Refired not Retired
Today is Refired Not Retired Day. Never heard of it? Well, if you are nearing retirement or have already finished work, then you may want to get on board with this idea.
Do you imagine retirement to be a gateway to a less active lifestyle, spending your time watching Countdown and spoiling the grandchildren? It doesn’t have to be like that. Retirement could be a time to get refired about your life and using your newly found freedom to get back to living life to the fullest.
Need some inspiration?
Phyllis May, the founder of Refired Not Retired Day, ended up retiring earlier than she had anticipated with no plan. Her daughter had moved away from home to attend college, and her husband had left. She decided to make the most of her situation and regain her zest for life, get active and enjoy new experiences.
Since then she has created a new life in a location where she knew no-one, written a book and even had her own local television show. Phyllis has also travelled the world giving seminars and had fun trying out all sorts of jobs that took her fancy. All because she decided to refire her life.
How can you refire your life?
Retirement is an opportunity to do all the things you never had time for when you were working. Do you have a passion you could indulge or long-held goals to achieve?
Many people in retirement have found that following a passion has led to many opportunities, such as running a small business that they can bring their years of experience to. Finding their love of travel meant they set up a company connecting people who wish to house sit or their enthusiasm for playing the violin leading to a business building musical instruments.
Maybe like Phyliss you dreamed of writing a book. Now you have the time not only to write but to join social groups around creating a novel, take writing classes and possibly find a new community to be part of.
Start small, feel inspired, and who knows where you could end up. From painting in the park to exhibiting at a local gallery. The opportunities for adventure are endless.
Last year Kenneth Jones ran the London Marathon at the age of 83, so it’s never too late to start on the path to achieving your dreams!
How could pension freedoms help?
In April 2015, the government introduced changes to pensions that had a significant impact for everyone. The pension freedoms give over 55s complete control of their retirement savings, meaning that anyone over the age of 55 with a defined contribution pension can access their entire pension flexibly.
The pension freedoms could potentially help you to create new adventures in your retirement. However, you may want to consider getting independent professional advice to ensure that you make the best choices for your circumstances. As John Clements said ‘Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money.’ You can learn more about pension freedoms and planning for retirement here.
However you decide to refire your retirement, make sure you are doing something you love. You may have spent years in a job that did not fill you with happiness. Life is too short to carry on that trend. Do the things you enjoy, that lift your spirits and make you wish the day was longer. You now have the freedom you longed for when working – make the most of it.
Life Centred Planning Ltd are passionate about helping you achieve the best quality of life you can with the resources you have available. Based in Battle, East Sussex, we specialise in life centred planning and offer a complimentary 30 minute consultation, so contact us today to find out how we can help you create a brighter future.