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There are several reasons why it is important to preplan for your retirement years, but most only think of financial planning. Some other things you may want to preplan for when you retire include:

1. Healthcare and insurance: Evaluate your healthcare needs and ensure you have appropriate insurance coverage for medical expenses during retirement. This may include Medicare, supplemental insurance plans, or long-term care insurance.

2. Travel plans: If traveling is a priority for you in retirement, preplan for your travel adventures. Consider destinations, budgeting, and any necessary arrangements such as obtaining passports or visas.

3. Home maintenance and modifications: Assess your current living situation and determine if any modifications or repairs are needed to make your home more suitable for aging in place. This could include adding handrails, ramps, or upgrading appliances for better accessibility.

4. Legal and estate planning: Review and update important legal documents such as your will, power of attorney, and healthcare directives. Ensure that all your assets and belongings are properly accounted for and that your wishes are known and documented.

5. Social connections: Consider how you will maintain and foster social connections in retirement. This could include joining clubs, organizations, or social groups, as well as proactively staying in touch with friends and family.

6. Personal growth and hobbies: Think about how you will continue to learn and engage in activities that bring you purpose and joy in retirement.

7. End-of-life planning: It’s important to preplan for end-of-life decisions and communicate your wishes to your loved ones. Consider creating an advance directive or living will to outline your preferences for medical care and appoint a healthcare proxy to make decisions on your behalf if needed.  Click here to understand what the Hospice and Palliative Care benefit offers, and know the trusted hospice and palliative care organizations in your community.

8. Senior Care resources: What are the trusted resources in the community and know who you will want to choose on your behalf if needed.

By preplanning for these aspects of retirement, you can ensure a smoother transition and enhance your overall well-being and enjoyment during your retirement years.

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Renee Wiard

Author Renee Wiard

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