Without changing these views, retirement may be more difficult

Your retirement depends on many factors. However, many people have inappropriate thoughts that make life in old age more difficult.

When you retire, you should maintain reasonable spending habits to save more effectively. Photo: Luong Hanh

1. Unnecessary anxiety

Being cautious is necessary after retirement. However, if you think too much, it will become unnecessary anxiety and fear. Relax because this is the time for you to enjoy your life after years of stressful work.

If you are still worried about your old age, you should join a local retirement community such as practicing yoga, organizing activities that are beneficial to the community...

2. Live without thinking about the future

When you retire, you will no longer have a source of income from work. This is the time to take a serious look at your financial planning. Saving money is essential to cover your daily living expenses, health care, and leisure activities. Your financial plan should ensure that you have enough money to do everything.

Since your financial situation and needs may change over time, you should regularly review and adjust your personal financial plan to suit your actual situation. You can think about gradually increasing your savings by diversifying your investment portfolio and limiting high-risk channels.

3. Spending your savings too much

Many people think of retirement as a release from years of work, from which they can freely use their savings.

However, personal finance experts say that you should not be too hasty because after only a few years, you will not know where the money you saved went. Instead, after retirement, you should determine what you need to do, then divide your savings into each goal and stage. At the same time, you should maintain reasonable spending habits to save more effectively.

4. Not being prepared for medical emergencies

Many people when they retire do not care and are not serious about their health and medical issues. Meanwhile, old age diseases are always latent and can suddenly appear. Therefore, you should prepare carefully for emergency situations to handle them when they occur.

5. Relying too much on social welfare

Social policies only support retirees with a sum of money to cover their living expenses. However, these amounts will not help you have a very comfortable life, serving your own needs. Therefore, you can spend a part of your income to save, invest or buy insurance. This will help you have a reserve fund to pay for unexpected situations.

Laodong.vn

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