Referred to as the ‘golden years’, retirement is another of life’s major transitions. Yet, its connotation varies among individuals. For some, the amount of freedom can be overwhelming; some believe its negative stereotypes as an end rather than a new exciting beginning, while others view it positively.
For those 50+ black women who live throughout the global diaspora, the onset of retirement can be a defining moment in deciding whether to return to their homeland.
Reflecting on my retirement experience, I would advise the following three-pointers. These will, without a doubt, avoid a fearful and challenging transition, whether living abroad or not.
- A plan is essential. At the very least, a 3-5-year pre-retirement plan. This significantly facilitates its execution, even more so if it is realistic. Financial planning is crucial, and I highly recommend seeking advice from an accountant or financial adviser. In the case of my husband and I, a ten-year plan entailed waiting for the kids to finish university, diligently saving and buying land in the Caribbean to start building once we retired.
- The plan should also be about attaining a good quality of life, whatever that means to you. Though both objective and subjective, it should encompass the facets of being happy and content, having a routine is a must, enhancing physical health (exercising, eating a balanced diet and getting quality sleep), having a good social life with a partner, family, and friends, having a spiritually sustaining faith and being optimistic about the future.
- Ensure you are utilising the freedom and opportunity to undertake your calling or dream that you have never fulfilled. For some, this may mean re-entering the education system, learning a new skill or second language or playing a musical instrument. For others, it may mean exercising and reading more, volunteering for a meaningful cause, making new friends and embracing new passions.
Some people never retire, and some never attain this milestone. Retirement, therefore, shouldn’t control your life; your life should influence your retirement.
Live long and prosper.
Has retirement improved your quality of life? Let us know in the Comments section.
