In collectivistic cultures, parents or generally people think that when they get old their kids or children will be taking care of them. When they are unable to do it or are not doing it, then people end up with broken hearts. If you offspring take care of you, then good you have managed to raise your kid with conscience. But, why would you even allow someone else to be in charge of your retirement and final years. You should make your own plan. Here are few things you need to do and make decisions about.
Old age is not about solitude
It is true that most people believe that you will be able to be in solitude or even it is what old people would want. However, it is not. Humans are social beings and being of older age does not make them anti-social. Therefore, you need to plan your final years accordingly.
Since we have already struck out the possibility of living with your kids, you can think of alternatives. You can live alone or in one of the retirement villages New Zealand or even with friends. You need to think of the finance and other issues that might arise. One of the hardest parts of living alone is that you will need to hire someone else to keep the house clean and other mainteince issue. There are times when you might have to hire someone to assist you in your house if you are living alone.
The cost of living alone as a working individual is high, if you are an older person, it is better to live with someone else or in retirement villages or communities like Tauranga retirement villages.
Social life and being physically active
If you are moving into retirement, then it does not mean that you need to forget your social life or your personal hygiene and wellness. You might think that you will need to rest and spend days leisurely. But, you need to make sure that you go out with your friends and you are physically active. You do not have to climb mountains or play a rough game of football. But, a small walk everyday and a bit of exercise. Therefore, it is important to make sure that you live in a place where it is possible.
In addition to the above mentioned, there are several other things you need to decide like who and how you will be able to fund your retirement. You also need to make sure that your investment plan is legit if you are planning to invest in a retirement scheme.