What reasons to retire influenced your decision to stop working? I loved my time at work, right up to the day I left. When I said this to friends and colleagues, some of them asked me ... why then did you leave your interesting career at a comparatively early age of 60?
Here are my top 10 reasons for retiring. They are based on my discussions with retirees, I'll be surprised if you don't share at least half of them.
My Retirement Story elaborates on some outcomes from my reasons to retire decision.
If you are contemplating retirement I would recommend that you compile a list of your top ten reasons for retiring. And do show your list to your spouse/partner.
If one of your reasons for retiring is to have "more leisure time with family", be aware that this noble sentiment may require considerable effort and readjustment on both your parts.
I would also recommend that you broaden your interest, and pre test some of your assumptions about the benefits of retirement, before you retire. For example, golf gives great pleasure to many retirees, but read Paul's story about his experience of Retirement Golf.
I was fortunate to be in a company that was expanding and diversifying, so that I was challenged and active right to the finish. It was against this background that I was compiling my list, which in general is a positive and optimistic list. Not everybody is so lucky.
Mergers and acquisitions, rightsizing and downsizing, competition from younger people on the way up, ill health, concerns about retirement planning - these can all affect your contribution and competence in the years prior to retirement.
Among the negative reasons for retiring which have come to my attention in my retirement coaching are:
The more positive and optimistic reasons to retire you can come up with, the greater the possibilities for a happiness and fulfillment. So, look at your list and note the positive versus negative items, then ask yourself the question: "How could I get to put more of the positive items on my list, and how could I eliminate or mitigate the effects of the negative ones."
It’s exciting to have activities
on your list that you ‘always wanted to do, but never got around to because of
work and other responsibilities. But be warned! When that excuse is gone it
will take planning, effort and commitment to make it happen. It's no longer a
question of the top ten reasons – it’s ‘When Can I Retire?
So, help others decide... What are your Top Ten Reasons to Retire?
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