Half in, Half out
Perhaps a better way for you
My message in my book Retiremeant
to retire ...
is that this time of your life is one where you get to make your unfulfilled dreams and goals a reality on your own terms and in your own time. A big plus of having my book on shelves around the country is that new people from all over South Africa are sharing their stories with me. As a result of this, a significant theme has emerged in their accounts, and I think it is one worth sharing: there are many dynamics surrounding exiting work and numerous ways to do so.
At Chartered, we encourage clients to consider a phased-in retirement when it comes to leaving work: half in and half out. Today, leaving work doesn't have to be an either-or. You can, instead, negotiate to retire at a more gradual rate, thereby winding down rather than exiting completely.
It is important to know that, if you are working in a job and not enjoying it, go ahead and find a way to replace this with work that will give you more enjoyment ... but do it in a way that is not all-consuming.
Frazzled, not free!
A potential client called me in a very burnt-out state. "I just want to do nothing for a few years," he said. "The work I once loved so much has squeezed all the enjoyment out of my existence,and I feel my life is frantic." He felt his only option was to retire.
Following many hours of discussion, he decided to hire someone to share his workload, thereby freeing up his time. He needed to discover that others could bring their own skills - he is not the only person who must do everything. The plus is that he can give away tasks that make his job onerous.
I am happy to share that he had the right attitude. Having implemented his plan, he now works fewer hours, loves his work again, and finds time to go away with his family. Another exciting development is that he revived his love of playing the violin, a talent dormant since his early twenties.
So, keep considering ...
While money you earn in a phased-in retirement may be less, the value in drawing from your investment later is substantial. Work provides much stimulation and helps stave off cognitive decline. It is important to take into account how much we all love to add value to others; work, whether we are paid for it or not, is a meaningful way to add value to others.
John Campbell and I recently travelled around the country, catching up with clients. Meeting everyone was so wonderful that we are keenly looking forward to the next trip, and we have so many stories of meaningful retirements to share as a result.
Chartered client, John Arnesen, writes of living out this philosophy of a phased-in retiremeant
, a way to continue to add value on your own terms.
The article by Retirementor, Alan Hosking, reminds us that it is a worthwhile exercise to do a self-audit, identifying your gifts, talents and skills. This is really helpful when clarifying what your really want to do in retirement.
I hope you will enjoy the read!