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The process for buying an annuity is not as daunting as it sounds.
Afterward, retirees receive a regular stream of income from their insurer for the rest of their lives.
Making this purchase, Buckingham said, provides retirees with peace of mind.
Making this extra investment in fitness allowed the couple to maintain their strength, health and vitality.
Of course, not every retiree may have enough money to hire a personal trainer and thats OK!
Urban recommends joiningfitness groups and clubs, or participating in social sports like golf or pickleball.
They may contribute to financing a home purchase or help pay for education.
Community
A few years ago, we wrote about the changing definition of retirement.
Todays retirees are less likely to answer the question what do you do?
with Im retired once they retire.
Williams said she likes to ask clients if there are any nonprofit organizations or communities they like to support.
Retirees with enough financial bandwidth may give back via charitable giving.
This allows them to experience joyandsavings on their tax bills.
Those that have alittle less moneycan still give back to their favorite community organizations.
Retirees, Williams said, may contribute their time and resources at spaces like churches or local clubhouses.
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