Retirement: The Next Frontier



Secondly, many people plan for life beyond work assuming that they will remain healthy and vital. For most people this will prove true, but sadly, others might not be as healthy as they had hoped.


Being less healthy in later years will mean facing additional pharmaceutical and medical expenses. You may have extra charges from travelling with mobility issues, assuming travel is still manageable. Aged care can be costly, especially where high level care is required.


The key thing to remember is that while you are planning for your retirement in a financial sense, you also need to have a plan for how you will spend your time. Balancing both aspects are fundamental to achieve a rewarding retirement.



So, what is there to do if you find yourself getting bored with so much free time? Well, one option could be to return to the work force, even on a part-time or casual basis. If approaching your former employer or business partners is not an option, then all is not lost. Depending on your skill set, you may be able to set up a micro-business. All you have to do is get creative when looking at your skills and abilities!


If you are a retired teacher there is myriad opportunities including working as a private tutor or providing after-school assistance, coaching sporting teams, or even thesis proofreading for university students. Local universities often have casual tutoring positions that may be suitable.


If maths or accounting is your forte, use these skills to help small businesses manage their books.


Handy with tools and enjoy fixing things? You could find yourself in demand by those in your area who are working and have no time or skills to do odd jobs themselves. Place an advertisement in your local paper to get started.

Or what about ‘volunteer vacationing’?


If you’d like a travel experience with a difference, you may wish to combine it with volunteer work. Sharing your interests with others or using your skills in a new way could certainly enhance your post-work years.

Some websites to get you started in planning your next volunteer travel adventure include and


A new you!

Many people identify themselves according to their job title or profession. For this reason, retirement can leave you feeling like a piece of you is missing. But retirement can be a terrific opportunity to give up that old identity and re-invent yourself.


You can be a grandparent, sports enthusiast, volunteer, book club president—the sky’s the limit!


In many ways, re-inventing yourself as a retiree can be as challenging as being a success in your previous vocation. The key is to establish your priorities, set goals that work for you, and keep going until you reach them. Remember though to keep it fun.


Have you planned your first step?

If all this sounds exciting, don’t forget the first step and get your retirement funds in order. See your financial adviser sooner rather than later. Once that is done, you can start looking forward to what should be the golden years of your life.