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Bold leap into retirement

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  • SouthCoastBoy
    SouthCoastBoy Posts: 1,084 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    edited 12 March at 3:01PM
    Well just had my vol redundancy confirmed.  Have 2 weeks to sign docs.  Will finish end of June.

    Am literally in shock right now.  Not sure how I thought I would react and it has been absolute mental torture waiting for the outcome.  Now it's confirmed am a bit numb.

    Is there a psychiatrist in the house?
    I’m not, but a) Congratulations and b) I think I know what you mean. I said to OH yesterday that, as a life stage, retirement is as big a thing as leaving school. The same sense of going into the unknown, followed by anticlimax and trying to find some replacement structure.
    I would say it is bigger than leaving school. When leaving school you have your whole life in front of you, with many possibilities, I found it all very exciting. With retirement you know the majority of your life is over and you are in the final phase of your life, hoping you have enough money to live and you stay healthy for as long as possible. The prospects aren't great,tbh the more I think about retirement the more I find it less appealing :)
    Jeez that’s negative!! I understand a bit better now why you haven’t made the decision yet.

    In retirement, for the first time since you were about 4 years old, you’re not required to be at school or in work. You can do exactly as you please. Surely that’s a better way to look at it?

    As for possibilities, what about the holidays, the travel, the new hobbies and experiences?  I’ve done courses, volunteered, backpacked around Snowdonia in my first two years and I’ve got two long haul and one European holiday booked for this year so far.  Better than slogging away at work!
    I have plenty of hobbies that I do while working e.g. running, walking, golf, cycling etc.for example I have just been out for 50 mins on bike at lunchtime. Last week I took a day off and went caving. Holidays, again I can do them while working, going to snowdonia for 4 days in May, was in London last weekend for a weekend away, in Greece in August and Australia in November/December.

    I do think by retiring, a statement is being made and you are moving into the final phase. Years ago I was all for retiring, but the closer I have got the more final it appears, and therefore the less appealing, for me, it becomes.
    It's just my opinion and not advice.
  • pterri
    pterri Posts: 362 Forumite
    Third Anniversary 100 Posts Name Dropper
    Well just had my vol redundancy confirmed.  Have 2 weeks to sign docs.  Will finish end of June.

    Am literally in shock right now.  Not sure how I thought I would react and it has been absolute mental torture waiting for the outcome.  Now it's confirmed am a bit numb.

    Is there a psychiatrist in the house?
    I’m not, but a) Congratulations and b) I think I know what you mean. I said to OH yesterday that, as a life stage, retirement is as big a thing as leaving school. The same sense of going into the unknown, followed by anticlimax and trying to find some replacement structure.
    I would say it is bigger than leaving school. When leaving school you have your whole life in front of you, with many possibilities, I found it all very exciting. With retirement you know the majority of your life is over and you are in the final phase of your life, hoping you have enough money to live and you stay healthy for as long as possible. The prospects aren't great,tbh the more I think about retirement the more I find it less appealing :)
    Jeez that’s negative!! I understand a bit better now why you haven’t made the decision yet.

    In retirement, for the first time since you were about 4 years old, you’re not required to be at school or in work. You can do exactly as you please. Surely that’s a better way to look at it?

    As for possibilities, what about the holidays, the travel, the new hobbies and experiences?  I’ve done courses, volunteered, backpacked around Snowdonia in my first two years and I’ve got two long haul and one European holiday booked for this year so far.  Better than slogging away at work!
    I’m so looking forward to it. Still a chance I may do two days a week consultancy as a handover for as long as they want me (and as long as I like obvs). Even that feels like an obligation but I’ll see how it goes and will give me a few quid, I can walk away any time. 
  • nicknameless
    nicknameless Posts: 1,112 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Well just had my vol redundancy confirmed.  Have 2 weeks to sign docs.  Will finish end of June.

    Am literally in shock right now.  Not sure how I thought I would react and it has been absolute mental torture waiting for the outcome.  Now it's confirmed am a bit numb.

    Is there a psychiatrist in the house?
    My close colleague was absolutely gagging for redundancy for some time and got it last year, compulsory and not voluntary. When she came back to the desk from her first meeting she was really quiet. I didn't say congratulations, I just said "it feels very different when it actually happens" and wound her up for the next 3 months that we didn't want her anymore.  :D
    She is happily in her next job and don't think she has touched her meaty redundo cheque.

    Give it time to sink in and you'll be absolutely fine. I nice period of time to make some plans too and sort your admin out.
    Thankyou ever so much :)
  • nicknameless
    nicknameless Posts: 1,112 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Well just had my vol redundancy confirmed.  Have 2 weeks to sign docs.  Will finish end of June.

    Am literally in shock right now.  Not sure how I thought I would react and it has been absolute mental torture waiting for the outcome.  Now it's confirmed am a bit numb.

    Is there a psychiatrist in the house?
    I’m not, but a) Congratulations and b) I think I know what you mean. I said to OH yesterday that, as a life stage, retirement is as big a thing as leaving school. The same sense of going into the unknown, followed by anticlimax and trying to find some replacement structure.
    I would say it is bigger than leaving school. When leaving school you have your whole life in front of you, with many possibilities, I found it all very exciting. With retirement you know the majority of your life is over and you are in the final phase of your life, hoping you have enough money to live and you stay healthy for as long as possible. The prospects aren't great,tbh the more I think about retirement the more I find it less appealing :)
    You are a right 'Job's comforter' !
    Retirement should in my opinion be called Reinvention!

    Some advice I find helpful is
    ' The key to living a happy, fulfilling retirement, is not just about what you add into your life, it's about what you let go of, in order to create new space for different experiences'.

    The categories to consider to let go of are:
    * activities
    * possessions and obligations
    * people
    * attitudes 
    That's how I'm seeing it.  I am genuinely excited to move onto the next phase.  At 53 I certainly do not see this as the final phase.  Have been listening to a podcast called 'middle man' recently which has captured some of my feelings wonderfully and explained some of the things that I've been experiencing the last few years, despite having what many would consider a great job with loads of autonomy.

    It's just today is quite momentous in that journey.
  • Sarahspangles
    Sarahspangles Posts: 3,239 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Well just had my vol redundancy confirmed.  Have 2 weeks to sign docs.  Will finish end of June.

    Am literally in shock right now.  Not sure how I thought I would react and it has been absolute mental torture waiting for the outcome.  Now it's confirmed am a bit numb.

    Is there a psychiatrist in the house?
    I’m not, but a) Congratulations and b) I think I know what you mean. I said to OH yesterday that, as a life stage, retirement is as big a thing as leaving school. The same sense of going into the unknown, followed by anticlimax and trying to find some replacement structure.
    I would say it is bigger than leaving school. When leaving school you have your whole life in front of you, with many possibilities, I found it all very exciting. With retirement you know the majority of your life is over and you are in the final phase of your life, hoping you have enough money to live and you stay healthy for as long as possible. The prospects aren't great,tbh the more I think about retirement the more I find it less appealing :)
    You are a right 'Job's comforter' !
    Retirement should in my opinion be called Reinvention!

    Some advice I find helpful is
    ' The key to living a happy, fulfilling retirement, is not just about what you add into your life, it's about what you let go of, in order to create new space for different experiences'.

    The categories to consider to let go of are:
    * activities
    * possessions and obligations
    * people
    * attitudes 
    That's how I'm seeing it.  I am genuinely excited to move onto the next phase.  At 53 I certainly do not see this as the final phase.  Have been listening to a podcast called 'middle man' recently which has captured some of my feelings wonderfully and explained some of the things that I've been experiencing the last few years, despite having what many would consider a great job with loads of autonomy.

    It's just today is quite momentous in that journey.
    I think even if the outcome is actually what you want, there’s still a parallel universe where they declined your VR and you’re continuing in your current role and life. And there’s a sort of grieving for that too. With all the five year anniversaries currently in the news I’ve been revisiting our plans that were scuppered by the pandemic, which would have involved me working another 2+ years, but as a more relaxed and less burnt out version of me today. 

    I’m listening to Meditations for Mortals (Oliver Burkeman) which is meant to be approached as a sort of ‘Thought for the Day’ over a month. In case it inspires a bit of reinvention!
    Fashion on the Ration
    2024 - 43/66 coupons used, carry forward 23
    2025 - 62/89
  • Smudgeismydog
    Smudgeismydog Posts: 341 Ambassador
    100 Posts Second Anniversary Photogenic Mortgage-free Glee!
    Well just had my vol redundancy confirmed.  Have 2 weeks to sign docs.  Will finish end of June.

    Am literally in shock right now.  Not sure how I thought I would react and it has been absolute mental torture waiting for the outcome.  Now it's confirmed am a bit numb.

    Is there a psychiatrist in the house?
    I think your feelings are perfectly normal and natural, it will take time for it to sink in. There is no rush, you have over 3 months of starting to slowly adjust to your new life.

    I had a 6 month notice period, and the work and expectations reduced over that time, so by the end I had in effect already started living my retirement life.

    This does not mean you will never return to work either, I remain very open minded, although over the last 9 months, as I settle more into my new routines, that does look increasingly unlikely, but who knows.
    I’m a Forum Ambassador and I support the Forum Team on the Pension, Debt Free Wanabee, and Over 50 Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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