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Many solicitors are not very comfortable with the whole concept of retirement. They enjoy their work and feel responsible to clients, staff and colleagues. Probably associated with all this is an unfortunate reluctance to adequately plan for retirement.
This reluctance is unfortunate because retirement is a time when major parts of your life and identity are significantly impacted on. Understanding what you are heading into, preparing, and taking control are all smart strategies to adopt.
Retirement can be a time of great upheaval - not just financially - but emotionally, psychologically and physically. Planning for retirement allows you to consider all aspects of your life and to gain an understanding of what retirement will be like for you.
A good first step is to consider how your life is likely to change leading up to and following retirement. Clarity about what you are facing can assist you to prepare and make any personal adjustments that are necessary.
In retirement, just like in other life stages (such as young adulthood and middle age), it is wise to have a clear idea about the direction you want to take. A huge range of options will be open to you.
Think through the options that most interest you and about how these might be most successfully combined. Look at the different ways that you can retire and lifestyles open to you from that point on.
This kind of forward-thinking helps you to consider what will suit your circumstances and suit the kind of person that you are.
Retirement often spans a longer period than the time a person spends working. However, a major difference is that time during retirement is much more your own. To make the most of time in retirement, it helps to set clear milestones and personal goals in advance.
Discipline like this provides structure and helps to provide focus. It also plays a vital role in affirming personal development and self-worth.
It is not unusual for people to feel uncertain about their retirement. Taking the time to plan ahead helps people to consider the opportunities that await and to get organised for these. Do this and retirement can end up to be a time of great fun and adventure.
Undertaking a training course can provide insights and ideas. In group training, you meet other people who are faced with similar concerns. Discussing matters together can impact positively on any fear and apprehension that you’re experiencing.
Research has shown that those who plan properly for retirement tend to live longer and do better in retirement than those who do not. Quite simply, a well planned retirement is very likely to be more enjoyable and more secure than one that is not adequately planned.
Keith O’Malley is Head of Career Support and Practitioner Support at Law Society of Ireland firstname.lastname@example.org
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