How to live a purposeful life after retirement

19 February 2019

After your working life, retirement is a chance to relax and take some time just for you. With so many different interests and activities to pursue, there is no one 'right' way to retire. However, a bit of retirement planning can help you discover the best ways to achieve a happy, purposeful life in your golden years.

 

Let's have a look at some of the possible activities you can explore to make the most of your time and keep happy and healthy in retirement.

Volunteering

Upon finishing full-time work, many people can find themselves missing the daily stimulation and sense of purpose that comes with organised work hours and a routine. If you suspect this may be the case for you, volunteering can be an excellent way to help your community whilst also giving you a worthwhile pursuit.

Volunteering can allow you to engage in regular social activities whilst also sharing your skills and making new friends. It can be a way for you to stay connected to projects or causes that have always been important to you, or an avenue to try something totally outside your comfort zone – it's absolutely up to you.

You may even find that the connections and skills learned through volunteering could lead to a second, part-time or casual career.

Volunteering opportunities

The beauty of volunteering is that there's a great range of opportunities available in both urban and rural areas. So no matter what your area of interest, there should be an opportunity to suit you. Most activities will also have a great deal of flexibility so you can contribute every day or just once every so often.

If you're not sure what you could get involved in, consider the following questions:

  • What are you interested in?
  • What personal and professional skills can you offer?
  • How could your skills help a community organisation?
  • How much time could you afford to give each week or month?
  • What do you want to get out of volunteering?

Get active

Keeping fit and active is even more essential as we age and it can be a great way to spend time with friends or relax in nature. Everyone has different sports or activities that interest them but it can also be fun to try something totally new and get to know some different people.

If you are looking for a social sport, you could try joining a local tennis, golf or bowls club. For low impact activities to help you relax, having a regular swim or taking long walks are equally beneficial.

Learn new things

Challenging yourself to take up a new skill is beneficial at any age, but in retirement it can help you to keep mentally engaged and continue to explore different experiences. Whether it's an instrument, language or art form, there are countless new activities to try. Joining a class or club can also help to expand your social circle.

See the world

Travelling, exploring different cultures and learning about new places is a great way to spend your newfound leisure time. Without the confines of holiday and leave allowances that came with work, you can at long last take advantage of spontaneous flight deals and visit places at cheaper 'low' seasons.

If you want to learn more about how to fund your adventures abroad, one of our financial planners can help you calculate the impact a withdrawal could have on your future and discuss alternative ways to cover your travel expenses.

To find out about how you can best manage your money in retirement, request an appointment with an LGS financial planner, or call 1300 547 873.

The information on this website is of a general nature only and does not take into account your personal objectives, situation or needs. You should consider obtaining professional financial, taxation and or legal advice tailored to your personal circumstances prior to making any financial decision.