Missing work? Volunteering could be the answer
For some people, the real challenge of retirement is losing the sense of purpose that comes with their job. Volunteering can be a great way to get it back.
Steve: I’m Steve Liebmann, I hosted/anchored the today for more than 20 years on the Nine network, launched it in 1982, left it in early 2005. Prior to that I worked in regional and country radio and television, before coming to Sydney in 1968. I’ve been in Sydney ever since.
I guess when I started thinking about the prospect of retirement you start thinking about lifestyle, an ability to live in the manner that you’ve become accustomed to living. You probably think about two things, money and what you are going to do with your time.
We are living longer and you have got to do something with that time, you must. Otherwise, A, you’re wasting it, and B, you will just die from boredom.
We had always had the benefit of financial advisors, especially when you work in a career like television because you never know when the bubble is going to burst. Well I guess in my case I used to say how much do we need a month to live the way we are used to living, and so when you arrive at that figure you then look at how much money you have put aside and what your investments are and what your income is going to be. To establish whether you can in fact live the way you want to live or whether you’re going to have make adjustments and modify your style of living.
What do I think of retirement, now that I am virtually retired? It’s great, it is great, it’s better than I thought it would be. I never missed doing what I did and I thoroughly enjoy doing what I do now.
In terms of future plans, sitting down and mapping out, a schedule for future living. I haven’t done that. I guess in a sense I take every day as it comes, maintain health, continue to enjoy life, improve my tennis. I really enjoy travelling. One of the other things about retirement, that I have discovered is if you’re married or in a long-term relationship it is almost a rediscovery of who you are, who your partner is, and that is a bonus I can’t tell you, you cannot put a value on that.
After two decades as the anchor of The Today Show and forty years in the business, Steve Liebmann’s transition into retirement, leaving behind a long-running media career, was a gradual one. Over the course of his career he admits that he hadn’t given much thought to the prospect of retiring, saying “I’m sure a lot of people don’t think about retirement until it hits them like a brick”.
Read the full article here.
This article has been prepared by Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) based on its understanding of current regulatory requirements and laws as at 11 June 2015 It may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement available from Colonial First State carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. Information taken from sources other than Colonial First State is believed to be accurate.