Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 665

Retirement in reality – 3 months in

For those of you who have just connected, I retired 3 months ago from being a full-time academic after researching retirement planning for nearly 20 years. Now I am focusing on implementing my findings: for myself, for individuals and for organisations. As I promised when I retired, I am providing a month-by-month account of my findings from the other side. There are four things I’ll focus on from this past month:

Travel

Back from the cruise and Vancouver. Still not convinced about how travels interact with retirement adjustment especially with two over-stuffed cases to be unpacked and a whole lot of admin to take care of that built up while I was away. A cramped, 14-hour bumpy plane ride back with stale sandwiches leads me to hypothesise a negative relationship between air travel and retirement adjustment. I can’t fault the value of travel for catching up with people in person though. My travels to the US allowed me to catch up with Doug Hershey. Doug was the first academic to combine psychology and retirement planning. I consider him the original thought leader in the area and a great career mentor.


Vancouver, Queen Elizabeth Park- May 12th. Taken with my own camera.

Decision-making and prioritising

Doug himself retired about 5 years ago; he downsized and moved across America. So what’s more interesting than reading this blog? Hearing about how Doug and his wife Ilda made a very considered decision about where to move for their retirement. Their decision-making process involved not only identifying criteria for their new location but weighting those criteria, and then assigning scores to each of the possible locations. They then multiplied scores on each of the criteria by the weightings to give each possible location a total score out of 100. They narrowed it down from about nine locations to their final destination using this process. Interesting, huh? I wonder how many people considering a tree change or sea change put in that much effort? Or are simply impressed by the house they saw on a real estate website. It is an idyllic spot but so much more - it’s an ungated community with separate dwellings, a natural lake, forests, community garden, swimming pool, library, spa, health and fitness studios. Worth the extra decision-making effort, I’d say.

Time

You know that horrible feeling you get when your week seems too full to be manageable and how you’ll never get it all done? Well, I’m finding it follows you into retirement and experiencing the residual effect of that already. It feels like everything is happening at once, but the difference is of course these things are not being executed inside or in addition to a normal ‘work week’ – these are the normal ‘work week’. I’m probably talking about 14 hours of new activity. It’s hard to fight the impulse to mentally calculate 60 hours + 14 hours. Still struggling to combine all my diaries on a single mobile device given limited access rights to some email addresses and usability issues of others. Any suggestions?

Health

I mentioned in my last post that one of the buckets I was trying to fill more was health. Maintaining a regular fitness schedule was easy on a cruise with a gym on board and regular fitness classes scheduled. It’s a bit different when you return home and need to make more of an effort. One of the things I know from my research is the importance of implementation intention. This is where the more specific you can be about making a goal actionable - the better. So as soon as I got back, I scheduled some extra activities to try – Hot Yoga and a second HIIT class. Just to put you fully in the picture I previously attended a HIIT class on Mondays and a Yin Yoga class on Friday. Now I’m trying to fit something in every day and sometimes twice a day. Feels like a lot but I figure not everything will work for me, so I’ll drop it later. I’ll keep you posted on what did and didn’t work for me.

So if you are looking for some advice this month, I would suggest booking in just two new activities this month using the implementation intention idea. Remember to include what, when, where, with who, book ahead and turn up. Just booking it in does not count.

Don’t forget to visit my website at www.retirementdr.com.au. I’m offering free 30-minute meetings during June and July for anyone interested.

 

Joanne Earl is a Psychologist and Honorary Professor of Psychology and Retirement Planning. You can read more about Joanne’s retirement journey via LinkedIn or visit her website: www.retirementdr.com.au.

 

  •   3 June 2026
  • 8
  •      
  •   
8 Comments
JoanG
June 07, 2026

How about signing up to a vollie job, plenty around, keeps you sparking, and no income tax!!!

4
Sammm
June 07, 2026

I never heard of Vollie until you mentioned it. Thanks.

3
JoanG
June 08, 2026

Until you mentiobed it, I hadn't heard of Vollie, a site matching charities & NFPs with skilled volunteers available for specific projects.
Thank you Samm!!

2
SeanC
June 11, 2026

I'm always reticent to volunteer with organisations that profit from my volunteering efforts.

Brian
June 07, 2026

My sole aim and daily ahem ‘implementation idea’ is - keep moving.
Anything even (especially) when/if there’s no obvious reason.
It simple, adaptable, mostly cheap and very very positive in all aspects.
Virtually everything flows from moving.

The notion of full time career work changing ‘overnight’ to full time retirement is a minefield and old hat. If you can, I’d say transition away from ft work and again if possible make it increasingly discretionary.

After moving comes planning.
ppppppp.
Good planning makes for fun times not grind or stuff ups. Mostly.

Travel light!
Lighter than you thought even possible!! Adapt.
Moving pretty well effortlessly and efficiently when travelling is a delight. You simply don’t need 80% of the crap in your 25kg bag(s).

Have fun.

2
C
June 06, 2026

I would suggest you just have one email address to make your life much simpler. Beware of injuries if you start a vigorous exercise schedule. Connection with people and nature is the key to happiness imo. Good luck.

Graeme Newcombe
June 11, 2026

Try time tree for an online diary

 

Leave a Comment:

     

RELATED ARTICLES

The three key drivers of a purposeful retirement

The three pillars to a happy retirement

Why it’s time to ditch the retirement journey

banner

Most viewed in recent weeks

Noel Whittaker’s take on the budget

Marketed as a fix for inequality and housing affordability, the latest budget instead delivers a tangle of tax changes that leave everyday Australians worse off.

Australia has no death duties. Technically.

Australia may not levy formal death duties, but a growing web of tax measures is quietly shaping what wealth passes between generations. Now, the 2026 budget adds another layer.

Lithium's rally is real this time – but no-one trusts it

The lithium rally mirrors the early-2010s tech stock surge, with demand set to double by 2030. Supply has been slow to respond, creating a market deficit for future tech like humanoid robotics and solid-state batteries.

Welcome to Firstlinks Edition 662 with weekend update

The debate over the budget is increasingly shaped by frustration and perceptions of unfairness, rather than clear-eyed assessment of policy outcomes.

How inflation is quietly moving the goalposts on retirement

Inflation doesn’t just raise today’s bills - it quietly increases the amount needed to retire, while simultaneously making it harder to save. Three steps to take before June 30th to improve retirement outcomes.

How to minimise tax with a will

Inheritance tax implications in Australia may surprise some, as poor estate planning without proper wills or trusts can lead to costly tax bills and delays for beneficiaries.

Latest Updates

SMSF strategies

Meg on SMSFs: The CGT changes don’t impact super but what about Div 296 tax decisions?

New CGT rules could tip the scales in the super vs non-super debate. For those facing the Division 296 tax, the case for withdrawing has gotten more complex. A "comparison rate" tool may help assess decisions.

Planning

Testamentary trusts post-budget: Estate planning, tax reform and the ‘death tax’ debate

Proposed Budget changes to taxation are casting new uncertainty over testamentary trusts, prompting closer scrutiny of estate planning structures and the real implications of reforms still taking shape.

Taxation

Income tax and bracket creep

Examining how five "tax cuts" stack up against bracket creep. Why offsets and incremental changes may do little to ease rising average tax burdens, compared to structural reform through indexation over time.  

Exchange traded products

The limits of a quality investing approach in Australia

Quality strategies shine globally, but Australia's concentrated market tells a different story. Limited diversification and sector dominance can constrain the defensive outcomes investors have seen in broader markets.

Investment strategies

Balancing opportunity and complexity

As private markets expand, investors face a growing mix of structures, a stabilising private equity cycle and uneven AI disruption. Fresh questions are being raised about where the real opportunities now sit.

Investment strategies

Why strong returns matter as much as generosity

As EOFY approaches, structured giving offers a tax-effective way to support charities, while allowing donations to grow over time and play a longer-term role in family wealth and legacy planning outcomes.

Investment strategies

The most important investment decision you’ll ever make

Stock picking often gets the spotlight, but research shows asset allocation explains the vast majority of long‑term returns. Understanding your mix of growth and defensive assets is the real key to investment success.

Sponsors

Alliances

© 2026 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.