Our tendency, as we come close to our retirement years, is to focus only on the financial aspect and plan for that. The truth is there are many transitions that need to be planned for that will have a significant effect on your wellbeing during this season. In this video I'll take you through 4 such transitions and offer some advice on how to handle each one. Let me know how you're planning on dealing with these four transitions in the comments below. Don't forget to *SUBSCRIBE* to the channel and give this video a *like* if you found it helpful!
I'm a physician. I plan to scale down and work part-time and get a full night sleep every night once I've established solid savings. I think I will be sad and my brain will be sluggish if I completely stop working. Work isn't just for income, but it's a life purpose, being useful and making a contribution to the world.
In the movie "The Shawshank Redemption", Morgan Freeman & Tim Robbins played roles as inmates in prison & were having a conversation about freedom one day on the outside world. Morgan had this one line that I'll never forget "......I don't think I'll ever make it on the outside, I'm an institutional man now, just like Brooks was....." I'm 58 & have been retired for about 1 1/2 yr now. Retirement is indeed hardly just about financial well being (like what most people think). It has all the factors which you have meaningfully narrated & explained....Your video gave me comfort & enlightenment, thank you so very much!
@FJI That is so great to hear. Congratulations on your retirement! I love the illustration you shared from The Shawshank Redemption. Many people feel caught in that institutional world and can't see the way out. For those that can't completely escape inspiration is key. My hope is that this (and all my) videos brings that inspiration. Thanks for watching and, more importantly, sharing!
Thanks so much, Celina! The market would have you think that as long as you have enough money everything is going to be ok. Fact is, many who have enough money end up going back to work. Why?
I am retiring three days before my 57th Birthday. Here in the UK that is not that unusual, if you have enough money to do it. I am fortunate that I am not defined by my job. I have lots of other interests and activities. What does hit hard though, is knowing I will lose my professional standing. I will be an "old person".
That loss IS one of the mental transitions that we all go through. Many professionals hold on to some function of their job for a time to ease the transition. Writing, speaking or consulting are common choices. Have a great retirement, Gordon!
I have two 4-hour part-time shifts, but the loneliness is still killing me. Never married, no children, no family, no friends. Work associates were all I ever had. I'm trying to connect, but no one seems to care.
Check my response to you under the "Retirement Depression" video. If you'd like more help, my email is listed under the "about" section here on TH-cam. Take heart. You are not alone. 🙏🏽
After working 40 years I feel my husband and I have been institutionalized mentally. He has just started going part time and I will be retiring next year. I am worried about how to fill my day. I am working already on the physical fit part. I plan to keep my friends from work but I hope to replace with new volunteer social friends. Finding ways to get my brain functioning I hope to do things I haven’t done before. Work identity and what my purpose is going to be redefined with my new self. The loss is going to be challenging as I feel I have a huge loss of losing my parents. I’m excited to spend more time with family and not be rushed to get back to work
Laura, it seems like you're covering all that bases. That's good! Be aware that work friends may fade away as time goes on. Not being a part of the daily routine has a way of weakening the connection. That's why I like your idea of seeking new volunteer/social friends. The tendency in retirement is to let our social circles shrink and by the time we notice it's tougher to find new friends. The key is to seek new friends from the day you retire. Joining interest related groups can help. Having new people over for dinner is another great way to expand those circles. Both techniques we regularly employ. Thanks for watching and letting me know how/what you are doing!
Thanks paul. My philosophy has always been to never retire just move to new things. Hard part is though now that I'm retired from my career and I'm doing more exercise, getting up same time, investing more in serving, I find it's hard to get my planned retirement career of woodworking moving like I thought. Will be following
Don, check out my response to the second-half of your comment. There are lots of videos that might be of help to you here, on the channel. I pointed one out in particular. Thanks for watching and joining the conversation!
I think the definition of retirement is very personal and at least a little different for all of us. I also don’t think anyone should start thinking about this on the last day of work, this isn’t the last day of school before summer vacation! Thanks for this, I agree with everything you said.
I agree, Peter. I think our cuture pushes the "classic retirement" ending and so many assume that's what they should aim for. When they get there many find it's not for them. Thanks for watching and commenting. you can catch me on TikTok these days @paulfpeixoto. I'll be getting back to YT soon!😏
Tomorrow is my last day. I'm exhausted just from trying to prepare myself mentally for turning off the work mode. Going from 5th gear down to 3rd's going to be a big shift.
Congratulations! You’re right, it’s going to take some time to shift gears. Give yourself that time. The first season of retirement is the most important. I say, “season” because everyone needs a different amount of time. So glad you watched this video. I think these transitions are really important. Congrats again and know I’m here if you need any assistance. My email address is in the “about” section here on YT.
I fear having no meaningful things to work on. I am sick of doing what I do and definitely want to do something different. But not Sure what I want to do after retirement. Definitely do not want to study more of what I do now. You are correct with your list , but I makes me more concerned because I know I have no plan. I have devoted so much time to my career I have lost my dreams . Maybe after some rest I will awaken to a new role of interest.
Dan, I'm sure you can find what it is you'd like to do in your retirement with a little reflection and journaling. I have many other videos here on the channel that I think would help, one is entitled, "Finding Meaningful Work." Check that out. If you'd like some personal guidance I'd be more than happy to help. My email address is in the "about" section of the YT channel. Feel free to email me directly and we can connect.
I decided to work festivals thru the year. I don't want meaningful in retirement as my professional life was full of meaning. I want fun jobs. Just another perspective.
That all sounds great. Keep up the activity. many in the third act of life let all these things go and sit on the couch. It often leads to a short third act. Be careful that you don't move too close to the water! Sea levels are rising! 🙏🏽
Thanks, Paula! Let me know if there is anything I can help you with if you're making that retirement transition. My email address is in the "about" section of my YT channel page. And thanks again!
Various forces have aligned to convince us that retirement is the only option to terminating our career. Not so. Check out my latest video: You've Been Hacked! to see your options > th-cam.com/video/3wUQZfs9uLQ/w-d-xo.html
Why would you want to retire? Everyone who retires talks about finding a worthy endeavor, socialising with others, giving structure to their time, giving meaning and purpose to their lives. In other words people want A JOB in retirement. Duh
I agree. I dislike it when people say, "I'm keeping busy." As if they are looking for things to fill the time until they die. Why not seek a new purpose? The third act of life is a fantastic time to explore new expressions of yourself, things your career got in the way of.
@@Essays4College Yes, I think it's very different for most self-employed. I'm one of those. I do the work I do because I love it. It's not physically demanding so I can continue to do it into my retirement years. I have complete control as I can slow down with each passing year and take off any time I choose during the year. This is where retirement is changing. It's not a line drawn in the sand, a date at which you expire.
Once you give up your job, that’s it, nobody wants you anymore! If you look for a job, the one you find, if you find one, won’t be at the level you were at.
That's very often the case, Itcajh. That's why I advocate for creating your own job. This third act of life is the perfect season to go entrepreneurial. It's never been easier (due mostly to tech) and provides a much better, supplementary income stream than being a Walmart greeter.
Even that's rare. Most of the retirees I know don't work. They are home most of the day. I'm curious about this though. People talk about saving and their 401k and all that but when it actually comes to that age they are not doing most of those things or spending the money they worked so hard and long for! Why is this??
I think the transitions I mentioned in this video are applicable to all retired humans. Are there specific issues in your country you'd like to see me address?
Our tendency, as we come close to our retirement years, is to focus only on the financial aspect and plan for that. The truth is there are many transitions that need to be planned for that will have a significant effect on your wellbeing during this season. In this video I'll take you through 4 such transitions and offer some advice on how to handle each one. Let me know how you're planning on dealing with these four transitions in the comments below. Don't forget to *SUBSCRIBE* to the channel and give this video a *like* if you found it helpful!
I'm a physician. I plan to scale down and work part-time and get a full night sleep every night once I've established solid savings. I think I will be sad and my brain will be sluggish if I completely stop working. Work isn't just for income, but it's a life purpose, being useful and making a contribution to the world.
Agree 100%! Your plan sounds great. Thanks for joining the convo!
Yes
In the movie "The Shawshank Redemption", Morgan Freeman & Tim Robbins played roles as inmates in prison & were having a conversation about freedom one day on the outside world. Morgan had this one line that I'll never forget "......I don't think I'll ever make it on the outside, I'm an institutional man now, just like Brooks was....."
I'm 58 & have been retired for about 1 1/2 yr now. Retirement is indeed hardly just about financial well being (like what most people think). It has all the factors which you have meaningfully narrated & explained....Your video gave me comfort & enlightenment, thank you so very much!
@FJI That is so great to hear. Congratulations on your retirement! I love the illustration you shared from The Shawshank Redemption. Many people feel caught in that institutional world and can't see the way out. For those that can't completely escape inspiration is key. My hope is that this (and all my) videos brings that inspiration. Thanks for watching and, more importantly, sharing!
This is great! Retirement can be so overwhelming, it's great to see someone talking about this incredibly important transition! Great video Paul!
Thanks so much, Celina! The market would have you think that as long as you have enough money everything is going to be ok. Fact is, many who have enough money end up going back to work. Why?
Thank you for sharing this holistic approach to retirement! All of these are just as important as taking finances into account.
Glad you agree. Thanks for watching!
I am retiring three days before my 57th Birthday. Here in the UK that is not that unusual, if you have enough money to do it. I am fortunate that I am not defined by my job. I have lots of other interests and activities. What does hit hard though, is knowing I will lose my professional standing. I will be an "old person".
That loss IS one of the mental transitions that we all go through. Many professionals hold on to some function of their job for a time to ease the transition. Writing, speaking or consulting are common choices. Have a great retirement, Gordon!
I have two 4-hour part-time shifts, but the loneliness is still killing me.
Never married, no children, no family, no friends.
Work associates were all I ever had.
I'm trying to connect, but no one seems to care.
Check my response to you under the "Retirement Depression" video. If you'd like more help, my email is listed under the "about" section here on TH-cam. Take heart. You are not alone. 🙏🏽
I understand this one
@@Demy1970 Glad I could help! You might want to check out my encore career coaching course. Email address in the "about" section here on YT. 🙏🏽
WOW - LIFECHANGING VIDEO - YOU MAKE A BIG DIFFERNCE!!!!!! THANKYOU!!!
Thanks, Diane! Let me know if I can help you in the future.
After working 40 years I feel my husband and I have been institutionalized mentally. He has just started going part time and I will be retiring next year. I am worried about how to fill my day. I am working already on the physical fit part. I plan to keep my friends from work but I hope to replace with new volunteer social friends. Finding ways to get my brain functioning I hope to do things I haven’t done before. Work identity and what my purpose is going to be redefined with my new self. The loss is going to be challenging as I feel I have a huge loss of losing my parents. I’m excited to spend more time with family and not be rushed to get back to work
Laura, it seems like you're covering all that bases. That's good! Be aware that work friends may fade away as time goes on. Not being a part of the daily routine has a way of weakening the connection. That's why I like your idea of seeking new volunteer/social friends. The tendency in retirement is to let our social circles shrink and by the time we notice it's tougher to find new friends. The key is to seek new friends from the day you retire. Joining interest related groups can help. Having new people over for dinner is another great way to expand those circles. Both techniques we regularly employ. Thanks for watching and letting me know how/what you are doing!
Thanks for these tips, Paul! You make transitioning sound like a breeze
Glad you like them! And thanks for watching!
Thanks paul. My philosophy has always been to never retire just move to new things. Hard part is though now that I'm retired from my career and I'm doing more exercise, getting up same time, investing more in serving, I find it's hard to get my planned retirement career of woodworking moving like I thought. Will be following
Don, check out my response to the second-half of your comment. There are lots of videos that might be of help to you here, on the channel. I pointed one out in particular. Thanks for watching and joining the conversation!
Absolutely excellent. I am working beyond retirement
Thanks, David. If I can help you out at all with ideas, please feel free to get in touch.
I think the definition of retirement is very personal and at least a little different for all of us. I also don’t think anyone should start thinking about this on the last day of work, this isn’t the last day of school before summer vacation! Thanks for this, I agree with everything you said.
I agree, Peter. I think our cuture pushes the "classic retirement" ending and so many assume that's what they should aim for. When they get there many find it's not for them. Thanks for watching and commenting. you can catch me on TikTok these days @paulfpeixoto. I'll be getting back to YT soon!😏
Tomorrow is my last day. I'm exhausted just from trying to prepare myself mentally for turning off the work mode. Going from 5th gear down to 3rd's going to be a big shift.
Congratulations! You’re right, it’s going to take some time to shift gears. Give yourself that time. The first season of retirement is the most important. I say, “season” because everyone needs a different amount of time. So glad you watched this video. I think these transitions are really important. Congrats again and know I’m here if you need any assistance. My email address is in the “about” section here on YT.
I fear having no meaningful things to work on. I am sick of doing what I do and definitely want to do something different. But not
Sure what I want to do after retirement. Definitely do not want to study more of what I do now.
You are correct with your list , but I makes me more concerned because I know I have no plan. I have devoted so much time to my career I have lost my dreams . Maybe after some rest I will awaken to a new role of interest.
Dan, I'm sure you can find what it is you'd like to do in your retirement with a little reflection and journaling. I have many other videos here on the channel that I think would help, one is entitled, "Finding Meaningful Work." Check that out. If you'd like some personal guidance I'd be more than happy to help. My email address is in the "about" section of the YT channel. Feel free to email me directly and we can connect.
I decided to work festivals thru the year. I don't want meaningful in retirement as my professional life was full of meaning. I want fun jobs. Just another perspective.
This video is very helpful. The questions helped me to think.
Glad to hear this, Sati! Consider subscribing for more helpful videos like this. We'd love to have you on board!
You explained this really well!
Thanks, Myke.
I do plan on going to the gym, yoga, hiking, and watersports. No water here but I'm moving near water.
gym has been a regular part of my life.
That all sounds great. Keep up the activity. many in the third act of life let all these things go and sit on the couch. It often leads to a short third act. Be careful that you don't move too close to the water! Sea levels are rising! 🙏🏽
Great tips to enjoy your retirement to the maximum!
Glad it was helpful! Thanks for watching!
So important to take the holistic approach - it's not just about not going into the office.
Agreed! Thanks for watching, Ugo.
good stuff here. thank you
You're welcome! Check out my TikTok channel. @paulfpeixoto
Great tips! New subscriber.
Thanks, Paula! Let me know if there is anything I can help you with if you're making that retirement transition. My email address is in the "about" section of my YT channel page. And thanks again!
@@PaulPeixoto So kind of you. I'll definitely be in touch! Thanks so much.
Yes
Glad you liked it!
Thanks Paul
This makes a lot of sense!
Thanks for watching!
Various forces have aligned to convince us that retirement is the only option to terminating our career. Not so. Check out my latest video: You've Been Hacked! to see your options > th-cam.com/video/3wUQZfs9uLQ/w-d-xo.html
Some good thoughts, but the music is very irritating. It is like being in a hotel elevator.
I love elevator music! Glad you found the video helpful.
Why would you want to retire?
Everyone who retires talks about finding a worthy endeavor, socialising with others, giving structure to their time, giving meaning and purpose to their lives.
In other words people want A JOB in retirement.
Duh
I agree. I dislike it when people say, "I'm keeping busy." As if they are looking for things to fill the time until they die. Why not seek a new purpose? The third act of life is a fantastic time to explore new expressions of yourself, things your career got in the way of.
Why do so many retirees just sit home all day?
Because that's what they've desired to do their entire lives. Many hated their work, so retiring from it was the objective from the start.
@@PaulPeixoto That makes sense Mr. Peixoto. Do you think retirement is a bit different then for those who are, or were, self-employed?
@@Essays4College Yes, I think it's very different for most self-employed. I'm one of those. I do the work I do because I love it. It's not physically demanding so I can continue to do it into my retirement years. I have complete control as I can slow down with each passing year and take off any time I choose during the year. This is where retirement is changing. It's not a line drawn in the sand, a date at which you expire.
Wow!!!!
The intro was way too long
Sorry. Hope you stuck around for the message!
Once you give up your job, that’s it, nobody wants you anymore! If you look for a job, the one you find, if you find one, won’t be at the level you were at.
That's very often the case, Itcajh. That's why I advocate for creating your own job. This third act of life is the perfect season to go entrepreneurial. It's never been easier (due mostly to tech) and provides a much better, supplementary income stream than being a Walmart greeter.
Even that's rare. Most of the retirees I know don't work. They are home most of the day. I'm curious about this though. People talk about saving and their 401k and all that but when it actually comes to that age they are not doing most of those things or spending the money they worked so hard and long for! Why is this??
Too bad it's always about the USA.
I think the transitions I mentioned in this video are applicable to all retired humans. Are there specific issues in your country you'd like to see me address?