Many fresh retirees may not know how to maintain their health, finances, or emotional wellbeing after they have finished working. Though many tips for retirement recommend having an emergency fund, only 40 percent of Americans have plans in place in the event of a medical emergency after retirement, according to a survey by the Employee Benefit Research Institute.
But, while making plans for life after retirement can be much more difficult than contributing to a 401(k), it doesn't need to be too much of a hassle. There are ways to live well without emptying your wallet.
Here are five easy tips to help you on your way to a healthy and wealthy retirement.