5 Bucket List Ideas For When You Retire 0

bucket list

For more and more retirees, the end of their professional careers marks a new chapter in their lives and provides an opportunity to do and try some of the things they’ve always dreamed of. For this reason, bucket lists have become an increasingly popular way of ensuring people make the most of their well-earned end of working life. While it’s not all bungee jumping and yoga retreats – you may also want to think about practical considerations like a funeral plan in order to ensure your wish fulfillment doesn’t leave your family with a financial burden – retirement should be about making the most of life and taking as much from it as possible.

 Skydive

Skyding is one of those things that seems to be on everyone’s bucket list, no matter how old you are. Whether it’s the idea of conquering your fear of heights or the adrenaline rush of throwing yourself out a plane at 12,000 feet that propels you to do it, skydiving is one of the activities you’ll never forget and is one that can often keep you coming back for more. Interestingly, age isn’t really a factor in being able to jump, so if you were thinking of using your retirement as an excuse not to do it, take a look at this 101 year old grandad who went skydiving with the rest of his family.

retirement plans

Cross a continent

In a tourism industry defined by budget flights and low cost travel options, it’s rare to hear about someone travelling all the way across a continent without flying. Whether it’s driving across the USA on the iconic Route 66, making your way through Asia on the Trans-Siberian Railway or following the historical route of the world famous Oriental Express, travelling the length of a continent is an exhilarating experience that you’ll never forget.

See one of the Seven Wonders of the World

If you want to see one of the Seven Wonders of the World, you’ll have to choose which list of seven wonders you want to use. There’s the Seven Wonders of the Ancient World, the Seven Wonders of the Natural World and the Seven Wonders of the Modern World to name but a few. However, what really matters is that you get to visit some of the most breathtaking and beautiful structures in the history of mankind. Whether it’s the Great Pyramid of Giza, the Taj Mahal, the Golden Gate Bridge, Great Barrier Reef, Machu Picchu or the Empire State Building, it’s a trip that’s sure to leave a lasting impression and is definitely one for the bucket list.

retirement travel

Learn to dance

There are a lot of things we put off doing while we’re working because we consider them superfluous or too time consuming to pursue at the time. Now you’re retired, it’s time to take up all those hobbies and activities you never got round to. One of the most commonly cited of these is learning to dance. For the traditionalists out there, it could be learning to waltz; for something a little bit more modern, jive or swing; and for those that appreciate a Latin beat, salsa or tango. Whichever style you opt for, the joy is in expressing yourself, keeping active and learning something new, as demonstrated by these retired dancers.

See the Northern Lights

Finally, no bucket list would be complete without one of the most impressive natural phenomena on the planet, the Aurora Borealis. Otherwise known as the Northern Lights, this impressive celestial show can be experienced from a number of countries around the world, including Iceland, Canada and Russia, but if you’re looking for something a little closer to home, it’s also possible to see them in some parts of Scotland’s northern extremities.

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How to Get the Most Out of Your Retirement 0

retirement

Whether you’re close to retirement age or not, the idea of life without work is an incredibly appealing prospect. However, if you want to get the most out of your retirement, it’s vital that you begin to think about what you want to take from it and how you can prepare for it.

 

Financially, there are a huge number of considerations to make, including savings, investments, pensions, funeral plans and wills, but you also need to think about how you can maximise your time and what kind of a life you want to live once you quit your job for good. Here we take a look at a few different ways you can get the most from your retirement.

 retirement

 

What do you want from retirement?

One of the key ways of ensuring you get what you want out of your retirement is by taking the time to consider how you want to spend the time and what you want to do with it. If you don’t know what you want from life after work, how are you going to ensure you achieve your goals? Everyone desires something different from retirement – be it a peaceful few years at home enjoying your hobbies, travelling the world or ticking off items on your bucket list – so it makes sense that people will need to prepare in different ways too.

 

Plan ahead

Once you understand exactly what you want from retirement, you can begin to work out how to achieve your aims. This will involve asking a number of important questions. How large will savings need to be? How many more years do you expect to work? How long is your retirement likely to be? Are there any other important financial considerations, such as rent, a mortgage, health bills or family commitments, to consider? Once you’ve answered such questions, you’ll be in a better position to budget for a financially secure future that’s able to deliver those things you really desire.

 

Reduce expenditure

One important but often forgotten means of ensuring a happy retirement is minimising the cost of those expenditures associated with old age. While a lot of people don’t consider a funeral plan until they are well into retirement, there’s enormous savings to be made if you begin thinking about these things now. With funeral costs rising at a far higher rate than inflation, a plan like the Beyond Open Plan could drastically reduce the amount you pay out for your funeral. By thinking ahead and taking out a plan like this now, you freeze the cost of your funeral at today’s prices and could avoid paying three times as much in 10 to 15 years’ time.

 

Prioritise

Finally, getting the most out of your retirement necessitates a certain amount of prioritisation. Realistically, you’re not going to be able to do absolutely everything you want with your retirement, so it’s important that you begin to think about what’s really vital to your plans and what you can afford to drop. Remember that life is full of surprises, so you don’t want to overstretch your savings and potentially leave yourself open to financial uncertainty. It’s always a good idea to maintain some savings as security should things not turn out quite as you had planned.

When should you start thinking about your own funeral? 1

thinking about your own funeral

Although there is no prescribed age at which you should begin thinking about your own funeral, there’s a number of reasons you shouldn’t leave it too late. Here we take a look at why it’s best to take a more practical approach and to start contemplating how you would like your own funeral to be at a much younger age.

 thinking about your own funeral

You’re never too young…

Ultimately, you’re never too young to start thinking about your own funeral. Though it may sound slightly macabre to talk about funeral arrangements before a funeral becomes a likely proposition, there are a number of advantages to beginning to contemplate what you would want from a memorial service and how you’re going to finance it. Often, planning ahead can leave you in a better financial position, make you feel more secure and help to ensure your funeral is exactly how you would like it to be.

 

Talking about death

One of the key advantages of beginning to think and talk about your funeral arrangements at a younger age is that it encourages us to talk about death and dying. In a number of ways, contemporary society is incredibly uncomfortable with death and has managed to sideline and hide it from view. We use euphemisms instead of referring to death directly, avoid discussions surrounding the topic, and try to push it from our minds as much as possible. Rather than accepting it as a part of life and treating it as such, death has become somewhat of a taboo subject. This can be both an unhealthy and unhelpful approach to take, so it’s important to start talking more openly at a younger age about death, dying and funerals.

 

Funeral Plan

There’s also a more practical reason for starting to think about your own funeral at an earlier stage in your life. If you begin by looking at the Beyond Open Plan, you’ll discover that such a plan freezes the price of a funeral at today’s rates. With the cost of funeral services expected to rise at an incredible rate over the next few years, this could save you an enormous amount of money in the long run. Not only does it guarantee a cheaper funeral, it gives you complete control over the arrangements, ensuring everything’s exactly as you want it.

 

It can be a comfort to your family

Organising a funeral is difficult, especially if you’re grieving. You want to make sure that every detail is as your loved one would have wanted it, from the music to the dress code. If you haven’t recorded your wishes anywhere, this places an added burden onto your family.

 

It only gets harder

Finally, it’s also important to think about what happens if you leave your funeral plans to the last minute. For some people, making their own funeral arrangements later in life doesn’t really pose a problem. For others, it can be extremely difficult. As we get older, when death becomes a more realistic proposition and we’re confronted with our own mortality, it can be a challenge to talk about these important issues. Rather than discussing them with family members or friends, many people avoid their fear of death by sidestepping the subject, leaving them unprepared at the end of their lives. By starting to talk about death at a younger age, we can ensure this isn’t the case.