Have you ever wondered, or thought to yourself, about what life would be like after retirement? What happens after you retire? What do you do? How do you take care of the bills that you have then? Everyone wonders about what life will be like once they retire, even people like Father George Rutler are curious about it.
First of all, while you are working, you are normally putting money back towards your retirement. The money that is for your retirement is your 401k plan. All that money being saved in it, builds up, year after year that you’re at your job. Some jobs match what you put into your retirement fund as well, which is great if they do. It helps your account, and balance grow faster. Don’t cash out your 401k, or borrow any money against it, unless you just absolutely have to. It takes away money that you’re saving for your retirement. You want to have as much as possible.
You also need to consider how much your bills will be a month after you retire. You want to make sure that you have enough money to live on in your 401k, before you decide to retire. Try getting as many bills paid off as possible before you retire. Utility bills are obviously monthly, and cannot be paid off. Just make sure you have enough money in your retirement account to live on, before you choose to retire.
What do you do after you retire? Pretty much, whatever you want. You don’t have to work anymore. You have your 401k funds now to take care of your monthly bills, and if you save wisely, you will have enough to travel, or do things with. So, you can take trips to places if you would like to, or you can camp.
Just do whatever you want during your retirement. This is your time of peace, relaxation, and freedom. You worked your whole life, and saved your money to be able to retire. This is your time. If you choose, you can stay home, and do things around your house, maybe visit your friends and family. Do whatever it is that makes you happy, and brings you the most joy. You worked hard for it. Put in the time and effort that it took, so that you were able to retire.
When you retire the most important thing to remember is that this is your time to relax. You have literally worked your entire life for this moment, and it is finally here, take advantage of it. Have fun, and do all of the things that you want to do. Make sure you have a 401k plan, and are putting money out of your paycheck towards it, with every paycheck that you get. See if your employer will match what you put in. This helps secure your future retirement. Hopefully you see what you should expect after you retire, even Father George Rutler will find this information valuable for him to know.