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“Retirement may be an ending, a closing, but it is                     also a new beginning”

I have been busy these past weeks with the publishing of my book.  Called ‘The 7 Questions you need to Answer before you turn 65 –  A Resource book for Retirement Planning in South Africa’ the book is currently going through the process at Partridge Africa publishers.  Hopefully it will be ready in the next week or so!  Watch this space…..

Doing the research for the book has given me a lot of insight into the retirement process and how important it is to manage the transition into retirement with thought and planning.  These days retirement at 65, as set in 1889 for the first time, only has relevance if you work for a company that has a policy of retiring at 65, but for most people there is a definite shift in outlook around this time.   For example, a report by Absa Wealth in 2010 reported that wealthy business people tend to re-examine their options, often moving from the role of execution and control to that of influence as they grow older.  But there are so many other aspects of our lives besides leaving work that are essential to a smooth transition.

For my book, I chose the number seven, because in numerology the number 7 is seen as; spiritual, intelligent, analytical, focused, intuitive, knowledgeable, contemplative, serious, and displays much inner wisdom.  I then wove in the questions we need to ask ourselves in preparation for retirement.  Here they are – what do you think?:

  • Where do I want to live when I am old and frail?
  • How do I turn my investment capital into a steady income?
  • What do I need to do if my income is insufficient to maintain my standard of living?
  • What should I do about my health?
  • How will I structure my life to give it purpose?
  • How do I build a new social network?
  • Who can help me with all this?

Have you had any thoughts around these questions and how they might apply to your own life??  Anyone who is 5 years or less from retiring should be at least thinking around them if you want to make the most of this new ’career’, bearing in  mind that with today’s life expectancy we could anticipate living for another 20 to 40 years!!