When retirement is on the horizon, you'll be thinking of your pension and finances. Your complete retirement or a changing work pattern, such as becoming a part-time or temporary worker, will mean changes in your lifestyle.
Retirement is a challenging new phase in life. While it ranks high on the scale of stressful life events, it also provides the opportunity to enjoy a new lease of life. You are likely to enjoy the freedom to develop new interests but on the other hand may feel lonely, isolated and bored at times. An important step is to plan your goals and work towards them.
If you're still working, why not ask about retirement preparation programmes, perhaps including different working options? Some employers provide a range of seminars, workshops and useful information for future reference.
Organisations like Age Concern and Help the Aged campaign to highlight the potential of the retirement years. Age Concern's handbook, 'Time for Retirement', is a useful starting point, covering. finances, travel and holidays, health and community involvement.
The way you feel or are viewed by others can change with retirement. Paid employment is considered to give you status, a role, income and purpose as well as having a group of people with whom to share it.
The changes involved in retiring can be rewarding and positive - or stressful, confusing and frustrating. It's up to you how you adapt. You may wish to seek the support of those around you and specialist organisations, to enjoy a fulfilling and rewarding retirement.
Retirement may also bring you together with your partner 24 hours a day. That's a challenge for any relationship, but one that can bring you closer together. You might like to plan for your retirement together and find a way to enjoy the extra time.
Is your pension adequate? If you're still working, it's not too late to catch up. Are you considering full-time, part-time or temporary work, or are you considering returning to employment?
From April 2006 there are new pension rules to consider. There is already an option to defer your State Pension in return for a higher weekly payment or lump sum. For pension-related queries, speak to a financial adviser.
You'll need time to adjust to your retirement. Whatever you decide to do, you may find that you'll want to keep or develop interests, stay active and maintain a regular structure to your day.
If you have access to the internet, there are websites devoted to interests and hobbies, from gardening or sports, to bird watching or dancing. You may like to share your hobby with others, and its worth thinking about joining associations like the Countryside Access and Activities Network.
Voluntary work can be a satisfying way of using your skills and expertise for the benefit of others. The Retired and Senior Volunteering Programme website has more information.
Pensions and retirement planning
