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I'm building my wealth | | 2 min read
You’ve hung up your work boots and are enjoying a long-awaited life of leisure. But instead of feeling elated and excited, you’re starting to feel a little daunted by your retirement.
Moving from full-time work to retirement is a significant life change. We’ve outlined some ideas to help you keep active and ease the transition during the early days of leaving employment.
Explore part-time work
Retirement might be cause to hang up the working boots, but that’s not for everyone.
Returning to your field of expertise, or exploring a whole new industry, allows you to bring your years of experience to your chosen part-time role. It’s also a great way to spend your time, earn some money in retirement, and meet people through your new role.
We’ve previously looked at working in retirement, and what that might mean for your Age Pension and overall income.
Volunteer at a local organisation
Check out local charities that are aligned to your passions and investigate ways you can lend a hand. You can also look out for local organisations, where you can meet like-minded people.
If you’re not keen to volunteer, look for local catch ups, like book clubs, or walking groups. You can also look into whether your local sports club runs classes or activities for your age group.
Complete those household projects
Retirement is a great time to do those projects that have been put off and fallen down the personal to-do list. Throw yourself into redecorating a room, re-organising the garage, or whatever else might need to be done now you’ve got more free time.
The structure of a project can help you to adjust to life away from the workplace. It can also help to provide purpose, especially in those early days of retirement.
Looking ahead
There’s no one answer to how you can spend your retirement. Getting into a routine will help you to get used to life without the structure of full-time employment, and once you’re over the initial change, you’ll soon fall into the rhythm of your post-work life.
Meanwhile, our financial planners can help you ensure your finances are in order and set you up for success in retirement. The initial appointment is available at no additional charge for members.
Issued by Togethr Trustees Pty Ltd ABN 64 006 964 049, AFSL 246383 ("Togethr"), the Trustee of Equipsuper ABN 33 813 823 017 ("Equip Super"). The information contained is general advice and information only and does not take into account your personal financial situation or needs. You should consider whether this information is appropriate to your personal circumstances before acting on it and, if necessary, you should seek professional financial advice. Where tax information is included, you should consider obtaining taxation advice. Before making a decision to invest in Equip Super, you should read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product which are available at equipsuper.com.au. Financial advice may be provided to members by Togethr Financial Planning Pty Ltd (ABN 84 124 491 078 AFSL 455010) – a related entity of Togethr. Past performance is not a reliable indicator of future performance.
