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Planning Retirement Online

What to do in Retirement

Part 1

The Problem with Retirement

You might think that there's no problem with retirement. If you are one of those people who can't wait to finish work you probably consider impending retirement as something to be welcomed unreservedly. However, there are some issues that we should consider before we retire and it's useful to do some retirement planning.

For some thoughts on planning your retirement, have a look at our 'Guide to Planning Retirement'.

 

Guide to 'What to do in Retirement '. Content Links

Most of us will have given some thought to our finances in retirement - hopefully some time before we actually finish work. For some thoughts on making the most of our money when we reach retirement, look at our guides to 'Making the Most of our Money' and 'Concessions and Discounts'. However, there are other issues that we should also consider, one of them being what we are actually going to do in retirement.


The average person spends about 50 hours a week at work, travelling to work and other work-related activity. So, when we retire, we have to fill that extra 50 hours of leisure time to ensure that we enjoy retirement and get some satisfaction/fulfilment from it. That's a lot of time - just think about all the time that you spend at work. We have to fill all that time week after week for the rest of our lives.


Some people find it quite easy, whilst for others it's very difficult. People talk about a 'portfolio' retirement - having different things that we can dip into in retirement so that we enjoy life. These may be different activities for the summer and winter; retirement is much easier in summer than winter, for obvious reasons. So whilst having lots of things to do in retirement may not actually be a problem, it's certainly something that we need to think about.


So we need to think about what to do in retirement if we're going to enjoy it to the full. That might mean doing more hobbies; we might spend more time on holidays and travelling; if we're the sort of person who has always liked work, then maybe some part-time paid or voluntary work will fit the bill.


In retirement we also need to keep fit both physically and mentally and make sure that we maintain or even increase our social circle if we are to enjoy retirement. So activities to ensure that we do all those things should also occupy us and provide us with things to do in retirement.


The rest of this Guide provides an overview of all these potential activities, so click the links in the box above and start thinking about what to do in retirement.

Related guides and articles:

Retirement Today - Introduction to retirement
Planning Retirement
When to Retire

Retirement Pensions


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This Guide to What to do in Retirement is written by Retirement Specialist Dave Sinclair supported by members of the LaterLife team. As well as writing on retirement matters Dave is Training Director at LaterLife and responsible for the content and continuous improvement of LaterLife's Retirement Courses.
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