Retirement-What if It's Not Right for You?

-

 

(Image by Thomas B. from Pixabay)

"Retirement- what if it's not right for you?" was the intriguing title of an article in one of those financial magazines that plop through our letterbox from time to time. This particular periodical from a local firm of financial advisers arrived a month ago, but I am only now taking advantage of the colder, darker hours of this month's lockdown to get on top of the piles of correspondence awaiting attention on my desk.

The gist, of course, was to keep working if you want to and for which there could be a myriad of reasons in support. However, you do need to be aware of certain taxation pitfalls, especially if drawing down on pension funds whilst working part-time. I suppose it wasn't quite what I was seeking to read when, apart from the obvious "but I can't afford to retire" argument, I was anticipating a lot more around the theme of being afraid of stagnation, so that I might have the opportunity to analyse it critically. You see, even after six and a half years of a fulfilling retirement experience, insecure human that I am, I'm still seeking reassurance that I made the right decision and have found an elixir for happiness.

As it turned out, thumbing through the pages produced the shaking I needed. A tribute to a deceased member of staff who sadly had died suddenly and so failed to reach even a part-time retirement. It was both a shock and a reality jolt. 

When any kind of opportunity presents, we clearly do right to seize it, knowing neither if we will get another chance nor what tomorrow might bring instead.


Comments

Treaders said…
I took a big financial hit by retiring when I did but when I see those that don't even make it I'm so glad I did. One lovely colleague lived for his family - work was very much secondary. He intended to go at 60 and died of cancer a few short months earlier. I never did understand why he didn't go earlier when he could have (at 55) but I suppose he had his reasons. I've no regrets that's for sure!
22 November 2020 at 13:44
Caree Risover said…
Should have known better than expect what I was looking for in a financial magazine and my guess is it didn’t even appreciate the gulf between the conflicting messages it managed to promulgate.
22 November 2020 at 15:05
Post a Comment

Most Popular Posts of All Time

The 3 x 60 Challenge

-
Image
So much is written about the post-work bucket list that as you approach retirement, you inevitably feel that you should have one. A tick list of 100 things to see and do before you die. You don't even have to think up your own any more, the Internet is full of them. Glance through them if you will and you quickly get the impression that retirement must be full of adrenalin rushed grandparents throwing themselves out of aeroplanes or climbing Kilimanjaro. Indeed the eldest recently sent a book to Mister E and me entitled "101 Coolest Things to Do in Great Britain." Now it is a good read and has some, shall we say, "interesting ideas" but for those that hold the most appeal I can honestly say that I've already been there, done them, got the photographs. There are others that wild horses wouldn't drag me to. It may be cool, but somehow Mister E and I attending Bestival is beyond even the most vivid of imaginations. The problem with trying to...
Read more

All Aboard for Pampering

-
Image
Mister E and I may be retired but we still enjoy being pampered now and again; who says you have to be working hard to deserve a treat? Yesterday offered one of those occasions when we were spoiled with a train trip on board the Northern Belle, previously operated and restored by the Venice Simplon Orient Express. It was a day for lounging back in a plush seat, eating and drinking everything put in front of us (and there was quite a quantity) whilst watching the scenery glide serenely past. The luxury of our surroundings and the attentive service from uniformed staff all added to the sense of occasion and enjoyment. We were entertained by wandering musicians and a magician on our figure of eight route around County Durham and North Yorkshire, ending up eventually back where we started at Darlington Station. Just like my retirement so far really; there is no obvious destination but the journey getting there is immensely pleasurable.
Read more

A Full Service

-
Image
  Image by Couleur on Pixabay It's not just the Spring Cleaning that I embrace in February and March because, much as I dislike routine, the end of winter and beginning of spring have become a time to put other aspects of our house in order. So, it's a period for sorting ourselves administratively with meetings with our financial adviser and personal banker; reviewing and renewing insurance policies, changing insurer as necessary; checking tariffs and switching energy suppliers. In fact this year we have surpassed ourselves by finally updating our wills too!  Energised by the thought of springtime and rebirth, it's also become a time for medical checks, new spectacles, and a dental check-up. When making my appointment with the optician, I was given the option of a hearing test; I declined but no doubt, in years to come, that too will find its way into my retirement body scan. It's not simply a phase for a human body overhaul either, as we've subje...
Read more

Late, Even in Retirement

-
Image
  (Image by Merry Christmas  from Pixabay) Whilst retirement continues to throw up its new experiences, I'm conscious that some of them only arise because I'm a little late for the party. We have the misfortune to suffer from the problems that rural connectivity throws up. In particular, we  frequently struggle with mobile reception at one side of the house, whilst at the other it has proved impossible to obtain a wifi signal meaning that the benefits of a smart televison are non-existent.  However, during last year's initial lockdown, for the first time I appreciated the potential of casting especially from the iPad to the living room. It's been an indispensable way to participate in online exercise classes.  On Sunday, I was idly exploring other options to cast when I discovered that every series of Downton Abbey is available on Amazon Prime. I'm one of those few people who until now has never watched a single episode. I was, of course, working when it aired ...
Read more

Exhaustion

-
Image
  Who would have thought it?  Yesterday, according to my Fitbit app, I walked more than 5 miles without leaving the house; most of it was between wardrobes and the bed where robe contents were displaced and sorted. Now in the course of  the motivational training sessions, I was warned that one wardrobe and a time limit of 4 hours were desirable. However, when Mister E expressed interest in getting his hanging rails decluttered too, it seemed opportune to keep going. After all when the man who cannot even bear to throw away a cardboard box, admits his closets need a good tidy up and needs help to do this, who could possibly refuse? To be fair, he took to the process with a great deal more realism and less sentimentality than I did. In the end the hangers on his rails move freely whereas mine are still a trifle squeezed. Looking at the number of empty coat hangers we produced, I'm ashamed to say we must have jettisoned at least a hundred items between us, most of which wer...
Read more

A Reprieve

-
Image
  Tonight I am writing this post rather than continuing my game of catch up with Downton Abbey. After a week of  constant viewing, I am even beginning to sound like Lady Mary; should I deign to clamber on top of a horse and ride it side-saddle, you will know that my conversion is complete. Yesterday, I remained on target to reach the finale today when I noticed that the warning to the effect that all episodes would be removed on 31st January appeared to have disappeared. I wondered if an extension had been granted or if instead I was already viewing on borrowed time. I checked again this morning, and, can you believe it, after all those mammoth sessions in front of the television there is indeed now a new expiry date in two weeks' time! I am unable to explain my relief.  Retirement and deadlines simply don't go together. After a career of working to time limits,  I honestly have no idea why I succumbed to the challenge. All I can think is that, still slightly intoxi...
Read more

One a Day

-
Image
  I'm no longer sure if it's a feature of lockdown or of retirement, but, whereas I spent a working life juggling office and family commitments, suddenly one appointment a day seems to fill the diary. Actually having anything in the diary during lockdown is a highlight in itself, of course, but when you were always accustomed to fitting a visit to the dentist in and around office hours it is vaguely disheartening to realise that it might be all you achieve in daylight hours at the moment. To be honest I've been on a bit of a roll following the trip out to Leyburn on Saturday for that first dose of vaccine. We were strangely fatigued on Sunday, a not uncommon side-effect apparently, but Monday morning saw me out on the road bright and early. I'd booked the car in for its annual service and got it there just as the garage was opening its doors for business. I decided to wear an FP2 mask for the occasion but it did make communicating with the receptionist a trifle difficul...
Read more

The Danger Zone

-
Image
I have generally considered myself  to be healthy and my retirement lifestyle equally so. I exercise daily; eat a good diet; don't add salt to my food; don't drink much; have never smoked; have no obvious stress triggers; have even lost half a stone in weight since finishing work although, like many people, several more pounds won't be missed. Grief, I sound so boring! Anyway, I was a little concerned by my hospital visit at the end of July when the nurse checked my blood pressure. I could see the reading on the screen and, as it seemed high to me, I did ask her if it was okay.  "Absolutely fine," she said but that didn't exactly allay my fears. After all I had been sitting in a waiting room that could easily have passed for Obesity International and what if mine had simply been the lowest she had seen all morning? The result has been nagging on my mind, so on Monday I called into our surgery and had the Practice Nurse take another readin...
Read more

Business Networking in Retirement

-
Image
Love it or hate it, business owners and key professionals have become accustomed to walking into rooms full of people and making small talk with strangers. It's the real life equivalent of Twitter or LinkedIn. Sometimes to ease the conversation and connections, games are played.  I recall one event where we had to stand up in turn and tell the room what we were looking for in the lowest number of words possible. That was an easy one for a divorce lawyer: "adultery"; it reduced the room to hysterics but I did get work referred as a result! Relieved of the obligation to network in retirement, I have been toying with deleting my LinkedIn profile. It does seem a brutal step to take, severing those historic connections and therefore the potential for reconnecting. Conversely, the deeper I get into retirement living, the deeper the divergence from the business world and the less important maintaining an online profile seems to be. Recently, however, an old c...
Read more

Not Only But Also

-
Image
  Today was our big coronavirus vaccination day and it really was a fortuitous decision to have winter tyres on my car, although the first 100 metres uphill from our drive is always the worst part of the journey. Indeed crossing Barden Moor before dropping down into Leyburn was even rather pretty, despite gusty winds blowing snow onto the road in front of us. The vaccination process itself was quick, straight forward and well-organised. We were early but told to go in regardless and there was no queue, unless a slight wait at the door to the room where three of our local doctors were administering the inoculations counts. Indeed the longest part of the process seemed to be the questions asked of us followed by a brief explanation of the whys and wherefores, after which we were asked if we still wanted to proceed. Well it would have taken more than a rehearsed speech to put us off, especially after driving 20 miles to get there. Mind it was only afterwards we were handed an explanat...
Read more

Popular Posts in last 30 days

A Health and Longevity Boost

-
Image
  I spent yesterday afternoon in my volunteer role as trustee of an almshouse. After reading an article on The Guardian website earlier in the week referring to research over the decades on the benefits of volunteering, I  could have felt very smug indeed or at least basked in the higher echelons of a score on a happiness and well-being chart.  It seems that helping others boosts our health in a variety of ways, but with one proviso, namely that you have to do it for solely altruistic reasons. If you do, however, body and brain are allegedly repaid in a multitude of ways including the easing of inflammation, the boosting of mental health, the building of resilience, feeling fitter and even living longer. One study also suggested that volunteering with three different organisations gives you an increased benefit. Darn, I may have been volunteering in three directions when I first retired but life has a habit of getting in the way and of course I've deliberately shed roles ...
Read more

New Year, Same Old

-
Image
  You will recall that back in November I was moaning as to our lack of confidence in the contractors appointed by the insurance company to remediate our home. A meeting took place and their strategy for reinstatement was amended to our satisfaction although we have been well aware of the need to monitor carefully. Thank goodness we have been on the ball. Concrete slab stage was reached shortly before Christmas and last week a team was deployed to construct the underfloor trunking for the water pipes. Although our ability to inspect the latest work was delayed because of the weather, Mister E and I called in to check yesterday.  Honestly, you would struggle to make this stuff up, but somewhere along the way they had decided to insert vast amounts of unnnecessary trunking where no water pipes are to be nor indeed have ever been. Then, they had totally overlooked the need to install pipes to connect to one of the radiators. I gladly left Mister E to deal with the Project Manage...
Read more

The Aftermath

-
Image
  It's taken twelve days to log in, but finally I'm creating my first blogpost of 2025. We enjoyed a very traditional family Christmas with close family staying for 10 days and during that period of time  we caught up with extended family too. There was the inevitable surfeit of food and I confess that exercise and healthy eating very definitely took a back seat until they were resumed last week. As ever Grandotty is the gift that keeps on giving  and having got over the nasty cold she kindly passed onto me at the beginning of December, she arrived with another one. No prizes for guessing who succumbed immediately they left. The pitfalls of grandparenting has to be that lack of immunity to nursery matured viruses. I have been considering a need to decelerate a little in 2025. Simplicity and the Zen zone it is argued require us to slow down to enjoy and appreciate more. I hadn't envisaged that curbing the pace of life would be enforced rather than engineered, but hey if co...
Read more

Distractions

-
Image
    After my last blog entry and the continuation of anxiety and consequent loss of sleep, I'd like to think that I employed that good old tactic known as distraction. Others might perceive it as being the evolutionary flight response. We spent two days in York, staying in a hotel overnight to make sure we well and truly escaped the issues haunting us. As well as taking in its ever growing Christmas Market and a fantastic evening meal out, it was a great opportunity to visit the Art Gallery and museums when most people were choosing to indulge in that popular December pastime of Christmas shopping, enabling us to enjoy crowd-free exhibits. The latest exhibition at the art gallery is entitled "The Art of Wallpaper: Morris & Co." Humour me, I wasn't sure what to expect, but we actually found the history of wallpaper and the framed samples fascinating. Amongst our various visits, we also called in at The Yorkshire Museum. I have to say it has changed significantly si...
Read more

Tilting

-
Image
  We can all go through life attacking imaginary enemies if we so choose. Don Quixote tilted at windmills, but I dare say today he'd have equally mistaken a row of pylons for evil giants.  In retirement my choice has been to avoid conflict, as I try to negotiate my way to a place of calm and stress-free Karma. Unfortunately in recent weeks, it has not been so easy.  There is one chance for the floors  of our home to be reinstated properly. We have no confidence that the insurance company's contractors can deliver. Would you employ a crew used to digging holes and trenches to put everything back together again with the finesse of a master housebuilder? We are understandably running scared. Work has ground to a halt and having sought expert advice have been left even more concerned. It's just like being back at work, waking in the middle of the night to confront the worries of the next day. Even then, I doubt I ever dreamt about filling in floors nor planned conversati...
Read more

Christmas Bonuses

-
Image
    I know there is a theory that as retired humans age they become more grumpy but, seriously, 'tis the season to be jolly and what better way for getting you into the party spirit than a run of seasonal bonuses?  Mine started at our annual Yoga Party when yours truly didn't just go and win the Charity raffle: a rather wonderful hamper of Christmas goodies! That was followed swiftly by my state pension bonus, a whole tax free £10! Of course there have been repeated discussions between Mister E and me as to how best to apply our combined sum of £20. To date, and on the basis that it is still better to give than receive, we've acquired a copy of the Big Issue between us, and are down to £15 looking for a good cause tomorrow. The Youngest and her boyfriend arrived on Friday and we are presently awaiting the imminent appearance of the Eldest and family. The cot has been put up in a separate bedroom which is something of a step forward from their last visit. I did ask Dilly i...
Read more

A Full Service

-
Image
  Image by Couleur on Pixabay It's not just the Spring Cleaning that I embrace in February and March because, much as I dislike routine, the end of winter and beginning of spring have become a time to put other aspects of our house in order. So, it's a period for sorting ourselves administratively with meetings with our financial adviser and personal banker; reviewing and renewing insurance policies, changing insurer as necessary; checking tariffs and switching energy suppliers. In fact this year we have surpassed ourselves by finally updating our wills too!  Energised by the thought of springtime and rebirth, it's also become a time for medical checks, new spectacles, and a dental check-up. When making my appointment with the optician, I was given the option of a hearing test; I declined but no doubt, in years to come, that too will find its way into my retirement body scan. It's not simply a phase for a human body overhaul either, as we've subje...
Read more

The Danger Zone

-
Image
I have generally considered myself  to be healthy and my retirement lifestyle equally so. I exercise daily; eat a good diet; don't add salt to my food; don't drink much; have never smoked; have no obvious stress triggers; have even lost half a stone in weight since finishing work although, like many people, several more pounds won't be missed. Grief, I sound so boring! Anyway, I was a little concerned by my hospital visit at the end of July when the nurse checked my blood pressure. I could see the reading on the screen and, as it seemed high to me, I did ask her if it was okay.  "Absolutely fine," she said but that didn't exactly allay my fears. After all I had been sitting in a waiting room that could easily have passed for Obesity International and what if mine had simply been the lowest she had seen all morning? The result has been nagging on my mind, so on Monday I called into our surgery and had the Practice Nurse take another readin...
Read more

Reflecting on Nine Months of Retirement

-
Image
My last day at work was 18th June, nine months ago. Nine months is also, of course, the gestational period for a human baby. Sufficient time to develop from a fertilised egg cell into a living infant. Very similar in fact to my own transmogrification. Prior to actually taking the plunge there was excitement tinged with a degree of nervousness and, dare I say it, even fear .  However and since completing the dive there has been no looking back and I can honestly say that to date I have had no reason to regret my decision. Last summer, in the early days, it felt as though I was a complete novice at everything I touched. A feeling emphasised by leaving a career in which I was professionally skilled and  competent for a completely different lifestyle for which it felt as if I was totally under-qualified. I have still many years to go in the art of retirement before I might justifiably call myself a Master, but am now very much accustomed to my new life as well as the ...
Read more

A Dark Start

-
Image
On Sunday night I set my alarm clock and yesterday morning I was awake, anticipating the buzzer and ready to switch it off. The strange thing is that I believe that may well be the first time since I retired that I have actually set the alarm. Moreover it was definitely the first time this winter that I can remember getting up in the dark. Oh the perks of retirement, there is no longer any need to get up before nature intended, to struggle out on an icy road towards a place called work. Of course it was not work I was heading to yesterday, but rather the local station and a day out in London. The youngest met Mister E and me at Kings Cross and, after dropping all the necessities we had brought for her at her hall of residence beneath the BT Tower, we managed to fit in both lunch and dinner, some shopping on Oxford Street and an exploration of the British Museum before catching an evening train home again. The museum was a good choice as not only did it keep our interest ...
Read more