Retirement is often seen as a time of freedom and relaxation, but it can also bring a sense of loss—whether it’s the structure of daily work, social interactions, or the sense of purpose that comes with a job. That’s why many retirees look for ways to fill the void, and for some, adopting a dog is the perfect solution.
Dogs offer companionship, loyalty and affection, and their need for daily routines can help provide retirees with structure. Plus, having a dog can benefit your physical and mental health by encouraging exercise, reducing stress, and boosting overall well-being.
However, dog ownership is a big commitment. It’s not the right fit for every retiree. If you’re in or nearing retirement and considering adopting a dog, here are five essential things to think about before bringing a furry friend into your home.
1. Your Budget
Living on a fixed income is common for many retirees, so it’s important to evaluate whether a dog fits within your financial plan. The cost of dog ownership can range from $1,270 to $2,803 annually. This includes expenses for food, vet visits, grooming, and training. Additionally, emergency vet bills can be significant if your dog faces health issues or accidents. Make sure you have a solid understanding of these ongoing costs, as well as an emergency fund, before deciding to adopt.
2. Your Schedule
Retirees often have more free time, but some may still have part-time jobs, volunteer commitments, or responsibilities like babysitting grandchildren. Dogs need a significant amount of attention. Experts recommend that dogs receive at least two hours of social interaction daily, and they should never be left alone for more than six to eight hours at a time. Consider whether your daily routine will allow you to meet these needs. If you travel frequently or are away from home often, dog ownership might require additional planning.
Related: 6 Tips for Carig for Pets in Retirement
3. Your Home and Living Space
Before adopting a dog, assess your living situation. Does your home have enough space for a dog to move around comfortably? If you live in a rental, check whether pets are allowed. Additionally, do you have a yard or access to safe areas for daily walks and bathroom breaks? Larger or high-energy dogs often require more space to roam, while smaller breeds may do well in apartments. It’s essential to ensure your home and surroundings are suitable for a dog’s needs.
4. Your Travel Plans
Many retirees dream of traveling, but owning a dog can complicate this. Kennels or boarding services typically charge $30 to $50 per night, and hiring a dog sitter can be even more expensive. While some retirees bring their dogs along on trips, it requires extra planning, and travel with a dog can increase the cost of vacations. Consider how dog ownership might impact your ability to travel and whether you’re willing to make adjustments to accommodate your pet’s needs.
5. The Future
Dogs live, on average, 10 to 13 years, depending on their breed and size. While it’s hard to think about, you’ll want to consider what will happen if you are no longer able to care for your dog due to health issues or other life circumstances. Do you have a family member or friend who could step in to help care for your pet? Having a backup plan in place, such as a pet trust, ensures that your dog will be well cared for, even if you’re unable to do so in the future.
Is Dog Ownership Right for You in Retirement?
A dog can bring boundless joy and companionship into your life, but it’s important to think about how it fits into your retirement plans. If you decide that dog ownership is the right choice for you, consider adopting from a shelter as there are millions of dogs waiting for a loving home. Just remember to take the time to evaluate the practicalities of dog ownership to ensure you can provide a happy, healthy life for your new furry friend.
Want more? Check out this blog from Colonial Penn, part of CNO Financial Group’s family of brands, Adopting Pets Later in Life: 7 Steps to Take.
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