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 Post retirement plan survey

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GravityFi3ld
post Sep 25 2025, 06:02 PM

Nick Fury's Night Fury
*****
Senior Member
912 posts

Joined: Mar 2011
From: Infinity & Beyond
QUOTE(hoonanoo @ Sep 24 2025, 09:02 AM)
Gonna retire in 13 years...I must plan what to do after this. I am not sure if government would do extension for retirement from 60 to 65. Last I heard, Madani still discussing.

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Anything else i missed?
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13 Years is a long time, but also easily come and go in the blink of an eye. Funny how time works. sweat.gif

Might just be me, but I'd suggest insurance agent.
Now hold your horses, I ain't askin' you to go knock on doors at the ripe young age of 60.
Inherit the portfolio/clientele from an existing agent who is quitting/retiring. Let them guide you in YOUR first year as they handover the portfolio to YOU. When that year is done, the portfolio is yours and you may only need to meet a few of the people, otherwise the rest you can send reminder for renewals - you don't need to seek NEW people unless you want to. It won't see you running around much, but does keep you occupied with some income thumbsup.gif You could keep it up until you are satisfied, then let go to the next person laugh.gif

One thing we're experiencing is the increase in peeps who are jobless once 60+, their mental capacity is just deteriorating if not kept occupied.
You can blame old age, genetic, food we eat, air we breathe, but the age old saying "An Idle Mind = Workshop of the *insert your own version of negative holy moly*", senang dementia/alzheimer - end up social life koyak cause cannot hold conversation / control temper.
Keep yourself occupied, doing a small thing is better than doing nothing (and no, doom scrolling for hours on end doesn't count!) sweat.gif
GravityFi3ld
post Sep 26 2025, 02:16 PM

Nick Fury's Night Fury
*****
Senior Member
912 posts

Joined: Mar 2011
From: Infinity & Beyond
QUOTE(hoonanoo @ Sep 26 2025, 09:16 AM)
13 years is not a very long time, and it takes time to develop your post retirement career.

My advice is better do it now, before its too late.

A friend of mine was retrenched at 50, luckily he knew how to buy/sell land and do valuation. So he went to do this.

For eg, if let say you suddenly change boss or mgmt, they decided to fix u up, at least you have fall back plan. In case they do this to you at 55yo, you can fight in industrial court while doing your post retirement plan career.

I don't advise to do insurance agent, as a post retirement plan because clients want someone young, not an old guy to handle their insurance. Reason being, if anything happens to you, who is going to follow up or advise them?

Better start now, those career like tution needs a lot of time to research. I am planning to be maths tutor, it will take many years to master. Unless I want to do something like English tutor. Even for real estate, you need to build up your client list now but I prefer not to do real estate as they have quota, i don't have time for this.
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ah! you've found a path, that's great! you even have a back-up ready, if math doesn't make the cut, you can pivot to English! thumbsup.gif

 

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