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Insightful articles on the world of finance and investing

20 Sep 2018
Visualising the Next Phase of Your Life

We’ve all heard the old saying “If you don’t know where you are going, how will you know when you get there?”   This saying is extremely apt when it comes to thinking about your retirement.

So it might be a good time to ask yourself a few questions to help define your retirement in clearer terms:

  • What does ‘being retired’ mean to you?
  • What would an average week in retirement look like for you five years from now?
  • What challenges do you see along the way?
  • What fears do you have about this next phase of life?
  • What would you like to accomplish for yourself?

Your retirement will be very different from that of your parents.  But it will also be different from that of your friends, colleagues, or the people next door.  You need to define your retirement in your own terms, not what the experts – or your mates – say.

You also need to realise that retirement is a transition, not a destination!  Most retiring baby boomers can expect to be ‘in retirement’ for at least 20 or 25 years – a long time in anyone’s language.

None of us can truly control what those years will be bring, but we can control our attitude to them.  The reality is that true zest for life comes from within and can best be nurtured by looking closely at your attitudes and view of life, in order to discover the parts that may require some change and intentional rethinking.