Even if you’ve got generations of family and decades of career success to your credit, it’s never too late to start a new chapter in life. For seniors in retirement, it’s a time that can be used for a variety of moves. Some represent changes in how we live, or even where we live — and with a yearly Social Security Cost-of-Living Adjustment (COLA), any retiree can make these moves more easily.
1. Pick Up a New Hobby
There’s nothing like putting your focus on something you’re passionate about. Retirement isn’t just a time to fall back on the activities you’ve loved your whole life — it’s a perfect opportunity to try a new hobby.
Seniors can engage in DIY crafts, cook new recipes, start a garden, learn to play an instrument, or try a sport. With your Social Security COLA to help support your hobby, you’ll have an easier time getting the supplies and resources you need to get everything out of your newfound pastime.
2. Move to a New Location
Even if you like where you live, retirement is a time to make the move to a location you’ve always had your eye on. Some seniors may think that the rising costs of gas and housing make moves less alluring, but this isn’t always the case.
If the area offers a lower cost of living, a higher level of enjoyment, or both, you may be better served to use your Social Security COLA to cover the moving expenses and spend your days with a fresh change of scenery.
3. Make New Investments
Though the stock market is fluctuating in our extreme economic circumstances, many seniors are still passionate about making investments for the sake of growing their money or their legacy.
Even if you don’t see any stocks you’re excited about, you can always invest in a worthy cause in your community or anywhere around the world. There’s also the option to use your Social Security COLA to invest in your children’s or grandchildren’s future.
Could you use a higher Social Security payment to support lifestyle changes in retirement? We fight for seniors to get fair yearly Social Security COLAs along with reimbursement for years skipped over. Consider signing our petition here then follow us on Facebook and Twitter.
