Before you dismiss this column because you’re part of a couple, just consider that an unexpected accident or serious illness could make you a single again.
Being a single retiree is quite different and it offers both advantages and disadvantages. In this column I’d like to quickly run through some issues you might like to think about.
You’re in charge. You make all the decisions and you can do whatever you want to do without having to compromise. The down side is that you don’t have the practical advice and emotional support of a partner. For this reason it’s important for singles to develop a support group or network. If you’re single as a result of a death or divorce, you’ve probably had to reinvent yourself as a single person and make some new friends to suit your new lifestyle. There are plenty of groups out there that you can join – you just have to make the effort.
Finances. Your financial security is your responsibility. If you don’t know much about handling money, it’s a good idea to get some competent advice, even if it costs you money. It’s an even better idea to develop your financial knowledge so you can adequately control your own finances. You’ll need to work on building a sizable superannuation account and take out Trauma and Income Protection insurance as you don’t have a second salary to fall back on in time of emergency.
Staying Single? Some people choose to be single while others find themselves in this state unexpectedly. If you would prefer to be in a relationship, the advent of internet dating makes finding a potential partner somewhat easier, especially if you live in a metropolitan area. The choice is far more limited in regional centres. There are plenty of over 50s sites around and you’ll find that over 50s are big users of dating sites. Obviously you need to be careful and take things slowly.
Get involved with the community. It’s easier for singles to become isolated. Take an active interest in life and join like-minded groups. If you’re open to new people and ideas, you can make new friends, have a good social life and build up a local network. This keeps life and you interesting. Try to always have something to look forward to.
Stay Healthy. Good health is even more important if you’re single. The ingredients are – a healthy diet, regular physical and mental exercise, control stress and have a positive attitude. Getting older doesn’t have to mean getting frail and sick.
We have two books that offer more information and advice if this article is of interest to you. One book is about being single and retired and the other is about staying healthy