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Value Creation Blog

Retire To What? Know What’s Next

Posted by Josh Patrick

bored-in-retirement-imageYou’re getting close to 65 years old. Mandatory retirement is staring you in the face. You know the day is coming faster than you want. On one hand you’re looking forward to retiring. At the same time you’re scared to death. You have no idea how you’re going to fill your time once you stop working.

Retirement doesn’t mean you stop being productive.

Just because you retire doesn’t mean that you stop being a productive member of society. It doesn’t mean that you get to stop producing or adding value to yourself and those around you.

Those who just retire and stop contributing are generally unhappy. The sad fact is that when you retire you’re going to become a non-person to those you used to work with. You’re going to need to find a way to fill the time you used to work and you’re going to have to find new people to associate with.

This is not a bad or good thing, it just is.

A personal story.

I didn’t retire, but I did sell my first business when I was 44 years old. That certainly was too young to retire. When I was still involved in my vending company I would get several calls a week from peers who were interested in my opinion about one thing or another. I was well known, well liked, and an industry leader.

The day I sold my business was the day the calls stopped. What happened? I didn’t change, or at least I thought I didn’t. I was just off the radar screen of those still involved in the business. It just happens. When you retire, you’re off the radar screen. Get ready for it and find something to replace the time and relationships you had while working.

What’s your passion?

A good question to ask is what really gets me excited? You’re retired. You get to choose what you want to do. Just remember to choose something. You don’t want to spend twenty years or more of productive time wishing you had something to do.

You’re going to have to be your own motivator. Sometimes people offer. Most of the time you’ll find that if you don’t volunteer no one is going to ask. If this goes on for too long people will forget about you. It’s one of the reasons there are so many lonely retired people.

Start moving to retirement years in advance.

Make plans to start moving to your life into retirement well before the day arrives. Experiment with some ideas. If the idea fits continue on and make plans to continue after you stop working. Testing the waters will help you retire and bound into your new life. Without something to get involved with those first few months of retirement could get very lonely.

Wisdom is a wonderful thing to share.

For me, retirement is about sharing wisdom. Those of us who have lived sixty or more years have learned a few things along the way. We can help others add value to their lives. I know that when I give something away I always get more back in return. I love to share what I know and I love to teach. I hope the same is true for you.

I want you to have a retirement that is fulfilling. Please find a way to do that. It’ll make all the difference in how you live out your life.

We have a special report on the basics of retirement planning. There are technical and non-technical things you should be thinking about and doing as you prepare for the next stage in your life. To get this special report, click on the button below.

Basics of Retirement Planning

Topics: retirement planning, value creation, communication, financial planning

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