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Retirement in reality - 5 months in

For those of you who have just connected, I retired 5 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. Well, it had to happen sometime - this month was not entirely smooth sailing. An ankle injury and the culmination of regular medical tests sucked some of the fun out of the last month.

In this update, I want to talk about questions I’ve been regularly asked: Is it better to retire at the same time as your spouse? How did I decide it was the right time to retire? How do you keep mentally well?

Same or different time as your partner?

Whilst there are published studies pointing to married couples reporting better retirement adjustment, there are other studies that point to the quality of the relationship. When I started planning for retirement, my husband and I were on the same page about timing. But after an unexpected illness and what he felt was unfinished business he decided to delay. I think he was also waiting to see what I did – he didn’t want to retire from a job he obviously enjoyed to bump around home on his own. I don’t think he thought I could honestly drag myself away from work. To some extent that is true I’ve recently picked up a short-term project that has occupied my time, and I will likely continue to do so from time to time.

At first, I was a little resentful because he changed his mind but at the same time I know from my research that encouraging him to go when he was not ready would likely have negative downstream consequences. So, what are the downsides and upsides?

Downsides – I dreamed of getting up every morning at 7am but that’s less common than his usual 6am start. I’m also not a very adventurous solo traveller and he has limited time available for long trips; he takes an interest in my new pursuits, but these are things he is unlikely to share.

Upsides – I’m travelling on my own to places he may not enjoy so much and there is someone to stay at home to look after the house and feed the cats and dog. I’m getting the opportunity to explore independent interests that will be well established by the time he leaves work.

One thing I was conscious of was being loaded up to do extra chores with my free time, but we discussed this early on and it hasn’t been an issue. Open communication is key and checking in with one another regularly is important. I imagine if the partner needed (rather than wanted) to work this might also generate additional challenges. We are planning our joint adventures for when he retires.

How did you decide it was time to go?

I read somewhere recently that “when you, know you know’ – but that is not something I subscribe to. I think this might account for people making expedient decisions after a bad day, one too many long meetings or a hazardous commute. I’d never planned to be an academic for most of my career. I returned for the flexibility of hours and the interesting work when my daughter was young but I always expected to return to the corporate world or to be self-employed. I felt that opportunities were escaping me the longer I left it. I learned a lot as an academic but new surprises or opportunities to expand my thinking were shrinking and my time was largely being absorbed by administrative tasks.

There were also things I was being pulled towards such as creative pursuits and better health behaviours that I found difficult to fit in to the full extent I wanted to experience them. I was ‘dabbling’ but I started to feel frustrated by not being able to fully immerse myself. I recently had the chance to return to academic work for a short-term project and someone asked if I’d missed it – the truth is not really. If anything it made me more certain the timing was right.

How do I keep mentally well?

It might surprise you but even psychologists have bad days and we are not immune to getting stuck or feeling lost or disappointed. We might have well-developed coping strategies but putting them into practice may mean reaching out for help or getting some extra support. As I previously indicated, I like structure, so when something gets in the way of that (e.g. ankle strain) I need to re-group and get back into focus.

That happened this last month. I had to swap my exercise routine and some adventures I had planned with doctor’s appointments, ultrasounds, x-rays etc. I really had to focus on the following week to recognise this was a short-term loss and turn my attention elsewhere. I’d like to tell you that I spent the week knocking out a novel or preparing a business plan or designing a workshop but the truth of the matter is I binge-watched “Little House on the Prairie” and quite frankly, after seeing little Laura battle rapids, losing her dog and saving her family from the ravages of scarlet fever it made my problems look pretty small.

So, I took my own advice: “Permission to rest”. Resting is restorative and sometimes achieving less is achieving everything.

 

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.

 

  •   12 August 2026
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5 Comments
DougC
August 13, 2026

Joanne,
At 5 months into your retirement, your comments have made me think back to that time in my retirement – I’m now 20 years in. Before that day, I had thought of the ways I would spend my time, generally pursuing interests that I had for years but hadn’t spent enough time doing. My wife had retired shortly before I did.
The first 5 months were spent working through a list of jobs (chores) that I had put off for too long, but from then on I found I was becoming interested in other pursuits than my previous interests (which had been music – both listening and playing 2 instruments – sailing, travelling, tennis) and, 20 years on, I haven’t played one CD from my large CD collection in the last 15 years, haven’t played either of my 2 instruments through the same time, haven’t fixed the 20 year old hole in my boat, have played tennis twice and haven’t travelled a lot.
But I’ve researched and written my family history (about 500 pages now) found cousins I never knew, won 2 poetry prizes, written several books (one recently published), drawn or painted several portraits of family members, have spent many hours on woodworking projects and built a great many things (mostly furniture of various sorts) and have a largish bonsai collection. I have also designed several small building projects (I was an architect) in response to requests, but I hadn’t sought them out.
A strange collection of pursuits and none of which were either previous interests nor in my list of intended activities – but all have been interesting and absorbing and I hardly have time in each day for all of them.
So I recommend trying the “new surprises or opportunities to expand your thinking”.

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Peter Grace
August 13, 2026

Thought provoking Joanne.
My wife retired (from flexible work in child care) 4 years before me and had her own interests. I retired at 75 after 20 years running a flexible hours consultancy. We could plan around my commitments, and it enabled us to travel and have adventures whilst we were still fit. I'd be interested in your comments about working part time in retirement. It brought in money, stimulated my brain, and meant we could take the minimum from our super pensions and leave more to the magic of compounding.
Eventually you reach a stage where you or your partner are restricted by medical conditions. We are left with super balances we will never be able to spend.

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melkin
August 14, 2026

I'm just flat out doing nothing....

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Lorraine Yeomans
August 16, 2026

My husband and I have been retired for 11 months. My husband ran a business for 45 years. I started out as a journalist but joined his business after I developed some chronic health problems when I was 27. Joining his company allowed me to take time off when I needed to. I have experienced severe health difficulties for 40 years ( I am now 67). Fortunately, over the last two or three years I have largely recovered. To anyone reading this, please let me offer some hard won advice. Once you have retired, no matter what the state of your health, grab the opportunity to improve it now that you have the time and hopefully the resources. Retirement gives you a window to choose the health outcomes that lie ahead. Let me warn you that once you develop a chronic condition, it will knock you sideways, you are unlikely to know how to cope and many chronic illnesses are not easy to resolve. If you are frail or really unwell, you won't be able to exercise and are often just too ill to tackle a good eating plan or make good decisions about a path forward. You can be put in a position where you are just trying to cope with what has happened to you and it's difficult to see beyond that. Pills and doctors' advice can only do so much. You can choose to be the master of your own destiny when it comes to your health. Or not. If you have never experienced a big health problem, it is a wild, awful ride, but there is a lot you can do to make sure it doesn't happen to you, mainly through lifestyle choices.

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Peter Franklin
August 20, 2026

I have been retired for 16 years, my wife had stopped working some years prior to me to help look after grandchildren, so for the first few years a lot of our time was spent with the grandchildren. In 2012 we purchased a motor home and started travelling around, firstly short trips and then longer, some with grandchildren most on our own, it has been fantastic.
My one word of advice is donot wait too long to do things, do as much as you can in your 60s and early 70s

 

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