Rik always said he will never retire — but that
Now, “ I really got tired with that terrible
commute twice a day, every day;
being stuck in that horrible traffic jam for
miles and hours.
And on top of that, having to be a slave to
my mobile all the time, just in case;
and to be working for more than sixty
hours a week “, he said to us one day.
“ So finally after very long thinking, I am
totally ready to announce my final decision.
I have decided to quit my job for good.
I know what you’re thinking;
at this early age of only forty seven — but
I can’t continue this way of life any longer.
I’ve had enough of it.
I need to move on and try something new, to
do things I like, to come and go as I please,
and to feel more relaxed.
I’m going to move to a more comfortable city,
slow down a bit, and live more peacefully “,
“ I have no family obligations, and my wife is
in full agreement with me.
I do want to take my life back before it’s too late “,
he finished, feeling very enthusiastic about his
Time went, and Rik quit his job, sold his fully
owned house at a very good price, and moved
to a seaside town.
We met him a few weeks ago, and asked him
how he was doing.
Looking pleased and carefree he said,
“ I feel really wonderful;
I don’t have to wake up early morning with
the alarm, I don’t need to commute anywhere
or bother with work responsibilities and
pressures, or eat unhealthy lunches any more.
I now spend my time reading, writing, socialising,
taking long walks by the sea and enjoying nature,
I really feel peaceful and greatly satisfied with
my life and myself “, he said to us smiling happily.
Retirement is the act of retreating, withdrawing,
leaving, pulling out, departing, backing down.
In our modern world most people can not afford
to retire from their work;
either this is at the traditional retirement age,
or take early retirement in their forties, or at any
age at all — unless they have a large investment
behind them to support their living.
The point here is to realise that, if you decide to
retire from any kind of work, you will move from
your build-up financial stage to your disposal one.
And this can be extremely challenging and very
Retirement is a colossal change in your current
You are going to start a new chapter in your
life; a long journey, kind of similar to getting
married for the first time.
On the other hand, there are those people who
are so completely ready to retire early, in order
to pursue their dreams.
On top of all these, a good number of people
believe that if they retire from whatever job
they are doing, they will have no purpose in
their life, and they will lose their identity.
But the thing is, if you are mentally and
as well as financially planned and arranged,
by using clever and calculated spending and
saving, then you will be able to retire at any age
you wish, without worries about your future.
If you are thinking of taking the big step to quit
working early, do not just hope that you will live
happily ever after.
You do need to develop a complete and comprehensive
plan, as well as feeling very enthusiastic about it,
in order to have a really successful and happy
a) Mental and Emotional Preparation
Consider the following:
1) Is your job your main purpose in life.
2) Does your job define who you are.
3) Can you live without your daily work responsibilities
4) Can you live without your constant interaction
with your work friends.
5) Can you live around your partner on a full time basis.
Whichever way you feel, you have to take all the
necessary steps to put things right for your new
way of life.
b) Physical and Social Assessment
Determine the following:
1) Are you fit and healthy to develop various
activities like, walking every day, go swimming,
cycling, golfing or other sports.
2) Are you competent to join a leisure club or
a gym to keep busy.
3) Are you interested in reading books, researching
4) Are you interested in socialising with other people.
5) Do you like sitting in coffee shops and restaurants.
You will need to be doing some of the above
mentioned things to fill up your free time, which
will be plenty at this stage.
c) Financial Preparation
At this stage of disposal you need to be absolutely
prepared, in order to be able to support your new
lifestyle for the rest of your life.
Here is a guide for you to do so:
1) Estimate the value of your house when it will be sold.
2) Add in all your savings from various accounts.
3) Estimate your traditional pension at sixty five or so.
4) Add in any capital from a private pension scheme
you can take out when you are above fifty five.
5) If your total capital is not going to be enough to
support your lifestyle as long as you are alive,
investigate and invest an amount of your choice
wisely in order to keep your funds growing.
You can also purchase a pension plan, if necessary,
or add to an existing one, if you have.
6) If your total capital is enough or more, then keep
your money in various savings accounts like,
an instant savings and a couple of time deposits,
and use the funds as necessary to support
As a guide, if you want to retire in your fifties or so,
you need to have your annual current spending
multiplied by 30.
( £25,000×30=£750,000 )
7) Always have a retirement budget, and track your
Make lists every day of all your expenses;
write down everything you spend during the day.
Also, your monthly total must include any debts
like credit cards or loans.
This way you will always know what to eliminate
or reduce to balance your finances, and feel confident
Avoid at all costs any temptations to overspend;
but find your happiness in various experiences.
d) Other Considerations
It is very wise to downsize, and dispose off all the items
you will not need or use any more.
Also, you could rent, or even better you can lease
a small car for your convenience;
in order to avoid the usual maintenance expenses like,
insurance, road tax, service, road assistance and MOT.
Find and buy a private and reliable health insurance
policy, that covers all your needs currently and in the
future, especially hospitalisation.
If you follow all the above suggestions for a holistic
approach, and plan and calculate everything very
carefully, you will enjoy a happy and healthy
Do not base your retirement future on just hope.
Determine what your dream is and make it happen.
Enjoy your retirement!!