Are you working or retired?

Deciding to retire is not something you do on a whim. It takes plenty of careful planning to pin down

Deciding to retire is not something you do on a whim. It takes plenty of careful planning to pin down your ideal retirement age. There is no set age to retire but for many of us this date is fast approaching or perhaps we’re already at that stage of our life. Are you retired? Or when are you hoping to retire?

Retirement sounds like fun, doesn’t it? It can be. But it also involves a major change in your life, and therefore represents a stressful transition. On the “life events scale” used by psychologists to determine stress levels, retirement is rated in the 10 most stressful events you can experience – behind the death of a spouse, divorce or a gaol term, but ahead of the addition of a new family member, the death of a close friend or foreclosure on your home.

Here’s how to look ahead to the opportunities in front of you.It’s a big change. First of all, accept the fact that you are making a big move. It’s normal to feel a little apprehensive as you start a new phase of life, so don’t beat yourself up about it. You are no longer on the clock. You are free to do what you want.

Retirement is something most of us have been looking forward to for years. Envision your transition into retirement less as the encore, but rather as the next phase of your lifetime journey.

What are you looking forward to most about retirement?


  1. Maureen  

    I am going to retire in July I will be 67 very apprehensive about it but will enjoy not having to get up at 4am .I am looking at groups to join ,have already joined Probus .

  2. Rocco  

    I retired at age 72. It was an easy, yet demanding, job and I could have kept going a bit longer, but I had to give it up to take care of my sick wife. It was a traumatic and sudden change of lifestyle. I went from work to hard work… and I am surviving after nearly four years. It has its rewards.

  3. i dont think i will ever retire i have an autistic daughter no superannuation no nothing

    • Jill  

      I really feel for those in your situation Julie- if parents have not struggled with a “disabled or autistic” child they can not understand what you have gone through and will continue to go through for many years. All the very best in your exhausting struggle to support your child.

  4. Jill  

    I was really nervous about retiring since I loved my work which had been my whole life for 49 years! I also had no role models in my family since unfortunately, due to health issues, my family members have always died in their 50s. I have now discovered a wonderful new life! Going for a walk at 6am and then a leisurely breakfast still feels very decadent! I have a wonderful volunteer “job” and a great new club with new friends!

  5. Pat Walker  

    I retired three years ago this month and can’t believe how the time has whizzed by! I took early retirement at 57 due to health issues. One of my daughters has had severe post natal depression and was in hospital twice , each time for four weeks and we were needed to help her look after her son. They lived with us for two years. Like I said time has flown by and both me and my husband are at starting to look forward to doing things for us without worrying about her. Add to this our autistic son, who lives with us, and you can see how we will probably be able to do things on impulse and just for the two of us. I couldn’t cope working full time and have to deal with all that has happened at the same time.

  6. Doug  

    I should be retired, but can’t – victim of the GFC, lost job in 2008, cash super lasted only 5 months, couldn’t get a job, had to sell properties when the market was in recession – result – big hole in expected retirement fund. Am now 68 with no prospect of retirement in the foreseeable future. Drive a taxi 3 or 4 days per week and now that the NSW government is backing Uber into the transport market I look like losing that work too (I’ll have plenty of colleagues joining me!). I am supposed to be part of the rich and wealthy Baby Boomers but like hundreds of thousands of others I am one of the people the “world’s best treasurer” (ha! ha!) didn’t save from the GFC.
    So when am I going to retire? Don’t know – probably when I die.

  7. Mary Merrington  

    It does not have to be as finite as either retirement or work because on the age pension one may choose to work up to $250.00 per fortnight before your pension reduces slightly.

    • Mary Merrington  

      It is called Work Bonus and you need to report your earnings each fortnight on the Monday before payment of pension and it is best and most convenient to do this via the Centrelink app on your smartphone which is easy to install and set up.

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