When it comes to retirement, you have almost endless options in front of you. In a sense, it’s as you discard options that you begin to focus on what you will do and who you will be—or become. One of the options could be to continue to work where you are now.
A Bucket List can be helpful when planning your retirement. What are the things you want to experience in your retirement? Answering that question can help with the bigger retirement picture.
Some things will come easily to mind as you plan your retirement and what you’ll do. They include the holiday; the more relaxed lifestyle; and who you want to spend time with. But it isn’t always as easy to work out what you will do that’s significant in these years.
It might be worth trying the ‘stick person’ approach to work out what’s really important to you in your retirement. Although not designed specifically for retirement, it’s a tool that helps you understand yourself, your different interests, your priorities, and how they fit your personal story.
Traditional retirement planning for couples is fatally flawed and often based on assumptions that, in reality, may not be so. Added to that is the possibility that preparing for retirement may have focused on finances with little thought for anything else.
While many may want to retire early, few will achieve it. In this podcast, we reflect on what’s needed to make it happen. The story of John Wick, who retired at 53 years of age, helps to illustrate what can happen.
Two stories tell of different approaches to retirement. In this podcast we talk about Brenda who refuses to retire and Anne who retired and has become busy volunteering. What will your retirement look like?
The headline captured my attention: ‘Advisor clients 39% a year better off in retirement—research’. It’s talking about a 39 per cent better income in retirement, which could be the difference between you having a comfortable retirement and one where you struggle.
The transition to retirement will bring some surprises—no matter how prepared you think you are. This podcast discussion looks at some of the issues involved.