5 Perks To Growing Older You May Not Have Known
So, you’ve hit your 30s or perhaps your 40’s. Congratulations! You’re now officially an adult. And with that comes a slew of benefits, some of which are probably unknown to you. In this blog post, we’ll be exploring perks to growing older that you may not have known about. From gaining experience and wisdom to learning how to let go and move on, read on to find out what makes growing older such a rewarding experience.
You Can Retire Earlier Than You Thought
Did you know that you can retire earlier than you thought? Here are some perks of growing older that may surprise you:
1. You’ll be more financially secure. As you get closer to retirement, your income will likely increase due to the fact that you’ll no longer be working as hard. Additionally, Social Security benefits will continue to grow, providing a significant amount of financial security in retirement.
2. You’ll have more time for the things that matter most. When you’re younger, it’s easy to put work at the forefront of your life and miss out on important milestones – like spending time with family and friends. As you get older, you’ll have more time to devote to important relationships and activities.
3. You’ll have fewer health concerns. Oftentimes, as we age, our health declines – especially if we don’t take care of ourselves early on in life. This can lead to numerous health problems in later years, including arthritis and heart disease. However, by taking good care of yourself now, you can significantly cut down on your chances of experiencing these issues in later years.
4. You’ll feel happier and more satisfied with your retirement lifestyle. When you’re young, it’s easy to go through the motions and stay busy without really taking advantage of what retirement has to offer – like freedom from working every day hours and being able to travel wherever you want (or need).
You Can Have More Fun in Your Retirement Years
As you near retirement, you may be wondering what life will be like once you stop working. Many people think that retirement means a life of sitting around doing nothing, but there are plenty of ways to have more fun in your retirement years. Here are some perks to growing older you may not have known:
1. You can travel more. A lot of people retire and think that all they want to do is sit around and watch TV. But retiring doesn’t mean giving up on your dreams – it just means taking a few years to travel the world. If you’ve always wanted to see the world, now is the time to do it!
2. You can stay active into your nineties or beyond. Retirement doesn’t mean that you have to give up your hobbies or interests – in fact, staying active can be a great way to keep your mind sharp as you age. There are plenty of activities available for seniors, from golfing to swimming – so there’s something for everyone!
3. You can spend time with family and friends more often. One of the best things about retirement is getting to spend time with your loved ones more often – whether that means going out for dinner or catching up on old times over coffee. Plus, if you’re close with your family members now, chances are they’ll still be around when you retire so there’s no need to worry about running into them by accident!
Seeing Your Family More Often
There are plenty of perks to growing older you may not have known. For example, spending more time with your family. According to a study published in The Journals of Gerontology, Social Sciences and Medicine, adults who are married or living with a partner report spending more time with their families than those who are not married or living with a partner.
Additionally, adults who are the primary caregivers for children or elderly relatives also spend more time with their families than those who are not the primary caregivers. These findings suggest that growing older can lead to increased family time.
In addition, these studies found that adults who could maintain close relationships with their families experienced better mental and physical health outcomes. Therefore, taking advantage of opportunities to spend more time with your family is beneficial both emotionally and physically.
You Can Save More Money on Your Retirement
As you near retirement age, there are plenty of perks to growing older that you may not have known about. For example, most people don’t realize that Social Security benefits increase as you get older. In 2017, the average monthly benefit was $1,296.52. Here are three other things you can expect as you age:
You’ll likely be able to retire sooner than you think. For many people, retirement is 55 or 65 years old. However, if you’re fit and enjoy working despite your age, you might be able to retire at 50 or even earlier.
Your health will likely improve over time. As we get older our bodies naturally start to heal faster and our resistance to illnesses decreases. This means that we’re more likely to avoid serious health problems like heart disease and stroke in later years.
You might qualify for a higher Social Security benefit than you thought possible. If your full retirement age (FRA) is 66 or 67 but you’ve reached the “early retirement” phase (before FRA), your Social Security income will be increased by up to 6 percent per year based on your work record up until that point in time.
You Can Avoid Making Unwise Financial Decisions in Your Late 30s and 40s
In your late 30s and 40s, you may be feeling like you’re starting to hit your stride in life. You may be optimistic about your future and believe that anything is possible. However, it’s important to keep in mind that your financial situation may not be as stable as you think. Here are some things to keep in mind when making financial decisions in your late 30s and 40s:
When you’re in your late 30s and 40s, it’s important to start thinking about retirement planning. If you’re not saving for retirement now, you’ll likely need to start sooner rather than later if you want to have a comfortable retirement. Additionally, make sure you have an understanding of all of your options so that you can choose the best one for you.
Maximize Your Income
As you approach middle age, it’s essential to focus on increasing your income potential by doing what you can to improve your career prospects. If possible, try to find a job that offers growth opportunities and higher paychecks. Additionally, don’t forget about tax breaks – many items and services are now eligible for the free or reduced cost through the government’s various tax breaks programs. By taking advantage of these programs, you can save money on expenses every month.
Manage Your Debt Load Wisely
If you’ve been keeping up with your debt payments throughout the years, congratulations! However, don’t let this achievement lull you into a false sense.
There are many benefits to growing older, which you may not have known about. For starters, growing older can give you more experience and knowledge than you ever could have imagined. Additionally, with age comes wisdom and a greater understanding of life.
Growing older also provides the opportunity to reflect on your life and make meaningful changes for the better. Plus, as you get older, you’re less likely to suffer from physical health problems or mental decline. In sum, there are plenty of reasons why aging can be a rewarding experience. If you’re looking to enjoy life to the fullest, it’s important to remember that growing older is one of the key steps towards doing so.