First year of retirement

glass_half_full

Dear diary and all,

I am starting this diary as a record of my first year in retirement. OH and I both officially retire at the end of August, at the moment we are on annual leave until then. There is quite a lot of advice about the financial planning aspects approaching retirement, but I have found less about the reality of what happens when you do retire. I intend to record the process we go through over the coming months and how we adjust our lives both financially and otherwise.

Like many in our age group, OH and I are going to rely on a mix of DB, DC and state pension. I am approaching 60 (I am 60 in November), and OH is 58. We are going to have to fund the bridge using a combination of DB and DC. I will post a bit more about the finances in a later post

I hope you will join me on this first year!

KajiKita

< settles in comfortably for the life learnings that will emanate from this corner of t'internet > 😊

KK

Smudgeismydog

also marking your thread to follow with interest

katejo

https://forums.moneysavingexpert.com/discussion/6680053/first-year-of-retirement

I am 3.5 months ahead of you. I finished at the end of April. 63 with DB pension and state one later in 2030.

GrubbyGirl_2

Best thing I ever did - but one thing you will realise is that time seems to go much quicker

TcpnT

https://forums.moneysavingexpert.com/discussion/comment/82105887#Comment_82105887

That is so true

katejo

https://forums.moneysavingexpert.com/discussion/comment/82105887#Comment_82105887

I wouldn't yet say that it is going more quickly than when I was still working.

Apricota

Watching with interest, DH will be 58 in Dec and I’ll be 55 in March, current intensional is to retire in March!

GenX0212

https://forums.moneysavingexpert.com/discussion/comment/82106193#Comment_82106193

Some days do, some days dont. The complete freedom to choose what to do with your day is however priceless in my view.

AgathaSquirrel

Look forward to reading about your adventures.

You’re about 10 years ahead of me. Lots of learning for me too.

Cobbler_tone

https://forums.moneysavingexpert.com/discussion/comment/82106790#Comment_82106790

Similar position. The OH just retired at 54 and I am on 3 days at 57. I'm looking at 58 next summer as a finish date but reserve the right to change my mind, although my 4 day weekend feels nice at the moment.