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Hello,
We’re proud to consider ourselves retirement specialists and that means so much more than your investments. We’re interested in your whole life not just your financial one. And that’s what brings us to our topic today – staying connected in retirement.
Retirement is a significant life change. After years of structured schedules and work commitments, you finally have the freedom to do what you want, when you want.
But with this newfound freedom comes the challenge of staying socially connected. Many retirees find themselves missing the daily interactions they had at work. That's where the power of community comes in.
The Importance of Staying Connected
Staying connected in retirement isn't just about having fun (though that's a big part of it!). It's also crucial for your health and well-being.
Studies have shown that social interaction can help reduce the risk of depression, anxiety, and even cognitive decline. In other words, staying connected can help you stay healthier and happier for longer.
Finding your community
So, how do you stay connected once you've retired? Here are a few ideas:
Join Clubs and Organizations
Think about the activities you enjoy or have always wanted to try. Whether it's gardening, reading, hiking, or painting, there's likely a club or organization you can join. These groups are a fantastic way to meet people with similar interests and build new friendships.
Volunteer Your Time
Volunteering is a great way to give back to your community while also meeting new people. Look for opportunities that match your skills and interests, such as helping at a local animal shelter, mentoring young people, or participating in community clean-up days.
Take Classes
Many community centers, colleges, and universities offer classes specifically for retirees. These can range from fitness classes to art workshops. Taking a class can be a fun way to learn something new while also meeting people who share your curiosity.
Stay Active
Physical activity is a great way to meet people and stay connected. Join a local gym, participate in a walking group, or take up a new sport. Staying active helps keep you healthy and provides opportunities for social interaction.
Use Technology
While in-person interactions are invaluable, technology can also play a role in staying connected. Use social media, video calls, and online forums to keep in touch with friends and family or to meet new people with similar interests.
Embrace the Power of Community
Retirement is a new chapter in life, filled with opportunities to connect and engage with others. By finding and nurturing your community, you can enjoy a fulfilling and socially rich retirement.
Remember, staying connected isn't just about keeping busy—it's about enriching your life and the lives of those around you. So get out there, join a club, volunteer, take a class, and embrace the power of community!
Until next week
Your Eagle Wealth Team
P.S. What makes a good life? Watch this TED talk to learn valuable lessons. We've shared this talk before, but its message is powerful enough to revisit.
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Mixed Economic News
All three averages began the week with gains, including new highs for the S&P 500. However, stocks posted only modest gains on Tuesday as mixed economic data came in. Retail sales rose 0.1 percent—less than expected, although better than in April when sales fell.2,3,4
Markets were closed for the Juneteenth holiday on Wednesday.
As the week ended, it was the Dow’s turn to lead as sentiment shifted on mega-cap tech names as investors again questioned the sustainability of AI market drivers. Home prices hit a new high in May—this, paired with high mortgage rates, caused existing home sales to fall for the third consecutive month.4,5
A Notable AI Driver
Some investors and market analysts are examining the underlying long-term drivers of AI more closely, given its outsized impact on market averages like the S&P 500 and Nasdaq.
One such underlying driver is “DRAM”: Dynamic Random Access Memory, the AI-turbocharged version of a RAM semiconductor, more commonly referred to as “memory chips.” Companies making DRAM chips are an essential part of the AI ecosystem. Expect attention to shift to prominent DRAM players as they report earnings in Q2.6
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Any companies mentioned are for informational purposes only, and this should not be considered a solicitation for the purchase or sale of their securities. Any investment should be consistent with your objectives, time frame, and risk tolerance. Source: YCharts.com, June 15, 2024. Weekly performance is measured from Monday, June 10, to Friday, June 14. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.
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