Vicki Brackens on Inspiration for the Nation – The Reality of Retirement – Episode 205
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The Network Journal award for 25 Influential Black Women in Business- 2018 honoring women whose professional achievements have significantly impacted an industry or profession, and who also made an important contribution to her community. Typically, a business owner, or a partner, president, CEO, board chair, or other senior management executive with significant decision-making authority in the corporate, nonprofit, or government sector.

Centerstate CEO’s Business of the Year award 2018 (in partnership with the Upstate Minority Economic Alliance) in the minority-owned business category -These member businesses stand out among an incredibly competitive field of nominees for their outstanding success and role that they play in strengthening the community….(read more)

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Retirement is an inevitable phase of life, but it can be challenging to accept and prepare for. The idea of not having a fixed income, reduced social circle, and idle days can be daunting. However, with proper planning and preparation, retirement can be an exciting and fulfilling phase of life. Here are some tips to help you deal with the reality of retirement.

1. Set Realistic Goals

Retirement brings the joy of opportunities that you always wanted to take advantage of. However, the key is to set realistic goals. This will help you come up with a plan that is best suited to your needs. Weigh your income against your expenses so that everything can be achieved within your budget.

2. Review Your Finances

Retirement can take a significant toll on your finances. It’s important to review your retirement income, including your social security, pension, and savings. This will give you a clear idea of where you stand financially and what adjustments you need to make.

3. Invest With a Purpose

Investing with a purpose helps in safeguarding your future and supporting your retirement lifestyle. If you invest in the stock market, consider whether you want to prioritize dividend-paying stocks over growth-oriented stocks. Furthermore, consult an advisor who will guide you in making decisions.

4. Plan Activities

Staying busy and engaged is essential for good mental health. Plan activities that interest you, and that you are passionate about. A retirement group or a hobby club can offer opportunities to meet new people and pursue interests.

5. Stay Physically Active

To stay healthy, remain physically active. You don’t have to take up extreme hobbies like hiking, ski-diving, or rock-climbing. Incorporating simple routines like walking, swimming, or yoga into your daily routine can help obtain numerous health benefits.

6. Learning and Education

Taking classes, be it online or in a traditional classroom setting, may pique your curiosity and creativity as well as keep your brain engaged.

In conclusion, retirement is simply another chapter of life. It is essential to prepare for it physically, mentally, and emotionally. Consider the above-listed points to help you deal with the reality of retirement. Consulting an advisor may also help to plan the transition to post-retirement and provide you with the necessary guidance, and ensure that your finances are on the right track.