15 Things Boomers Need to Stop Doing In Retirement

The decision to retire changes your daily life, personally and financially. So, it is crucial to have your finances sorted to enjoy newfound freedom. To do this, you have to stop doing the 15 things shared in this article.

1. Stop Avoiding Difficult Conversations

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When you move toward retirement, you should stop avoiding difficult conversations and be more open to discussing subjects like death and money. According to research, people are more willing to talk about death than cash. A survey by Empower showed that 32% of Americans would rather talk about death, and 24% are comfortable talking about the latter.

2. Stop Neglecting Your Health

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People stop caring about their health when they get old and approach retirement. Health care is a significant expense when you retire, and these expenses can start even before you retire. A Fidelity Retiree Health Care Cost Estimate report shared that an average retired 65-year-old couple will need $315,000 to cover health care expenses. So, to avoid this hefty expense, you should start focusing on your health by prioritizing exercise and change nutrition plan.

3. Stop Taking Financial Risks

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When you are young, taking risks and spending may work in your favor. However, as retirement gets closer, your focus should shift to preserving health and wealth. Avoid taking debt when you are in your 50s and 60s. It could also be a brilliant idea to sit with a financial expert to see if your portfolio has any volatile assets that could mess up your retirement plans. 

4. Don't Stop Learning

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Your brain is like a muscle; you lose it if you don't use it. Most people stop engaging in productive activities when they retire, and you should not do that. It is now becoming clear that keeping your brain active and challenged can lower the rate of dementia. 

5. Stop Resisting Change

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Change is never easy, and it is a significant lifestyle change at any age or time, especially for a person retiring. According to a Forbes report, 83% of people nearing retirement age expect to live their dream life during retirement. Interestingly, the secret to that dream life is the flexibility to do what they love.

6. Don't Sit Idle

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Your body and mind want regular exercise of use; if you do not do it, you might lose your mental or physical abilities. To stay healthy when you age, you must take certain precautions. Push yourself to the comfortable limits and do activities that help you learn new things daily. 

7. Don't Rob Yourself of Sleep

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Good sleep has immense benefits. It can help enhance problem-solving skills and memory, so you should not ignore it at any stage of life. However, adequate sleep becomes more challenging as we age; the reason might be that we are unaware of the things that make it difficult to sleep well. Much information is available online about getting a long, peaceful sleep. Google it and act upon it to achieve better sleep. 

8. Don't Become Socially Isolated

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As we grow older, being alone can harm our health. AARP says social isolation is like smoking 15 cigarettes daily. So, building social connections and actively catching up with friends that matter to us is essential. This is an important thing you must remember to have a happy retirement.

9. Don't Think of Retirement as a Landing

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Don't think of retirement as a landing; consider it a takeoff. Share what you have learned and share your experience with the generations ahead behind you. Instead of focusing on yourself or being a consumer, be selfless and a producer. You must give back to society what you have learned the hard way. 

10. Not Creating a Retirement Budget

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A study by GOBankingRates cited that over 40% of Americans have less than $10,000 for their retirement. Even baby boomers who are soon to retire have admitted that they have less than $10,000 saved for retirement. And if you think your savings are enough, sit for a moment and calculate how long they will last.

11. Selling a Home Too Soon

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You will be excited to sell your home if it is your biggest asset to boost your retirement savings. Before deciding to sell your house, consider the housing market where you live before putting your house on sale. It makes sense if you live in a city with high prices. But it is not wise to sell your home if you live in a town where the price is declining.

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12. Spoiling Your Grandkids

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Yes, you should also stop spoiling your grandkids. Of course, you love your grandkids and want to spend time with them to make special memories. Instead of focusing on bonding, sometimes this means going out in fairy godparent mode and buying up the entire store. It will cost you more than your budget allows.

13. Holding On to Your Second Vehicle

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Although most retired people don't travel much or rely on public transportation due to its affordability. But they still hold onto a second vehicle, which might not be the best idea. It may be due to sentimental reasons, but it is a waste of money if you are not using it.

14. Buying Into Scams

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Even though some things are unnecessary, getting into a scam is easy if a smooth-talking salesperson persuades you. And you end up buying things you don't need. Insurance plans and investments are things people waste money on in retirement every day.

15. Not Doing the Math After a Major Life Event

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When most people retire, they no longer want to deal with numbers. However, after all the savings and planning, they still need to watch their money after they retire—unexpected life events like losing a spouse or getting divorced. You need to pay attention to your finances after such instances.

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The men and women of Reddit share what they believe are the worst things about being a man.

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10 Red Flags That Say “Don't Date Me, Run!”

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The Reddit community compiled a list of red flags in both men and women that should be avoided.

“Barbie Was Right” 10 ‘Girly' Habits Men Should Pick Up As Well

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There are plenty of things, like skincare and moisturizing, that women already do. But why can't men do them too? The Reddit community shared some things they believe men should start doing that women already do.

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Some phrases are overused. Some are just plain annoying. The men of Reddit have come together to share what phrases they hate hearing from women the most.

10 Foods You Should Never Order On A Date

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Going out on a date can be a nerve-wracking experience, and what you choose to order can play a significant role in how the night goes. One Reddit thread asked the question, “What's the worst food to order on a date?” The thread received thousands of responses, and here are ten of the most popular answers.

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