2018-12-13T09:33:11.705+11:00 Here are some tips for a happy retirement.

Moving into retirement

Moving into retirement

Moving into retirement

If retiring is on your horizon here are some tips on how to make the transition work for you.

Whether you plan to walk out of work and never look back or ease out of the workforce by gradually gearing down your commitments, there are many options and no set rules for retirement. But whatever your plans, for a happy and healthy retirement, prioritise staying connected, involved and invigorated. The following tips might help you plan your transition.

1. Get inspired

No longer is retirement a time to be put out to pasture and confined to a life of golf or knitting. Just because you’re stepping back from work, you don’t have to retire from life! Much as they have done with every other stage, baby boomers are reinventing retirement. Rather than playing by the traditional rules, they’re changing them, and doing amazing things.

At 77 for example, astronaut John Glenn became the oldest person to travel into space, while the first Lord of the Rings book was only published when its author, J.R.R. Tolkien, was 62.

It’s never too late to start and you’re never too old to succeed. So instead of thinking of retirement as an ending, why not adopt a positive mindset and reframe it as a new beginning?

2. Plan to succeed

Whatever your plans, spending some time mentally preparing may help make the transition smoother. Write down your vision for retirement, talk to others about their experiences and get planning.

3. Reinvent your career

Rather than not working, retirement could be the ideal time to start your own business, working your own hours on your own terms. So popular is this course of action there’s even a word for those who do it – seniorprenuers. But if that path isn’t for you, you could look into using your experience by consulting or working part-time in a new field that you’re passionate about.

4. Get involved in the community

If you’re still healthy and active, retirement is the perfect time to get more involved in the community.  Volunteer, take up a new hobby, or become more involved in your current hobbies. Find the things you love and do them. The more you put in, the more you’ll get out and the friendships you make will provide invaluable social connections.

5. Reconnect with family and friends

If a demanding job meant you let relationships slip, now’s the time to reconnect with family and friends. Having a strong support network will also help when dealing with the complex financial decisions that come with retirement.

6. Travel the world (or Australia)

Whether your budget extends to exploring the world or caravanning in Australia, now is the time to see those places you’ve always wanted to see without the restriction of your annual leave balance.

7. Learn something new

Retirement is a great time for further study if there’s something you always wanted to learn but never did – it could be another language, the piano, ancient history or finishing high school.

8. Get a pet or a housemate

If you live alone, getting a housemate will not only provide you with company, but someone to share the chores and expenses. Alternatively, pets can provide great companionship.


Planning to retire?

This retirement planning checklist can help you plan ahead.

Read more

What's your retirement career?

Have some fun with your future.

Start quiz

How much do I need in retirement?

It's the magic question, how much money will I need in retirement?

Read more

Subscribe to our newsletter

Sign up now

Important information

Show more

This information is provided by AMP Life Limited. It is general information only and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances and the relevant Product Disclosure Statement or Terms and Conditions, available by calling 13 30 30, before deciding what’s right for you. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.

All information on this website is subject to change without notice. Although the information is from sources considered reliable, AMP does not guarantee that it is accurate or complete. You should not rely upon it and should seek professional advice before making any financial decision. Except where liability under any statute cannot be excluded, AMP does not accept any liability for any resulting loss or damage of the reader or any other person.