You should consider how you want to live as a retiree. What kind of lifestyle is going to suit you in your golden years that allows you to reap the rewards you’ve earned through your working life?

Whichever way you decide to spend your retirement years, managing your assets wisely will make that time more fulfilling and enjoyable. As you move ahead, get all the information you need before making any big decisions. Click on the ▼ buttons below to see additional lifestyle changes:

RELOCATE

If you’ve ever wanted to live near the ocean, in the mountains, closer to family or just downsize, then retirement may be the perfect time to transfer to a new location. Here are some factors to consider:

  • Cost of moving
  • Taxes and cost of living
  • Types of housing
  • Climate and amenities
  • Proximity to medical care

TRAVEL

Many retirees not only seek a complete break from work, but they also want to do all the things they put off while they were working. Traveling is a big one, whether it’s to see the world, the United States or long-distance family.

The key is planning, and to get as specific as possible about your goals. How many trips do you see yourself taking? Where would you like to go? How would you like to travel? Once you have an idea, add up the potential costs. Including them in your retirement savings plan now can increase the odds that your retirement budget will match your wanderlust when the time comes.

HOBBIES

Hobbies not only help you keep your physical and mental health in check, but they also allow you to learn new things, help push you to stay busy, but it will help rekindle an interest that you used to do but stopped or pushed aside. Hobbies can help keep your brain sharp, your body active and your time fulfilling.

VOLUNTEER

Many retirees turn to volunteering as a way to spend their free time, socialize with others, give back to their community and stay healthy. Research shows that volunteering has real, measurable benefits, such as:

  • Lowering the risk of developing health problems like dementia1
  • Happier, less depressed, and more independent1
  • Reporting a decrease in chronic pain symptoms after starting a volunteer position2

If you’re interested in becoming a volunteer, you have plenty of options. Whether you want to try it once or jump into a regular volunteer position with both feet, you can find a volunteer program that’s right for you!

  1. https://www.nia.nih.gov/health/participating-activities-you-enjoy-you-age

  2. https://www.mayoclinichealthsystem.org/hometown-health/speaking-of-health/3-health-benefits-of-volunteering

Neither Voya® nor its affiliated companies or representatives provide tax or legal advice. Please consult a tax adviser or an estate attorney before making a tax-related investment and/or insurance decisions.

The information contained on this website is intended to summarize at a high level some of the provisions under the Trinity Industries, Inc. 401(k) Plan (the “Plan”). It is not intended to provide a full description of the Plan. In the event of a conflict between the official Plan document and this website, the official Plan document is controlling.

Plan administrative services provided by Voya Institutional Plan Services, LLC (VIPS), a member of the Voya® family of companies.

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