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How to “gear down” and move from work to retirement
We hear about saving for retirement, and we hear about life after work – but what about those key transition years?
An article in Forbes recommends 10 key steps to transition from work to retirement.
First, author Nancy Anderson writes, you should take more vacation. Most of us take two or three weeks off per year, but “when you retire, you suddenly have 52 weeks of unoccupied time on your hands.” Getting used to more time off while you are still working, she notes, makes good sense – and why wait until you are retired to travel?
Second, she recommends trying to work less than full time in your last years on the job. A US study, Anderson writes, found that one in five Americans reported their employers “allowed workers approaching retirement to switch from full-time to part-time work.” Again, she notes, the idea is to get used to having more time to yourself – gradually.
Next, Anderson advises spending four full seasons in the place where you want to retire. “It’s much different living in a tourist destination than vacationing there,” she warns. Make sure you are OK with your new, forever home, she advises.
Her fourth point – “transition to retirement by making new friends who also enjoy your favourite activities” – emphasizes the need to have strong social connections when you retire. And as a fifth point Anderson advises that people “rekindle old hobbies or start new ones.”
Point six – if you are thinking of moving when you retire, consider doing it now rather than at 65. “Great jobs in popular destinations are hard to come by, but not impossible,” she writes. Similarly, if you want to do some expensive renovations, tip seven is to do them while you are still working and not while retired, when you are living on less.
Practice living on less before you actually do is point eight, and focusing on your most important relationships is tip nine. Her final advice is to “try something new” each week of your retirement. “You never know what wonderful experiences lay ahead of you. A little planning can help you to be better prepared to enjoy them,” she concludes.
Famous quotes about retirement
The Rethink Retired blog contains a number of great quotes from famous people on the topic of retirement. Here is a sample:
“Retire from work, but not from life. – M. K. Soni
The key to retirement is to find joy in the little things. – Susan Miller
“Age appears to be best in 4 things: old wood best to burn, old wine to drink, old friends to trust, and old authors to read. “– Francis Bacon
|Written by Martin Biefer
|Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. After a 35-year career as a reporter, editor and pension communicator, Martin is enjoying life as a freelance writer. He’s a mediocre golfer, hopeful darts player and beginner line dancer who enjoys classic rock and sports, especially football. He and his wife Laura live with their Sheltie, Duncan, and their cat, Toobins. You can follow him on Twitter – his handle is @AveryKerr22|