If you don’t plan what you will do with your extra time in retirement, you could become depressed and may end up spending more than you planned in an attempt to fill your time, said Byrke Sestok, president of Rightirement Wealth Partners in White Plains, N.Y.
To prevent boredom in retirement, Sestok recommends making a bucket list of all the things you wanted to do while working but never did. They can include volunteering, exercising more, learning a new skill or language or developing a hobby. “This is the time to pursue those activities, and jumping right into the retirement mindset is likely to provide satisfaction,” he said.
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