It is always a good idea to have a plan.
These retirement tips for veterans have been provided by One Reverse Mortgage.
One Reverse Mortgage is a Quicken Loans Company 
More seniors are using reverse mortgages to eliminate their mortgage payment and get extra income every month.
- Assess your current financial situation and determine roughly how much money you’ll need throughout your retirement. There are several online calculators that can help you with this.
- Decide whether you can afford to stay in your home. If you still have a mortgage payment or if your monthly income isn’t enough for you to live you, consider downsizing or calling one of our reverse mortgage experts to discuss your options.
- Pay off your debt. This includes credit cards and any outstanding loans you may have. Pay more than the minimum balance to ensure your payoff timeline occurs within a reasonable time frame.
- Consider working part time at a location that’s close to home and preferably in an atmosphere you would enjoy such as a flower shop, hardware store or bakery.
- Take a look at your 401K portfolio and determine if your investments are too conservative or aggressive. A financial planner can assist you with this.
- Spend your free time doing activities you love. This is your time to focus on you and the things you want to do. Enjoy it!
- Get regular check-ups. Prevention is key to maintaining your health.
- Take a vitamin and stay physically active. An exercise regimen of 3 days a week is recommended for people of all ages.
- Get involved in volunteer work or within a local group, such as a book or card club. Being a part of a group or mission will help you transition from working full time to being retired.
- Live within your means. Make a budget and stick to it for groceries, miscellaneous and entertainment expenses. This will ensure you’ll have enough money to last through each month.