bigger.
Here are 25 relaxing, exciting, rewarding, simple and challenging ways you could find a perfect retirement life balance. And — if you are overwhelmed by your choices, skip to the bottom of this article for tips to help you figure out what to do after retirement.
A lot of items on this list talk about doing something amazing. But that is not the real point. You don’t have to be the best, the first, the oldest or the most.
Retirement is the time when it should not matter if you are keeping up with the Jones’. Now is the time to do what makes YOU happy. You can enjoy the little things or you can swing for the fences. You can make a difference to your own loved ones or volunteer and change lives in your community. You might make a fortune doing what you love or you can make ends meet while pursuing your passion.
The scale of your endeavors should not matter.
Think hard and make sure that what you do after retirement matters to YOU.
Need some help? Many of us aren’t sure what one thing makes us happy. Here are a few books that might be useful.
Want help figuring out what to do before even Amazon can deliver a book? Try one of these articles:
Travel ranks near the top of a lot of what to do in retirement wish lists. Some retirees have a certain city they’ve always wanted to visit. And for others, a more consistent schedule of travel is a lot more exciting.
You don’t have to cross an ocean to have a great travel experience. You could travel through North America and never see it all. Even travel within your own state could yield experiences that you didn’t know were there.
The life of a traveler is varied. Some people buy an RV, and some love to take a train. Of course flying will take you practically everywhere. As for lodging, retirees can get creative. Book hotels, if that’s your thing. Or check out Airbnb, a service that connects travelers with private B & B experiences in the U.S. and around the world.
You might even consider becoming an Airbnb host and rent out your home while you travel the world … letting your home pay for your adventures.
Didn’t you just leave a steady job? Why would you think about working again? Many retirees do.
The idea of being your own boss can be awfully appealing. Your business can be anything you’re good at or want to try. Open a shop or provide a service. It’s your ballgame.
And… get this: The Ewing Marion Kaufman Foundation has found that about a quarter of all new businesses started in that year were owned by people aged 55 to 64.
Learn more about entrepreneurship and success after 50.
Open a coffee shop, bakery or even just sell cookies from home…
Summer camp isn’t just for kids. It is as fun to do in retirement as it was as a kid. The grown up version is less likely to give you a case of poison ivy, and more likely to offer a range of experiences that far outpace any wilderness camp that your kids might have gone to. There’s a grown-up camp for fishing, fitness, race car driving, acting and more.
Chances are if you have an interest, there’s a camp for it. How about a spa camp? SummerCampHub has a directory of camps for adults.
The list of possibilities is interesting. Fight zombies? “Uplifting” new age experiences? Traditional camp activities with cocktails at night? Yep, there’s a camp for all of that.
What to do after retirement? Go back to work! More and more people in their 50s and 60s are taking anywhere from a few months to a year off from work. The sabbatical or temporary break from work could give you the chance to enjoy the benefits of retirement without taking the official plunge.
A sabbatical could be a week, a month, three months, a year, or it could be longer.
How much time you take off for your mini retirement might be dependent on your goals for the sabbatical. The length of time might also be determined by your finances and the needs of your employer.
Learn more about this sneaky way to get an “early retirement.”
Heading south for the winter isn’t a new idea, but what about going north when the heat is too much? Maybe you want to live closer to the kids, but not all the time. Or if you’ve never experienced the holidays in the mountains (or at the beach), that’s a possibility, too.
Buying a vacation home someplace else lets you have the best of everything without giving up your roots. But that’s not the only way to relocate seasonally.
If you’re in the north and want to head south (or any other configuration), house swap services match you with another homeowner who wants the opposite, and you trade houses temporarily. There are also international house swappers like in the movie, The Holiday. Try HomeExchange.com, HomeLink.com and IntervacHomeExchange.com
Worried about money? If you migrate seasonally, it is likely you can find employment to service the vacationers! You might look into being a camp ground host, ski slope attendant, lifeguard, etc… Try the following services for seasonal employment opportunities and ideas: Coolworks.com or BackDoorJobs.com.
Working outdoors when the weather is nice makes life worth living, at least for some people. And studies suggest that gardening is an activity that can add years to your life.
Gardening comes in many forms. Some people love growing vegetables, and some prefer the beauty of a flower garden. Or you could do both, and there is a lot of variety in either direction. There’s so much to learn about growing plants. If it’s your passion, you might create new plants through grafting, become an expert at composting, or pamper roses and vegetables that you sell at a market.
There’s no education requirement for writing a book, and you can write anything that you like. Life experiences might be great inspiration for a how-to book. If you’ve led a most interesting life, you might have plenty of fodder for a compelling memoir. And what about the next great American novel?
You’ve got two basic approaches for writing.
- If you want to self-publish, Amazon lets you write, upload, create a book cover, and more.
- If traditional publishing is more your style, the road is a little tougher but you’ll have a team on your side.
Your age is only a number. It should not define what you do in retirement. Don’t believe me? Look at these amazing accomplishments by 70, 80 and 90 year olds and more amazing accomplishments that prove that growing old is truly optional!
Furthermore, consider that Pablo Picasso was still producing art in his 90s. Thomas Edison invented the telephone at age 84. Laura Ingalls Wilder published her first book when she was 64.
Some brand new teachers enter the arena as a second career. Is this something you’d like to consider? If you want to teach in a traditional setting, whether public or private schools or colleges, you’ll probably need additional education. Learn more about certification, salaries and more here. And, if you really want to make a difference, the U.S. Department of Education publishes a list of which areas of the country have teacher shortages.
But the traditional classroom is not the only way to earn a living as a teacher:
Create an online video course and earn money by teaching people around the world. On Udemy, You decide what to teach, create the curriculum using their software, and they help students find you. Maybe your family’s cooking is the best on Earth, or maybe you’re an expert-level knitter. In whatever you’re an expert, you can be a teacher.
In person and online tutoring is another booming opportunity. Try signing up for a platform like Wyzant that matches tutors to students who need help.
Tutoring can keep you feeling young and vital.
Volunteering lets you give back to the community in ways that often benefit the volunteer just as much. And because you’re not in it for a paycheck, you can be much choosier about the organizations that you help.
A study by the Center for Social Development, George Warren Brown School of Social Work, Washington University, in St. Louis reports, “Older adults who volunteer and who engage in more hours of volunteering report higher levels of well-being.” This study ways that the benefits of volunteering are the same no matter your gender, race or social status.
If you intend to retire in your own home or even if you want to sell, retirement is a good time for remodeling. You can alter your home to fit a new lifestyle, or improve it to boost value and get a better market price.
Improvements might include a new master suite on the first floor, a safer bathroom, kitchen upgrades, a new workshop for hobbies or anything else your heart desires. This is also a good time to be sure that your home is in top condition. If you need a new roof or HVAC system, replacing it now means less to worry about later.
Maybe remodeling isn’t for you. Maybe your home isn’t for you either!
Most of us live in homes that we bought with dreams of raising our children. Now, most of our children are grown and gone (hopefully…) and we can think about where we want to live for retirement. Here are some lists of the best places to retire.
Moving when you retire can be great for your lifestyle, it can also be great for your finances. If you can buy a less expensive home, then you can lower your monthly expenses and maybe even use home equity for retirement expenses.
Use the NewRetirement Retirement Planner to model downsizing as part of your retirement plan.
Just because you’re retired doesn’t mean your skills no longer have any value. Many employers are faced with a conundrum. New, recent grad employees are on the cutting edge in many ways. But seasoned pros with loads of experience will eventually retire. A happy medium for you might be consulting, which lets you work less and call more of your own shots.
A Merrill Lynch study on working in retirement explains that the concept of retiring has fundamentally changed. Before, there was a sharp delineation between work life before retiring and leisure afterward. Now, there are various phases:
- There’s pre-retirement
- A 2-year period of “career intermission” (which more than half of retirees take)
- Then a brand new stage that could take you a number of different directions, including back to full time work, a part time job or consulting work
- And finally a complete end to work
No matter what else you are doing on this list, maintaining your retirement plan is something that all of us must do.
It is important to assess your financial situation every 3-6 months. You need to know if you are going to have enough money to do what you want to do in retirement — for as long as you live (no matter how long that turns out to be).
A good retirement calculator can help you with these assessments. The NewRetirement Planner is a detailed and highly personalized tool that saves your information so it is easy to update. Best of all, the planner gives you immediate feedback on the impact of any updates on your overall financial health.
Having a place to go. Having people (or animals) that rely on you. Maintaining a schedule. Being social. Having a purpose. Learning new things. These are all activities that are scientifically proven to keep you healthy and happy and vital.
Make new friends and keep the old!
Even if you don’t think that you have a musical bone in your body, you might find an instrument that you really love to play. Piano is a common starting point, and so is guitar. Don’t forget that your voice is also an instrument. You could take banjo lessons and voice lessons, too.
Not only does learning to play an instrument help enrich your life, it’s also a pursuit without end. Even the greatest musicians in the world still practice frequently and learn new things.
And learning new things is a great way to keep your brain healthy and functioning.
As the saying goes, if you’ve got your health you’re already rich. Fitness is another lifelong pursuit, and this one can make retirement life better in almost every way. You’ll have more energy, a healthier body and a happier mindset, too.
Fitness offers so much variety that you never need to grow bored with it. There are classes for yoga, Pilates, spinning and more. The Centers for Disease Control also says that weight training relieves arthritis, improves balance, increases bone density, manages weight and diabetes, strengthens the heart, and makes sleep better and more restful.
Too often, retirees stick progressively closer and closer to home as time moves on. What might have been a rich circle of friends could dwindle more and more until only a few remain in your life. While there’s nothing wrong with enjoying being alone, friends help you stay connected to the world and give you a greater sense of purpose.
It’s also a good idea to find some younger friends. Spending time with someone in a different age bracket exposes you to new experiences, and it works the same for them.
There is nothing like a high school or college reunion to get you thinking about what you have accomplished and where you might be going.
Taking stock of our lives and setting new goals is exactly what we need to do as we consider retirement.
A reunion can be an excellent way to connect with old friends and maybe be reminded of what we are passionate about which can help remind us of how we might want to spend part of retirement.
You’ve probably had a lot of life experiences and dreamed about others that never happened. Did you ever think about becoming a brilliant chef but didn’t have the time to go after it? Or did you once think about developing your mechanic skills but couldn’t follow through?
Retirement is the perfect time to turn an interest into something that you master. You could create the next great thing in pottery, or fine-tune your woodworking skills. Whatever you pursue, plan to become an expert. And then pass that knowledge on.
With longer lifespans, most retirees enjoy a longer retirement than any of their ancestors did. But living to 100 doesn’t mean you’ll feel the same at 98 as you did at 70. In time, everyone loses at least a bit of drive to go-go-go.
Re-evaluate your retirement periodically and make adjustments as you see fit. The more you plan ahead, the less likely you’ll find yourself in a situation where you need care but can’t pay for it, want to be near family but can’t move, or any other of the number of surprises that might creep up over the years.
Here are 7 Tips for Imagining Your Future.
While you’re in the active saving and investing stage before retirement, you might look to an expert to help guide you in the right direction. But the time will come when you glide into maintenance mode. From there, you can probably manage it on your own as long as you keep learning and stay in touch with what’s happening in the financial world.
It’s entirely possible to become a self-made financial expert. Read everything that you can, including good blogs. And start watching TV shows about finance. Soon you’ll know what disintermediation, econometrics and other terms mean without calling a financial planning expert, because you’ll be the expert.
Using the NewRetirement Planner will help you!
The millennial generation is the first to grow up in a world where the internet has always been around to some degree. Older generations had a lot of life experience without it, or any of the usual gadgets. And sometimes technology is quite confusing.
Keeping up with technology throughout retirement gives you a lot of freedom, and it also helps you enjoy more of the benefits of living in a rapidly advancing era. So be afraid of it. Embrace technology, and keep on learning.
A Welsh proverb says: “Perfect love does not come until you have your first grandchild.”
If you are looking for things to do in retirement, you might want to think about things you can do with your grandchildren. There is something unbelievably special about being a grandparent. You get all the magic of the child and not as much of the burden.
Retirement can be a wonderful time to spend time with your grandchildren. You can share experiences that are important to you and learn about things that are important to them. They can keep you young and you can help them grow up.
You are nearing the end of this list… Are you still looking for what to do after retirement?
Here is a long list of 94 possible hobbies.
Activism. Amateur Radio. Antiquing. Aquariums. Archery. Art. Astronomy. ATVs. Badmitton. Baking. Baton twirling. Baseball. Basketball. Beekeeping. Beach clean up. Biking. Birding. Board games. Book club. Boomerangs. Brewing Beer. Bridge. Calligraphy. Camping. Cartooning. Casinos. Chess. Collage. Collecting. Composing Music. Cooking. Crafting. Crochet. Crossfit. Crossword puzzles.
Dancing. Darts. Daydreaming. DJ. Drones. Electronics. Entertaining. Fashion design. Fencing. Fishing. Flower arranging. Football. Flying. Four wheeling. Genealogy. Geochaching. Geology. Golf. Graffiti. Hot air balloons. Hiking. Horses. Hunting. Inventing. Jewelry making. Joining a Band. Journaling. Juggling. Kayaking. Kites. Knitting. Lawn bowling. Letter writing.
Mah jong. Make movies. Marathons. Martial Arts. Metal Detecting. Mixology. Museums. Models. Motorcycles. Mycology (mushrooms). Orienteering. Origami. Paintball. Painting. Paragliding. Playing an Instrument. Photography. Ping pong. Poker. Pottery. Printing in 3d. Puppetry.
Reading. Remote control cars. Road trips. Rock climbing. Robotics. Roller skating. Rowing. Running. Sailing. Sandcastles. Scuba. Sculpting. Senior olympics. Sewing. Singing in a choir. Skiing. Snorkeling. Snowboarding. Soccer. Socializing. Storm chasing. Swimming. Surfing. Tai Chi. Tennis. Theater — try out for a local theater production. Trampolines. Topiary. Upcycling. Volleyball. Water colors. Wine making. Wine tasting. Woodshop. Wood carving. Writing. Yoga. Yo yos. Ziplining. Zoology. Zumba.
Maybe you make it a goal to try all the above! Or, just choose one or two and get really into it.
Almost nobody thinks of retirement as winding down anymore. Some people plan to never stop working at all. And some want to experience as much of the world as possible, with finally enough time to do it.
This list shows that there are so many different options.
For most of us, the trouble is how to choose what to do in retirement. Here are a few questions to to help you with that decision:
- When you were a child, what did you love most? What did you want to be when you grew up?
- On your deathbed, will you have any regrets? Anything you wished you would have done? Not done?
- Look over this list of quotations about retirement, does anything resonate with you?
- What is your favorite movie or book? What does that tell you about what is important to you?
- Who matters to you?
- If money were not a problem, what would you be doing now ?
- Describe your ideal day? Would you want to do this every day? Could you?
There simply is no shortage of pursuits for people who are out of the classic workforce. You might want a peaceful life where everything moves at your own pace. Or you might want the exciting environment of a city with a strong pulse. Or maybe your retirement will include a little bit of everything. You don’t have a pick a course right now.
But it’s never too soon to dream.
Of course, we do need to remind you that no matter what you choose to do in retirement, it is important that you have a great financial plan. Get a quick start with the simple retirement calculator.
Or, to feel truly confident about your financial future, create a much more detailed and reliable plan with the NewRetirement Planner. Forbes Magazine calls this system a “new approach to financial planning.” It is a proven method for getting on track to a secure future.
Steve Hansen, Vice President, Underwriting, Architects & Engineers/Contractors Professional Liability, Tokio Marine HCC – Cyber & Professional Lines Group,…