Home » How will you pass your days when you stop working? Check out these 9 retirement ideas

How will you pass your days when you stop working? Check out these 9 retirement ideas

At some stage, you will consider your retirement and contemplate how you’ll spend your days when you stop working. The simple answer to this question might be whatever you fancy.

However, you might find it challenging to think of things you want to do in retirement. Therefore, check out these nine retirement ideas – number 8 might surprise you!

1. Don’t retire (when you’d planned)!

One of the biggest shocks of retirement is going from working full time to having no job. Therefore, continuing to work part-time can reduce the impact.

Although doing so may not have been part of your initial plans for retirement, working part-time is becoming more popular. For instance, today, almost twice as many women are working (27%) as in 1998 (13%). 

Increased options created by pension freedoms mean you can now access your pension funds at 55. Therefore, you have more opportunities to cut back on your hours or work part-time doing something new.

2. Do some travelling.

According to the Financial Times, the era of the senior traveller has arrived. Think again if you felt your travelling days were behind you when you retired.

Senior travellers are venturing further afield than they ever did, and nowhere seems to be off-limits. From Africa to Australia or Tibet to Tobago, tour operators cover all known destinations for older adventures. Therefore, if you want to travel when you retire, you are spoilt for choice.

Don’t be put off if you want to travel on your own. According to ABTA, the over 75s are the most likely age group to travel solo.

There has also been an increase in 55 to 64-year-olds travelling on their own. This age group has jumped from 6% to 17% in recent years. Around 40% of this age group hope to meet new friends when travelling.

There are plenty of tour operators offering solo or group travel adventures for senior travellers. An excellent place to look for such companies is at travel events such as Destinations. They have plenty of companies who can help you with all your travel needs.

3. Spend some quality time with your family.

Of course, you may be looking forward to having your home to yourself and enjoying your newfound freedom. However, retirement also offers you a chance to spend some quality time with your family.

What better way to continue developing important memories with your loved ones than a multigenerational holiday. These so-called 3G getaways allow you to spend quality time with your extended family away from the pressures of home life.

You also might want to take time to visit relatives who moved overseas. Alternatively, you can spend some of your free time organising an extended family gathering.

Under 65 year-olds who look after their grandchildren could use this to fill any gaps in their State Pension contributions. You must’ve made 35 years’ worth of National Insurance payments to qualify for the maximum State Pension. If you have any gaps, looking after children under the age of 12 can help you fill these missed contributions.

4. Take up walking.

Walking is not only an accent from exercise, and you can do it for free. Even if you want to pay and walk around some of our stunning National Trust sites, you can receive discounted membership if you are over 60.

If you want to meet up with local walkers, try searching the Ramblers website to find a local group near you. Alternatively, you could search for dog owners who need their pets taken for a walk while they are working. Borrow My Doggy is an excellent website to connect with these people.

5. Stay mentally active.

While walking will keep your body healthy, you should also keep your mind active. OpenLearn is an excellent site that offers a wide range of free courses. There is no pressure to meet any deadlines, and you can work through the material at your own pace.

If you are looking for a more formal means of studying, you might consider going to university as a mature student. You’ll find the entrance criteria is less stringent due to your experience, and you may even be able to get your studies funded.

If academia doesn’t appeal to you, why not try something more creative such as woodwork or jewellery making. You might consider developing your computer skills, and you can find plenty of suitable courses at your local library.

6. Do some volunteering.

You can meet new people, do something worthwhile, and help others by volunteering. There are plenty of opportunities to help out in your community or assist in a project that you’re passionate about. Websites such as Do-It have millions of opportunities for volunteers in all areas.

For instance, you could help organise events, provide help to support carers, or get involved in a local wildlife or environmental project. One thing for sure, you will not be short of opportunities to lend your time and support.

7. Relocate abroad

Relocating abroad may not sit too well with your family initially. However, give them some time to consider the opportunities for visiting you in a warmer climate, and they might come around to your way of thinking.

Bulgaria, Portugal, Spain, and other European destinations are popular for Brits reaching retirement age. However, before deciding to emigrate, you should check out the cost of living in your chosen country. Also, consider healthcare provision overseas and what your welfare rights are. You can find information on how to claim your state pension overseas by visiting the gov.uk website

8. Start blogging.

You might feel that this suggestion should be more aimed at your grandchildren. However, retirement presents you with a unique opportunity to start blogging.

Blogging takes time, and that is something you have in retirement. Also, a lifetime of skills and experience gained through work has given you knowledge other people need.

Channels such as YouTube mean you can share your knowledge, skills, and wisdom with people all over the world. As your audience grows, you may even find that you can make some money from your newfound skills. Who knows, perhaps you might even become the next person trending on social media or find yourself up there with the Internet video blogging sensations such as Joe Sugg or Zoella.

9. Get comfortable.

Your retirement is the time when you want to be as comfortable as possible. Unfortunately, YouGov research reveals that almost 30% of Brits feel they will have insufficient funds for their retirement. More worryingly, around 15% are certain they won’t.

Planning for your retirement and preparing for it as soon as possible will give you more chance of becoming financially comfortable when you come to retire. It will also allow you to do more things you want when your working life is behind you. Check out Portafina for expert and regulated financial advice to help you plan for your retirement.

One straightforward thing you can do is regularly check on your pension’s performance and ensure you’re not paying too much in charges. Both these things can erode your retirement funds, and checking will allow you to take corrective action to protect your money as soon as possible.

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