After decades of working hard, raising children, and celebrating the many things that make your life feel full, entering your golden years is bound to feel like a true reward embodied by endless relaxation. Whether you have dreams of settling down along a Florida coastline or want to tackle the many checkboxes decorating your lengthy bucket list, living out your golden years in your idea of luxury is of the utmost importance. And after your many years of hard work, you deserve to let loose and live a little.

Now the golden question is where to begin? Using this guide, we’ll open your eyes to the many possibilities open to you as you head into restful retirement.

Save Up

Hopefully by the time your filing for retirement, you have enough money in the bank to enter your golden years with financial comfort and confidence. This way, you’ll be able to spend your happiest years without any worries about your financial situation. Even in retirement, there are a number of ways to increase and stabilize your cash flow, no work necessary. Consider these options:

● Invest in the stock market

● Create an IRA account to capture big tax breaks on your retirement savings

● Use a reverse mortgage to gain access to your home’s equity (Pro-tip: check out HUD reverse mortgage guidelines to see if this is a good choice for you!)

Find a Hobby

While money can’t buy love or health, it can certainly help support a hobby that brings you limitless joy. Depending on your hobby of choice, whether it’s a group activity or a solo venture, partaking in a regular pastime could also serve as a way to grow your social circle or find your inner peace. Having graduated from your former 9-5 job, you’ll have plenty of time to think about your next session at pottery class or next book club discussion point to make.

Not sure about what hobbies or activities pique your interests? You’re not alone! It never hurts to try a multitude of hobbies before settling on one that you enjoy the most. And there’s absolutely nothing wrong with having a few under your belt to keep your days interesting. Whether that’s piecing together intricate puzzles or playing bocce with a local team, the options are truly endless and waiting for you to dive in.

Buy Your Dream Car

At this stage in your life, it’s about time you treated yourself to something nice. Depending on what kind of budget you’re working with, now could be the best time to buy that car you’ve always dreamed of. Whether it’s a high-tech Tesla Model S or an old-school Ford Thunderbird, there’s no time like the present to become driver to your fantasy vehicle.

If you’ve saved up enough money and can afford to add a new vehicle to your fleet, why not reward yourself? For those working with a more limited budget, consider looking into used models that are far cheaper than brand-new car price tags.

Find A New Place to Call Home

With your kiddos moved out and bedrooms emptied, it’s about time you thought about downsizing and relocating. There’s so much more to the world than the town or city you call home, and it’s time to see it all. Moving somewhere new gives you the opportunity to experience something unfamiliar to your usual everyday routine. New architecture, new languages, new foods, and new faces are all exciting parts of the package. In need of some inspiration? Consider these retirement hotspots:

In America:

● Phoenix, Arizona

● Carlsbad, California

● Denver, Colorado

● Hilo, Hawaii

● Des Moines, Iowa

In the world:

● Portugal

● Costa Rica

● Thailand

● Panama

● Italy

Invest in Experiences, Not Possessions

If you’re not entirely into purchasing material items like a brand new car or a revamped wardrobe, you may be more inclined to splurge on experiences. Going on extravagant trips or seeing some of the world’s most stunning sights are truly transformative experiences that make your life feel fuller. Consider these exciting bucket-list experiences if you’re in need of some inspiration:

● Go wine tasting in France

● Visit the Seven Wonders of the World

● Travel to a Patagonia, Chile

● Go on a tropical cruise

Bottom Line

Retiring in luxury doesn’t have to be some far-fetched idea that feels more like a dream than an achievable reality. With this unique retirement guide, you’ll be able to love the life you live and live the life you’ve always fantasized about.

How To Live Out Your Golden Years in Luxury