Sowing the seeds for a happy retirement

Midcoast Financial Planning • August 29, 2023

The thought of retirement is an enticing one for many of us. Imagine throwing off the shackles of the workforce and being able to do whatever you want, whenever you want. But why wait until you are retired to do the things you love? 


Retirement is a time where we finally have the space to do what we want to do with our lives, whether that’s travel, developing and learning new skills, taking up hobbies or just enjoying the company of those we care about.


The problem with waiting until we are retired is we are postponing engaging in things that could be making us happy right now. Exploring what gives us joy now and developing those skills will make for a much easier transition as you wave goodbye to your working years.

Something to retire to

Retirement represents a big shift in the way we live our lives and it’s not uncommon for that adjustment to be a little challenging. For many, our jobs give us a profound sense of identity and define how we perceive ourselves, so our sense of self can suffer when we leave the workforce. There is also often a gap in our lives where work used to be.


That’s why rather than looking forward to retiring from something, ‘have something to retire to’ is a common piece of advice to encourage people to think about what they want their life to look like when they leave the workforce.



Think about what defines you now and satisfies you outside of work, and putting in place a plan of how that may play out in retirement can be a good idea.

Start today to do the things you love

While it can be hard to carve out time while you are still in the workforce, it’s possible to take small steps and set aside dedicated time each week or commit to activities that won’t take a lot of your time.


If you are keen to travel when you retire, consider signing up for a short course in the language of the country you are keen on visiting to get prepared for the trip of your dreams.


Or if you want to finally write that novel you’ve been mulling over for years, set aside a little time now to draft a framework and get a head start. Who knows by the time you retire you may be on your second novel!


Keen to do more exercise? Join a gym now and get into a routine – even if you only manage to get there a couple of times a week it’s a good start.



It takes a while to develop new habits and skills so starting to pick up the things you want to explore in retirement now sets you up for a smoother transition when you have more time to devote to these activities. Starting now also gives you a chance to try things out and see if they are something you want to commit time and energy to.


Fostering connections with those you care about

While spending time doing things you love makes for a happy and satisfying retirement, another important factor is being around people you enjoy being with.



Think about the people you enjoy spending time with and foster those friendships right now. Not only will it make for an easier transition when you retire, it will also bring you joy and the benefits of those relationships right now. There is always room in your life for making new friends too!

The best laid plans can change

It’s important to be open minded in your plan of how you see your retirement unfolding. Remember that not everyone retires on their own terms. Some need to retire sooner than expected or in a different manner than expected due to ill health, caring for a family member or because of a decision or situation in the workplace.



On that basis it’s important to live well now – enjoy your present life and embrace the things that make you happy as you’ll also be setting yourself up to enjoy retirement – whether it’s just around the corner or still a way off.

Older Couple on Couch Reviewing Finances — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant February 1, 2026
Getting on top of your finances is one of the most common new year’s resolutions. But sticking to them can be hard. If you want to get your finances unstuck, here’s five money tasks you can tick off during your summer down time, that will help set you up for success this year. Check your ... Read more
Woman and Child Laughing on a Couch — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant February 1, 2026
We plan for holidays, home renovations, and retirement but we’re less likely to plan for the unexpected. Life insurance is one quiet but powerful way to protect the people you love from financial stress if something happens to you. Whether you’re raising a family, supporting a partner, or building a business, life insurance helps ensure ... Read more
Black Jagged Lines on a Graph — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant February 1, 2026
Self-managed superannuation fund (SMSF) trustees always have a lot on their to-do lists but the first few months of 2026 are likely to be busier than usual. Topping the list is preparing for the introduction of Payday Super and the Better Targeted Superannuation Concessions on 1 July 2026. Payday Super is a change to when ... Read more
Three People Looking at Photos — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant January 25, 2026
A sudden death can place financial stress on those who depend on you. If this happens, life cover can help them pay the bills and other living expenses. What is life cover Life cover is also called ‘term life insurance’ or ‘death cover’. It pays a lump sum amount of money when you die. The ... Read more
Construction Workers — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant January 25, 2026
Men are earning on average A$9,753 more than women each year in the form of performance bonuses, allowances and overtime pay. That’s according to the latest gender pay gap data released on Thursday by the Workplace Gender Equality Agency. It covers more than 8,000 private companies for 2024–25, employing more than 5.4 million workers across ... Read more
Hands Cupped, Holding Soil — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant January 25, 2026
Investing may be all about the numbers – growth, returns and risk – to build a secure future but increasingly investors are interested in an even more meaningful approach. Four out of five respondents to a 2024 survey wanted their investments to have a positive impact in the world.i The survey, by the Responsible Investment ... Read more
Open-pit Mine With Tiered Levels — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant January 25, 2026
Few investment sectors combine geopolitical intrigue, technological innovation and long-term growth potential quite like rare earth elements (REEs). For Australians, the recent deal with the United States to supply rare earths to seed US$8.5 billion worth of new projects, has thrust the sector into the spotlight.i What are rare earths? Rare earth elements are a ... Read more
Woman Rock Climbing, Smiling — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant January 25, 2026
Retirement has often been seen as a time to slow down and enjoy the simple pleasures of daily life. And for many, that’s the dream. But retirement is no longer defined by one image or one path. In fact, it can be something much more expansive. Today, retirement is increasingly viewed as a time of ... Read more
Laptop Screen Displaying Code — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant January 25, 2026
Recently, there was an alert about the ASIC Moneysmart website being impersonated. It’s part of a growing – and increasingly sophisticated – trend of scammers targeting reputable, high traffic websites. These days, websites can be very easily set up and look quite professional without much effort, thanks to templates. So, whether you’re visiting the website ... Read more
Woman Taking an Older Man's Blood Pressure — Midcoast Financial Planning Group in Tuncurry, NSW
By Advant January 25, 2026
Ageing comes with wisdom, experience and a lifetime of stories, but it can also bring new challenges. Tasks that once felt effortless may now require support, and while many people assume the only option is moving into residential care, that isn’t the case. You can often receive the help you need while continuing to live ... Read more
Show More