ARTICLES | UPDATES

We would love to hear from you on Over 50 topics you would like us to write about. 
Email us at coloradospringsover50@gmail.com 
  COLORADO SPRINGS OVER 50
  • Home
  • GALLERY
    • Gallery
  • News / Articles / Events
    • Articles
    • Events
    • Join Mailing List
    • Press Releases
    • Newsletters
  • Community
    • Directory
    • Professional Networking Links
    • Senior Retail Discounts
    • Senior Food Discounts
    • Senior Grocery Discounts
    • Over 50 Clubs & Activities
    • Continuing Education Opportunities - Over 50
    • Things To Do
    • Business Catalogs
  • |
  • Membership
    • Join Us Today
    • Member Advertiser's Area
    • Coupons
    • ^ Fan Page
    • Advertising Value Report
    • Chamber’s Welcome Center
    • Member Support
  • Contact
  • Login

13 Tips for Retiring Alone

4/5/2022

0 Comments

 
Picture

Do you feel that the world is designed for couples? Let's face it - retirement and aging can feel scary when you are on your own. This also applies if you become a Solo Senior or Elder Orphan during retirement.

Whether by circumstances or choice, the U.S.Census Bureau estimates that there were 19.5 million unmarried U.S. residents age 65 and older in 2016. Experts estimate that around 23 percent of the older population nationwide will age alone and that percentage can be much higher – as high as 50% – in many cities.  These aging adults are often referred to as elder orphans or solo seniors.

'Elder Orphans' are older people who don't have a spouse or children they can depend upon. 'Solo Seniors' are older adults who are living alone and don’t have children. In either case, this is a population of older people who don’t have a safety net if they need support, whether that’s physical, emotional or practical.

While being single was once stigmatized as a lonely or unhappy state, times have changed, and more and more people are staying single and societal norms are becoming more open to all kinds of different ways of living.

About 28% (14.7 million) of all older adults living in the community in 2019 lived alone (5 million men, 9.7 million women). They represented 21% of older men and 34% of older women. The proportion living alone increases with advanced age for both men and women. Among women age 75 and older, for example, 44% lived alone. Source...

There are challenges to retiring alone.  Here are a few tips for navigating retirement on your own:

1. You need a personalized plan. A detailed retirement plan can be easy to create. The New Retirement retirement planning calculator has received a lot of praise for being a highly detailed tool.

2. Overcome your financial insecurities. According to a study from Northwestern Mutual, “overall, single men and women are generally less satisfied with their financial circumstances than married Americans.”

3. Maintain a schedule. Experts suggest that a major contributor to aging after retirement is the lack of the schedule that a job provides.  When you retire - especially if you live alone - having a place to go every day can be an important aspect of staying vital.

4. Special note for people who become single after retirement. Whether you are married now or not, it is important that you try to educate yourself about personal finance.

5. Consider adopting a pet. The research on the benefits of owning a dog is overwhelming and are particularly true if you are single.

6. Cultivate a support network. Maintaining friendships is critical to your health and well being. You need people you can rely on emotionally and science says that you are way better off when you have people who rely on you.

7. Stay social. There are benefits of being social as we age. loneliness may have twice the impact on early death as obesity and is as damaging as disadvantaged socioeconomic status.

For the remaining '13 Tips for Retiring Alone' - click here...








0 Comments



Leave a Reply.

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018

    Categories

    All
    Baby Boomers
    Baby Boomers Reminiscing
    Eat And Drink
    Exercising The Mind
    Finances
    Healthy Living
    Holidays
    Home Decorating
    Housing Option
    Recipes
    Things To Do
    Travel

    RSS Feed

Colorado Springs Over 50 Logo

Contact

Cell(s):  719.244.6798 or
​720.530.4097
Email Address - coloradospringsover50@gmail.com 
Website Privacy Policy | Site Map
Technology by Chamber Nation
  • Home
  • GALLERY
    • Gallery
  • News / Articles / Events
    • Articles
    • Events
    • Join Mailing List
    • Press Releases
    • Newsletters
  • Community
    • Directory
    • Professional Networking Links
    • Senior Retail Discounts
    • Senior Food Discounts
    • Senior Grocery Discounts
    • Over 50 Clubs & Activities
    • Continuing Education Opportunities - Over 50
    • Things To Do
    • Business Catalogs
  • |
  • Membership
    • Join Us Today
    • Member Advertiser's Area
    • Coupons
    • ^ Fan Page
    • Advertising Value Report
    • Chamber’s Welcome Center
    • Member Support
  • Contact
  • Login