Insight into the Importance of Planning for Retirement

Post by Bob Lykke

At 76 years of age I’m in my 15th year of retirement.  After being in the education profession for thirty-five years I transitioned from the busy life of being a school principal to serve as a supervisor of student teachers and administrative practicum students
at the University of Nebraska at Omaha. I knew that I could not just retire with nothing to do, so I spent considerable time planning this first transition.

I believe planning for retirement is much like planning for a special trip you are taking.  This thoughtful preparation is critical for those early years after stepping away from a job you have enjoyed and treasured.

The other thing I’ve noticed about retirement is that it has been a series of transitions.  I spent eleven years at the university, but after eight or nine years there I began to scale back my schedule.  At this time I once again put careful and thoughtful planning on the front burner.  I asked myself what I wished to do after my second retirement.  During the last three years at the university, I studied what I wanted to do in the next stage of life.

Keeping busy in retirement

I am now retired and volunteer as a tutor in four elementary schools a week.  In addition to that I deliver meals on wheels one day a week, and am very involved in our local Kiwanis Club.  I volunteer in schools because I knew that I needed to be around children.

It is very important to know yourself, and think about how you want to spend the extra hours you have each week. I’m a firm believer in having a purpose and finding meaning, and working with children has fulfilled those things for me.  Each year, I
take some time to look ahead, and think about the next transition in my life.  My tutoring ends at noon each day which gives me the afternoon for golf, fishing, and other hobbies I have.

Retirement has also taught me the importance of balance and truly enjoying leisure
time. I’m still learning about this stage of life called retirement. I prefer to call it, “Finding a new life.”

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About LoveBeingRetired

Dave Bernard is a California born and raised author and blogger with an extensive 30 year career in Silicon Valley. He has written more than 300 blogs for US News & World On Retirement and his personal blog Retirement – Only the Beginning. He has authored three books: "Are you just existing and calling it a life?"; "I want to retire! Essential Considerations for the Retiree to Be"; and " Navigating the Retirement Jungle". Dave was also a contributing writer for the books 65 Things to do when you Retire (“Positive Aging – Old is the New Young”) as well as 65 Things to do when you Retire – TRAVEL (“Travel to Discover your Family Heritage”). He lives in sunny California with his wife, his Boston Terrier "Frank" and a passion for the San Jose Sharks.

6 thoughts on “Insight into the Importance of Planning for Retirement

  1. Yeah. Time and choice are two of the biggest perks of retirement. To come to a full stop in life is to come to the end of the road. One of the problems of finding what one wants to do in retirement is when there was no passion for life before retirement, thus no areas to really spend those gifts of time and choice.

    • Thanks Steve – you are right on with regard to finding your passion before retiring. What a disaster to finally have the time to do what you want but not knowing what to do! Plan and be prepared…

    • Good point about adaptation – we really do not know what our retirement life will look like and things can change on a daily basis. We need to adjust and roll with the punches. Thanks Scott.

  2. You make an excellent point regarding retirement involving a number of transitions. I also agree with your point about our need to keep busy in retirement. I would add an additional point — we need to satisfy our need for an intellectual challenge. Bill

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