Start Your New Life Right: Marrying in Your Golden Years

Marrying in your golden years can be a blessing. You enter the relationship with more confidence and understanding of how to have a successful relationship. In addition, you also have different concerns than younger couples may have. Discovering how to navigate a relationship in your golden years is part of the journey — and this article from Hal Salazar of Elders Today can help.

Set Aside Time for Financial Planning

As you retire, you have to start planning for your financial future. You may require help from a 401(k) calculator to help you determine your savings and what you need to budget. As you introduce a new spouse into the equation, you have to discuss your finances together. How will marriage affect your retirement income? Do either or both of you have Medicare? Sit down and talk about your finances before you marry. According to the experts, you must discuss how you want to manage your money daily. Determine whether you plan to merge all of your money or keep some of your finances separate.

Build Your Social Group

Social isolation has various health risks. While you may be able to combat some of those risks with your new spouse, the two of you need to find ways to connect with friends and family. Seniors who have fewer friends and family tend to have a higher chance of developing cognitive decline, heart disease, and high blood pressure. To stay in touch with your friends and family, plan regular outings with your spouse. Go to dinners throughout the week. When you go out with your partner, you have a higher likelihood of turning acquaintances into friends. There are also various clubs that you and your spouse can join together. For instance, if you love birdwatching, you can join clubs to connect with others who share your interests. Consider finding a new hobby that you can share with your spouse as you build a life together.

If you struggle with independent living, you may find it more challenging to spend time making new friends or starting new hobbies. Consider receiving care that can help you live independently.

Live Your Dreams

If you and your spouse dream of running a business together, retirement is the time to make it happen. When you start a business, you naturally have to spend more time together and, in addition, have a chance to pad your income. When you start a business during retirement, you do not have to have a regular 9-to-5 day job. You choose when and how much time you put into your work. Performing consultations and freelancing allow you to offer your skills on your schedule.

Consider a company you feel passionate about. Common choices include coaching or consulting. You can use the skills you’ve gained throughout the years to help others and, in turn, profit from them. If you start a business, consider the benefits of establishing an LLC. LLCs have several benefits, including less paperwork, tax advantages, and limited liability. You can then turn your attention to other aspects of your business, such as creating a striking logo that will grab people’s attention (tools online can help you make custom logos for free using pre-made templates). You can then take your logo and incorporate it into different aspects of your marketing, from promotional flyers to social media.

To navigate your marriage, ensure you and your spouse share the same goals and stay on the same page from the beginning of your marriage. The two of you can live your dreams and make the most out of your senior years.

See also:

Aging with Disability