Ep 64: Transitioning Into Retirement… A Retiree’s Words of Wisdom

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What does the transition into retirement look like? On today’s episode, Jim Manning will share his retirement story and the lessons he’s learned along the way.

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Show Notes

On today’s episode we are interviewing a current retiree, Jim Manning. If you’re wondering what the transition into retirement is like, this is the show for you. Jim has been retired for over eight years now and has experienced the transition firsthand.

After a successful career in business, Jim decided it was time to retire at 67 after saving up for the retirement lifestyle he wanted. A big driver for Jim was his family and being able to spend more time with his grandson.

In the months leading up to retirement, Jim had a mix of emotions. Departing his business was a big step for him. Looking back though, Jim advises transitioning gradually if at all possible. That way the transition into retirement isn’t so drastic.

What we’ll explore on today’s episode:

  • What the transition into retirement looks like
  • How Jim decided when to retire
  • The financial and emotional toll of retirement
  • What retirement life is like in the day to day
  • Things Jim would have done differently going into retirement

Listen to more of our conversation in the podcast or use the timestamps below to jump to a specific section. 

[5:08 ] What were you doing prior to retirement?

[8:31] – Were you working a lot?

[9:24] – What age did you retire?

[10:39] – Any other factors that made you retire?

[11:34] – Spending time with the family

[13:12] – Are you have with retiring at 67?

[13:59] – Did you wish you started your plan earlier?

[14:48] – Did you go fully into retirement all at once?

[17:37] – Spending time with his father

[18:54] – What was it like emotionally to retire?

[19:58] – Advice for those transitioning out of work

[21:01] – The feelings you felt after you were retired

[22:01] – Was spending time with your father helpful?

[22:44] – What has retirement looked like so far?

[25:19] – Do you travel a lot to see your grandson?

[26:00] – How do you manage your hobbies?

[27:12] – Where do you like to go fishing?

[28:38] – How were you going to fill the rest of your time?

[29:48] – Helping other people

[31:03] – How did you fill your social life?

[32:40] – Did that help fill the working gap?

[34:12] – What have you enjoyed most about retirement?

[35:29] – Do you like routine in retirement?

[36:37] – Keeping routine and balance

[38:17] – Make some plans in retirement!

[39:10] – Any other useful advice or tips you want to share?

[42:16] – Is there anything else you would change about retirement?

[44:15]Being really adaptive to change

[46:44]Thank you for being on the show, Jim!

Thanks for checking out this episode. We’ll talk to you again soon.

 

Plan your finances out in advance. Don’t wait until you’re 65 and decide to put together a financial plan. Do it as soon as you can. Doesn’t matter if you’re 25 or 35 or 55. Sit down with a qualified financial planner to put together a plan for you.” – Jim

-Scott Sierens