Working past the age of 60 is a different experience
compared to what you imagined when you were in
your 40s or your 50s. It's not because you can't
do the job. You've got decades of experience
on your side. You're likely to be really efficient
at your role. No, it's because it feels different.
Hi, I'm Eric from timesretire .co .uk and today
I'm walking through Seven essential changes you
need to know about when considering retirement.
Now, a Monday morning is experienced differently
at age 61 than it is at age 41. And that is the
part that is really discussed in the financial
media. Conversations frequently focus on state
pension age rising to 67, pension drawdown rates,
building up your retirement fund. The psychological
effects of trading your limited time for a salary
when you're on the final stages of your career
is often overlooked. Now, if you're in your late
50s, early 60s in the UK, you'll likely encounter
these realities. So let's walk through the seven
areas. You've likely heard of individuals becoming
less patient as they age. This is not necessarily
irritability. It's clarity of purpose. Your patience
for this corporate nonsense decreases. Pointless
meetings, admin tasks, micromanagement from managers
who are 20 years younger than you. You start
to question why you're enduring this at your
age. Your time has become your most valuable
resource and you're watching it. be used in pointless
ways. And this can be frustrating. If you find
yourself rolling your eyes every time management
announces a new game -changing strategy, then
you're definitely in this camp. Well, the modern
workplace has changed. You're surrounded by younger
colleagues who are focused on career advancements
and promotions. You once shared that focus, but
your priorities have changed. And additionally,
the constant introduction of new technology,
artificial intelligence, etc. requires continuous
relearning simply to maintain your position.
You can begin to feel out of sync with the environments
around you and you're not incapable. You're simply
in a different stage of life and that system
maybe wasn't designed for you. So while you're
looking forward to the day, AI actually takes
your job so that you can get on with sorting
the garden out. By the age of 16, you understand
how organizations operate. You recognize workplace
politics, control dynamics, and targets that
change frequently. Because you see these mechanisms
clearly, participating in them loses its appeal.
You're not approaching the end of your working
life yet. You're still participating in this
daily routine and that contradiction causes entailed
friction with yourself every day. Have you been
round the loop of policies getting changed every
year, noticing that every third or fourth year
they're back to exactly where they were when
they started? And when you're younger, you can
work a 50, 60 hour week and recover over the
weekend. After the age of 60, you can still complete
the hours, but they require a significant physical
mental effort. A standard eight hour day begins
to feel demanding by midday, not five o 'clock.
You don't recover overnight. And at this stage
of life, it's no longer about managing your calendar.
It's about managing your physical energy. do
you find yourself staring at the box in the evenings
not really taking in what you're watching now
even if you've prepared financially maybe you've
got good workplace pension or a sip you may still
feel hesitant to leave now some people are often
held back by caution you wonder what will happen
if say inflation rises or if the financial markets
decline and you question if you can manage without
a regular monthly salary, therefore you remain
employed. You stay not out of desire, but because
you're uncertain about transitioning from working
hours to retirement hours. However, the studies
regarding regrets of individuals at the end of
their lives, a prominent theme that comes out
is that people wish they'd spent less time working
or retired earlier. Are you stuck in that loop?
of one last year and then I'll retire. Now when
you're 30, you plan in terms of decades. Time
appears abundant. After the age of 60 though,
you start thinking in terms of months or perhaps
one or two years. You look back and you realise
a significant proportion of your life is actually
behind you. More importantly, you must consider
how many healthy Active years you realistically
have remaining to travel, pursue hobbies or spend
time with family. Every day you spend at work
is a direct trade of those limited healthy days.
You must ask yourself if the financial return
is worth it. Do you have an age when you'll draw
the line no matter what? Last but not least,
we come to number seven. You begin to look back
and question your choices. You wonder if the
stress of your career was necessary and if those
extended hours truly mattered in the long term.
Then you look forward and question if this is
how you wish to spend the remaining time you
have. At once, your perspective shifts in this
manner. Difficult to ignore. is the final reality.
A kind of wave of clarity occurs. You see your
life, your health, and your energy exactly as
they are. And for some individuals working past
60, well, it's a financial necessity due to the
cost of living. But for others, it's a choice
driven by fear of boredom. Either way, it changes
how. You view your daily existence. If you woke
up tomorrow morning and discovered you did not
have to work another day in your life, how would
you feel? Would you feel a sense of relief or
would you feel anxious and without a purpose?
Your immediate reaction to that question indicates
exactly where you stand on your retirement journey.
So here are them seven questions again. Please
mark yourself and tell me your number below.
So question one, do you find yourself rolling
your eyes more often than at work? Question two,
are you looking forward to the day that AI actually
takes your job so you can go get on with sorting
the garden out? Question three, do you find yourself...
stare at the box in the evening, not really taking
in what you're watching. Question four, are you
stuck in the one last year till you retire loop?
Question five, do you have an age which you will
draw the line no matter what? Question six, if
you woke tomorrow morning and discovered you
did not have to work another day in your life,
would you feel a sense of relief? Finally, question
seven. Is it time for you to retire? AmericanTimesRetire
.co .uk See you on the next one.