Insight into the Importance of Planning for Retirement

Guest 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.”

Keep busy to stay sane in retirement

One of my biggest fears of retiring is the challenge of finding ways to keep busy and engaged in meaninfgul activities each day. As I shared previously in my 4 fears about retirement blog, I am just not sure I am creative enough to consistently find quality activities that add to a meaningful retirement lifestyle.

I recently took a retirement test drive for a year and a half and at the end was more than ready to get back to work. I was finding myself a bit slower than normal and already getting bored with my routine. And I was not just sitting back – I traveled, knocked out my to-do list that had been accumulating for a lifetime, read like there was no tomorrow, started blogging – there was no moss growing on this rock!

As a matter of a fact, part of my Retirement-only the beginning blog included some research with specific ideas to keep busy in retirement, a good homework project for sure.

But it was not enough.

Fortunately I have some years to plan for my permanent retirement so I am building my list of ideas to keep busy. Take a look at the beginnings of my list on 20 ways to stay busy in retirement.

Why an active retirement is not just keeping busy

We all hope to one day enjoy an exciting retirement life filled with new experiences doing what we want to because we FINALLY can! If we are wise, we have planned for retirement ahead of time beyond just the financial and we have a good idea of what we want to be doing with our new found free time. In an earlier blog I outlined what I really need in retirement but your mileage may vary.

My outlook on keeping busy in retired life is evolving as I continue my retirement planning efforts. Comments to last weeks blog 4 fears about retirement helped me realize that avoiding boredom is not about the quantity of activities but rather the quality of what you do.

This week I attempt to dig a bit deeper to identify some of the components that can make up a quality experience. See what you think in an active retirement is not just keeping busy.