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Considering Retirement?

People talk a lot about how important it is to have a passion for the work you do, but sometimes even the things you have a passion for can lose some of their attraction over time. If you feel this way perhaps you are starting to consider retirement.

time to retire clock

I love my work, but right now the prospect of being on a permanant holiday – the traditional form of retirement – is so very appealing.

Relaxing holiday

I have spent two weeks over Christmas and New Year relaxing and doing what I wanted to do when I wanted to do it, with few constraints.  Certainly I spent many hours preparing, cooking and serving food for a few days around Christmas, and that’s hard work but it’s also a labour of love.

I didn’t achieve much but I wasn’t bone idle the whole time. We went boating for several days and that always involves some physical exertion.  I swam and did gentle aquarobics two or three times daily, often for up to an hour.  It was a beautiful way to spend the time, almost meditative and certainly very relaxing.

What it boils down to is that when I was “on holidays” I could read until late if I felt like it (often), sleep until late if I wanted to (never), eat at all the wrong times (regularly), immerse myself in the pool (consistently), listen to good music (constantly) and almost never feel rushed for time. I loved all that.

Choosing between a traditional retirement and a retirement lifestyle business

Yet I have always protested that I didn’t want to retire from my business until I was well beyond the traditional retirement age. I feel concerned that I would lose my sense of purpose and would no longer be doing the things I love to do.

Perhaps I have been looking at all that from the wrong angle. Perhaps the things I love to do in my working life are an important part of who I am, but the things I love to do in my holidays reflect the essence of me.

So the reality is here and I need to get on with things.  It’s a new year with new and ongoing business commitments.  It’s a year in which I intended to achieve a great deal.

Am I really considering retirement?

Could it be that I’m just feeling the “post holiday blues” and need to shake myself out of it?  Or perhaps I am being given new insights into how people feel when they start to think they’d like to retire. As a career and transition coach for baby boomers I see the irony in my feeling the pain so I can better understand the pain of my clients.

Are you feeling similar thoughts going back to work?  And is it making you start to wonder if retirement might not be a bad idea?

My solution

My solution has been to create a hybrid retirement lifestyle – part income producing, part traditional retirement. It’s working for me because I love the mental stimulation, the challenge and the fun of learning new ways of doing things. But I also still enjoying our travel, sailing and generally great lifestyle especially having time to spend with our gorgeous grandchildren. I guess I’m considering retirement, but on my own terms.

The business commitments take up time, of course, but they don’t dominate my life. It’s as if I’ve have taken up a new hobby in our retirement, something like genealogy or writing a book, which many people do. It just happens that my “new hobby” is bringing in an income to enhance the lifestyle. Win-win!

If you are wondering what sort of retirement will suit you best, download our retirement planning guide – Create A Future You Will Love – today!

 

Jenni Proctor

Hi, I'm Jenni Proctor from Boomers Next Step. Remember when the formula for success in life was simply to strive for good marks at school, gain qualifications, get a great job, work hard and save for your retirement? Yes, I believed it too! For years my husband David and I wanted to develop a business that we could operate anywhere in the world, but both of us were educated to be employees.  We had entrepreneurial dreams and ideas, but still had employee mindsets. 14 years ago I took the giant leap!  I left my job in Education to start a business as a Career Counsellor and Coach, helping mature adults transition from one career path to another, and particularly from employment to entrepreneurship.  I had studied long and hard to gain new qualifications but sadly I hadn’t learnt how to market my new business. About 12 years ago we realized that we were not tracking well towards having the sort of retirement we wanted. We’d saved; we’d invested; and like so many other people we’d also lost some money along the way. It didn’t help that my business was not bringing in as much as I had been earning as an employee. Our dreams of extensive travel and helping our family were being replaced by a growing concern that we would outlive our savings. It seemed that a traditional retirement would not allow us to maintain the lifestyle we wanted. I love helping people plan the next phase of their lives, but we realized that was not going to be enough.  We needed a way to create an income stream that would pay for the travel and other lifestyle luxuries we wanted, that would provide mental stimulation, and would interest us both.

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