Independent Retirement: Is it Easy to Retire and Live on my Own?

I'm literally 5 months away before I pull the trigger. I started to see the light at the end of the tunnel on this retirement journey. Looked at my finances as usual, looks like I'm in rather good shape; budgeted for a couple of trips I'll be taking before my retirement and after. 

Next week will be my 60th birthday and that number, 60 is quite large and intimidating. I never thought I'd see myself being 60, I always thought it was someone else, but wow, I'm going to be there soon. What I also looked into was my health. I've lined up a couple of yearly medical routine check in with my primary doctor and also schedule an eye check up. 

All usually around my birthday. Cross fingers I won't encounter any significant changes in my health. I do admit I've gained quite a few over the years. Not sure if was due to getting older or I'm less active these days. I've been doing free weights, some running, and strength training but not at the level I was when I was in my late 30s and 40s. Don't want to admit I'm slowing down, but I think I have to be self motivated post Covid era. Many friends and colleagues are on their own schedule and I find myself training on my own and having to call people out for get togethers. Seems like everybody I know are becoming home bodies.  

This seems to be a precursor in my impending retirement. The fact that I'm living on my own and quite comfortable doing it isn't going to be a tough thing to do. It's not a transition there. But the activities I'll need to create on my own will be key to my success in living in retirement on my own. I won't know how I'll feel or encounter after being in this stage for the first few months. I see it as a honeymoon period. I'll take off for a week for London as one of my bucket list trip. I've never been to London. So I'm going to take it easy but hit the spots that interests me. I won't go all out and try to cover all the attractions. As always moderation. When I get back, then I'll need to settle back in. Most likely downsize more in terms of paper work as many won't be of concern. I could probably place some or all in the cloud or server. Goal - to be paperless but have documents accessible from anywhere if needed. 

So, here I go in counting down my months before leaving the building. Stay tuned! 

2025 is Here: How am I Feeling?

It's 2025. My countdown to my retirement date is July 1st. I'm quite anxious at the same time scared. But, I've been planning this for years and now that I want to pull the trigger, I have this unease, at the same time excitement to leave my present employment and really take some time off. 

All these emotions running through my head lately is not a surprise. It manifests in my constant checking of my financial health. I'm always logging into my account to see if I have enough to retire. In addition, I'm scrambling to fund a healthy emergency fund, for the just in case moments. Also, taking stock of my health at this time. I have not been running or working out as usual. I walk alot but it's not quite what I find as good. Sleeping hasn't been any easier, for years, I don't sleep a full 6 hours. If anything, much less. Wonder if it's because I'm getting older and "we" old people don't sleep like our days of going to clubs at late night and sleeping till noon. Those days are gone. 

As I settle into 2025, I'm reminded that I've got this, it's my own discipline that may go off kilter. Recently, I booked a hotel and airfare to travel to Las Vegas as a pre birthday holiday. But realized, that I had to save for my big trip to London this summer. That trip is a pretty penny. I ended up cancelling my hotel reservation and received credit for my flight on Southwest. It reminded me that I had to start to rein in my expenses for other experiences that costs more. 

Sunset at Ala Moana Park, Honolulu, Hawaii 

I'm also transitioning my behavior as if I'm retired already. I don't want to be a penny pincher in retirement, but be sensible. If I want to take off somewhere I need to plan and budget. Retiree perks are great since we are not working anymore. We can travel on a mid week date for great airline deals, travel during off season, and eat and drink anytime of the day at my leisure. Strange thought but that's what the advantages of a retiree earns or gets, is time on your own terms. 

I'll continue to manage my last few months for retirement and get to the point of leaving the building one last time. I've worked over 45 years in different capacities, but this last year is a tough one. From starting as a paper delivery boy, hotel front desk worker, executive assistant, and to now a college admissions coordinator really comes full circle. 

This post sets a nice perspective on where I am and hope that the remaining posts sheds more clarity and light for my eventual retirement.

Stay tuned, there may be a slight twist to my adventure? 

Rainy Day Review to Retirement Next Year

I'm taking in the stormy weather we've been having in the Northern California area to stay in to do a little writing. It's been a few days after Christmas and I'm really feeling the sense that my desire to retire in 2025 is literally around the corner! 

As I select July 1st as my last day in the office, standard protocol in submitting a retirement/resignation to my employer is generally 3 months. This allows all the paperwork to be processed just in time before I walk out the door. So starting in April I'm letting my director know I'm leaving. 

Personally, I still feel the anxiety and wonder if it's the right time, will I make a mistake by retiring too early, all these crazy thoughts start to surface in my head and making me second guess my decision. 

But as there is constant rain pouring outside my window, I'm given some calmness that all my preparation has been more than enough. I've crossed all my T's and dotted my I's, and it's really going to be my best foot forward to make the move at this stage in my life. 

As for the following, I think I've covered them all, well the ones that I'm aware of. 

FINANCES, ✅

SOCIAL ATMOSPHERE, ✅

HEALTH & FITNESS, ✅

HOUSING, ✅ 

To be honest the only thing that might surprise me is the roller coaster of mentally being prepared. Cross fingers all the networking with previous retirees, watching retirement preparation videos on YouTube, and simply talking to family and friends, sort of "calms" me versus freaking out. 

One person told me that I can prepare as much as you want and also holding off one more year before retiring will never establish reassurance. But I know one thing is that I'm embracing the TIME I have for me to take on another chapter or take on something new. Sure, spending time with family and friends more is a given, and traveling will be top of my to do list, i.e. bucket list new destinations will be the fun part. But going it alone might be a tad stressor for me versus thinking independence. That's for another blog. So for now, enjoying the sound of rain outside my window gives me pause to really settle in and hope 2025 will be exciting, comforting, and new for me. I need to change it up ! 

Anxiety Prior to Retiring

Photo Credit

 As of today, I'm merely 9 months away from calling it, to retire. I've prepared for years to pull the trigger and retire. Somehow, I feel I have this anxiety that it may not go to plan. As much as I prepared financially, socially, and strategically, the emotional aspect seems to be a recurring challenge. 

Anxiety. Definition: a feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

I can't seem to manage this feeling. I would ask myself did I prepare well? Did I save enough? Am I doing the right thing to retire at 60? Some of these questions become issues of self doubt and just outright anxiety. 

People say, "control what you can" and not worry about things you can't control. I believe this is sage advice. Whether your planning to retire, or move to a new location, choose to be in a new relationship, all comes into play of what you can control. 

Having said that, here are some things that can guide me in calming my anxiety as retirement is impending. 

STAY THE COURSE

Like anything in life, you need to plan your course if you want something done your way. In the many months prior, I've been monitoring my expenses, savings, and income. I've had to adjust where needed, but I always kept my eye on the ball to get things to where it should be. Lately though, I've overextended my self of overspending and heading out for impromptu dinner outings. But I always remained on course to get back into staying the focused, it helps. A constant reminder on putting tasks on a calendar to remind me to get them done really helps as well. 

STRUCTURE

Every day, I have certain tasks and schedules I follow. Whether its' work related, or personal. I have a constant focus in structuring my day. For example a night before work, I would lay out any challenges or tasks that needs to be accomplished.  I would write down and tackle the next day. I have to have things in place. It's like when you come home, you drop your house keys in the catch all bowl at the entrance, things have it's place. This really helps tremendously, keeps me focused. 

ENJOY THE MOMENT

Even though I'm constantly thinking of retiring in the coming months, I can't help it. But a good outlet doesn't hurt to get your mind off of things. I take a moment when it's quiet to really reflect that I'm able to retire at this stage in my life. I'm sure many don't have the concept or the means to retire early or it's not even in their lexicon. For whatever reason, I'm thankful I can do it, it will be hard, but for now, I'm going to enjoy the journey - moment - time of this really important time in my life. 

SELF CARE 

Now this is important, self care, making sure I eat right, love eating, as well as scheduling time to work out and keep my body in shape. I'm in pain at times, but all the strength training and cardio really pays off in the long run. Tonight I did a 24 Hour Fitness BodyPump class which employs using free weights for body strength, grueling for an hour class but it feels good knowing that you gave your body a healthy boost. Twice a week at that. 

GRATITUDE 

Finally I take time to be generous in giving in my time or monetary. Someone said, "You can't take it with you". I say that's so true. All that money you save for retirement may not be used by you as you could check out early, or something catastrophic happens where you can't use your money for the things you need. So the moment is now with my time to volunteer for a worthy cause well before retiring to making a donation for an important cause in your life to help others. 

I can only control what I can but some of the things I outlined here might be a good guide in making sure I don't lose sight of my ultimate goal which is to retire comfortably without anxiety in 2025. Cross fingers I've done my best to get there. The journey continues! 

Where Do I Live After Retiring?

 

This has been such a common and important question many soon to retiree(s) need to make a decision. Do I stay or should I go? Sounds like a song lyric, but the truth is, yes where do I decide to live after retiring? 

City Living 

Here's my predicament, I live and work in the city where my job is so, it makes sense to be centrally located to where my job is - right? But, when you decide to leave, should you relocate? I live in an apartment in the city that has rent control. Many say once I leave, I can't come back as the cost of living for housing will never be the same. On the other hand, I also have real estate property outside of the city. This will be paid off soon. I could live there and forego any additional rent paying in the city. But I don't want to live in a remote setting. For me, I'm a city slicker, I love the city vibe, the convenience of walking out my door and getting a cup of coffee and sit and take in the city setting. Where as living in a remote location, I have to get in a car and drive somewhere to get coffee. Financially it makes sense, your saving money on rent in the city and soon enough no mortgage to pay in a couple of years with the real estate outside of the city. 

In reality, I could keep both and enjoy living in the city to bide my time until my real estate property is fully paid for and I still have a place in the city. All I have to do is just pay for property tax, utilities, and maintenance, which will still be manageable. I think I answered my own question(s), it will be tough for a couple of years, but there's an expense for traveling I must contend with. 

Soon after retiring, I'm told no big decisions should be made for the first month. For example, moving, making a large purchase, etc. Also, from what I've read, it takes about 4 months after retiring that you feel that you've really retired. That's when reality really sets in. I need to set aside funds for some travel once retiring, that should really hurt me, but a budget is needed. 

As much as I prepare in advance in my inevitable retirement date of July 1st, there's always something nagging that I have yet to do or need to do. I constantly look at my check list on items in my financial, social, mental columns to be sure I didn't miss a thing. 

But I can only hope that I've covered as much as I can prior to retiring. Like the movie directed by Mel Brooks, The Twelve Chairs, set in the 1920s Soviet Russia, a fallen aristocrat, a priest, and a con artist search for a treasure of jewels hidden inside one of twelve dining chairs, lost during the revolution. A song in the movie titled, "Hope for the Best, Expect the Worst". I rather think of the positive aspect of retiring. 

Overlooking the City from Angel Island 

The journey continues!