By engaging in these sorts of social interactions and by keeping themselves physically fit, retirees should be able to live out their golden years prosperously.
New York, NY (PRWEB) June 12, 2013
GreyWingFinancial.com personal finance and economic magazine for seniors today released their advice for soon-to-be retirees and seniors for how to improve their days during retirement.
Their guidance was prompted by an article by Peter Orszag, published in Bloomberg on June 11th 2013. Orszag suggested that the act of working is actually quite beneficial to our health, basing his premise off of numerous studies done on the topic. He states that according to the Institute of Economic Affairs in the U.K., “negative and substantial effects on health from retirement” have been identified through a study. Said study also found retirement to be linked to a significant decrease in overall happiness and “a decline in self-assess health, and that these effects grew larger as the number of years people spent in retirement increased.”
GreyWingFinancial.com believes that there is something very fulfilling and emotionally as well as physically satisfying about a hard day’s work, and offered tips to its soon-to-be retired readers about ways to lessen the side effects of the lack of work during retirement. GreyWingFinancial.com is quoted as saying, “One obvious solution would be to hold off on full retirement for awhile. It’s certainly appropriate to cut hours—going from full time to part time, and then eventually perhaps just on a volunteer or hourly basis. This move is very dependant on the flexibility of one’s employer though.”
According to the above-mentioned Bloomberg article, a study performed by the National Bureau of Economic Research from 2008 revealed that full retirement caused troubles with mobility and daily activities to go up between 5 and 16%. The difficulty increased due to the fact that retirees had reduced their social interaction and physical strength, which in turn also harmed mental health.
The personal finance and economic magazine for seniors recommended for those who are fully retired to find a routine and stick to it, as well as to commit to social hobbies and activities that bring them out of the house. GreyWingFinancial.com advised that a routine is helpful, since not having to get out of the house every day to punch a clock can cause people to develop unhealthy habits like sleeping late daily, or going to bed late each night. GreyWingFinancial.com also recommended finding hobbies that one enjoys doing, and sticking with them on a routine basis—activities like gym classes, art classes, book clubs, wine clubs, even a daily walk or weekly lunch with a friend. The simple act of being fit is like life insurance for senior citizens. By engaging in these sorts of social interactions and by keeping themselves physically fit, retirees should be able to live out their golden years prosperously.
GreyWingFinancial.com is an economic and finance online column devoted to aiding soon-to-be retirees, seniors, and retired folks with relevant finance information and guidance. GreyWingFinancial.com’s goal is to assist people with their retirement choices, whether they are debating buying a motor home or trying to determine whether they have enough to retire comfortably.