5 Spring Activities for Retirees

The first day of spring (March 19) is right around the corner. Whether it’s been a mild or not-so-mild winter where you live, we want to share some spring activities for retirees to keep in mind. Now, you might be thinking, “That doesn’t have anything to do with retirement planning. Why is Modern Wealth Management writing an article on spring activities?”

It’s crucial to realize that there are financial and non-financial components to retirement planning. That’s exactly why we’re launching our Your Encore program. Retirement is a time to discover your true identity now that you’re no longer working. You need to plan for the non-financial component of retirement as well so that feelings like boredom and loneliness don’t suddenly take over once you retire. Hopefully these five spring activities can help you start thinking about the bigger picture with the non-financial planning component of retirement.

1. St. Patrick’s Day and Easter Celebrations

There are quite a few of our Modern Wealth team members who are already thinking about summer and spending a lot of time at the lake, especially on fun-filled days like the Fourth of July. But let’s not forget about some holidays to celebrate this spring, such as St. Patrick’s Day and Easter.

Does your town have any St. Patrick’s Day celebrations that you know would be a blast for you and your grandchildren? And what about Easter? You can even set up an Easter egg hunt for your grandchildren in your backyard. Whether you just want to spend the day with your family or do something fun in your community, check and see if your city has anything special planned for St. Patrick’s Day, Easter, or spring in general.

2. Gardening/Landscaping

Speaking of your own backyard, are there any outside-the-house projects that you’ve been looking forward to all winter? For those who enjoy gardening and/or landscaping as spring activities, the wait is almost over (if it isn’t already if you’ve experienced a warm winter). If you’re not quite ready to start gardening/landscaping this spring or if it’s too cold to do so, it’s never too early to start planning for it.

3. Picnic at the Park

Winter is a great time to boost your baking skills and to get cozy by the fireplace with a cup of hot chocolate. But it’s hard to beat eating a good meal outside on a beautiful spring day. That’s why No. 3 on our list of spring activities for retirees is a picnic at the park. So, before your next trip to the grocery store, think about what you would want to eat/drink for your ideal picnic. It’s an easy and enjoyable spring activity for all ages.

4. Spring Sports

Do you love golf, tennis, pickleball, or running? Or maybe you’re a big baseball or soccer fan and can’t wait to watch your favorite team play again? If you’re a big sports fan, you might have said “yes” to all those spring activities. If your grandchildren play spring sports, going to their games is a great way to support them. Your grandchildren might have a favorite team or player that they idolize too. Planning a family trip to the ballpark, soccer stadium, etc. is something that they would likely love every minute of.

5. Spring Break

Your days in the classroom might be well behind you, but that doesn’t mean that you can’t take a spring break vacation like your grandchildren do. If you want to take a large family vacation and pay for all of it, that is something you need to take some time and plan for. This illustrates how your goals (non-financial planning) are at the heart of your financial plan. If traveling—especially with your loved ones—is one of the most important things to you, let’s plan for it.

If you’ve been hesitant (or know someone else who has been hesitant) to take a large family vacation due to the cost of it, do you have a financial plan? Think of a financial plan as a permission slip. Maybe you want to take an annual spring vacation. This is why it’s important to have a spending plan for retirement—otherwise known as a budget—that shows you the expenses of your needs, wants, and wishes in retirement.

If you’re adding those vacations to an already existing financial plan, how (if at all) does it impact your plan’s probability of success? If the impact is minimal, then your permission slip has been signed. And if it does impact your plan a bit, let’s look into potential tradeoffs so you can still take the vacations. The same goes for other spring activities that enjoy that are a big expense.

Have Any Questions?

Hopefully this list of spring activities has given you some ideas for how to make the most of this spring. If you have any questions about building a plan that’s built with your goals top of mind, start a conversation with our team below.

Schedule a Meeting

We’re passionate about helping people have more confidence that they’re doing the right things with their money so that they have freedom from financial stress and more time to spend doing the things they love. If these spring activities are among those things that you love, let’s make sure you have a plan in place that allows you to do them without financial worry.

Resources Mentioned in This Article

Investment advisory services offered through Modern Wealth Management, LLC, an SEC Registered Investment Adviser.

The views expressed represent the opinion of Modern Wealth Management an SEC Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.