Last week I very nearly made the decision to retire. I'll cover the reasons why I didn't in a future post, but for now I'm still in the land of the employed.
Retiring is not a decision to be taken lightly. There are many factors to consider before making the leap.
Top of my list is whether I'll be able to afford the standard of living I aspire to in retirement. Thankfully it looks like I'll have no issues there, although unless you're on a final salary pension, your pension annuity is always an unknown quantity until the day you decide to take it.
Then there is how I'll spend all that free time. I doubt I'll have any problems with that either. I want to spend more time outdoors doing what I enjoy, be it walking, playing golf, or exercising. Maybe I'll volunteer somewhere and give something back to society.
Finally, there's the question of what my wife wants. She may continue working for a few years after I retire. That would be my ideal scenario, as selfishly it would allow me to do the things I know she doesn't like. However, anyone in a long-term relationship knows that a bit of give and take is part of the deal, and you know what they say...
"A happy wife is a happy life."
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