What Will You Do In Retirement?

Last week Mike wrote to ask me for a quick answer to the question, “What are you going to do when you retire?” Mike plans to retire in three months. I often receive the related question, “What do you do all day?”. Jan of retirementallychallenged.com (thanks Jan) gave Mike a succinct answer, “Whatever I want.” While it’s true we can do whatever we want in retirement, I think there is more behind the question than mere curiosity.

I know that not everyone reading this blog is a baby boomer, but most asking the questions are baby boomers. We’re a generation that hasn’t thought much about stopping what we’re doing. Many of us are still workaholics. We invented the youth culture — remember ‘don’t trust anyone over 30’? Now 10,000 of us are turning 65 every day of the week.

Boomers have always been the huge train coming down the track. Our numbers caused a boom in the building of hospitals, schools, housing, cars and other stuff. We still want everything on our terms, including retirement. Therein lies the rub. We don’t know what our terms look like. We ask the soon-to-be-retired in the hope of finding answers for ourselves.

Unfortunately, many haven’t saved enough to retire outright and will have to continue working at least part-time. Others have the money, but never developed any hobbies or passions. Their lives revolved around work and family. The go to activities in retirement are travel the world, golf, travel the country in an RV. Those activities do not appeal to everyone. The questioners are wondering what the Mikes of the world are going to do hoping to get some insight into what they will do. There is gobs and gobs of information on financial planning for retirement, but very little on living a retirement life.

The truth is we don’t ever really retire. It is my experience that we save enough money not to have to go to a job to earn a living. However, we still need meaning and purpose in our lives. Our jobs provided much of that along with our social identities and structure. Retirement means we have lots of unstructured time with which to create a new role designed by us for us.

A couple of nights ago Martin and I talked about the question. We are engaged in activities we did not have on our bucket list or story board. Some of the activities we did envision never came to fruition. We don’t care that they didn’t. We wear jeans and t-shirts most days. I kept one dress, one skirt, a couple nice slacks, blouses and jackets. Oh, and two pair of heels. The rest went to charity shops. No more concerns about dry cleaning, polished shoes, polished nails, calendars, to do lists for work and home, juggling appointments, clients, office politics, satisfying the boss and spending weekends running errands. And no rush hour traffic! I let my hair go grey and get it cut every ten weeks instead of cut and color once a month.

To me this is the answer to “What are you going to do when you retire?” :

“I’m going to leave my work role and identity behind. I’m going to explore who I am at my core. I’m on a mission of discovery. I’m going to fail at times, but that’s o.k. I’m also going to succeed. It is both frightening and exhilarating. The possibilities are endless. I’m never going to stop learning. I’m stepping outside my comfort zone. I’m reinventing who I am and may do that every few years.”

And, as Jan says, “Whatever I want.”

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