Every year during RRSP season we hear about the importance of saving for retirement.
Did you know the best investment you can make for an active and independent future might be in your social circle? Research shows that having strong social networks and a sense of purpose make a difference in your health in retirement.
Planning ahead and thinking about future finances and social connections, along with health, housing and transportation will give you the best chance for good health in your later years.
Here are five investments you can make now if you are thinking about retirement:
- Spend some time choosing how you will spend your days when you retire. Being socially active or contributing to your community will help keep you healthy and happy.
- Consider your housing. Most people want to stay in their own home and community. What might you need to age in place?
- Plan how you will get around your community. What transportation options are available?
- Think about financial planning to enjoy the lifestyle you want in retirement. Even if you start late, or don’t earn a high income, a plan that includes your income sources and future expenses gives a clear picture of what to expect.
- Invest in your future health and wellness to stay independent and active. You can prevent and slow down illness by eating nutritious foods, being physically active and keeping your mind strong.
All it takes to get started is an investment of a little time now.
For inspiration and ideas, check out videos of five British Columbians from different walks of life sharing their thoughts and experiences as they prepare for healthy aging.
If finding time now is a challenge, try it a little at a time. Visit Aging Well, a tool kit with information and tools to help you learn and plan, then come back again to explore a little more.
Before you know it your investment will pay off in the retirement of your dreams.
Author’s Bio: Doni Eve is a manager in the Ministry of Health, Population and Public Health Division. Among other projects, her work has involved creating tools and programs to support healthy aging.