I read a blog by RB reflecting on his post-working life and it got me thinking of my own journey too. My "retirement" journey, that is. I have placed the word "retirement" in parentheses because I do not define retirement in the "traditional sense" - where one stops working professionally after decades of work. It is too narrowly defined, imo. To me, retirement is a state of mind - a state where one is financially stable and does what is meaningful to him. This definition is independent of work. As such, one can be working (or otherwise) and still be considered retired.
In Sgp, the current retirement age is 64 and this will be increased to 65 by 2030. For me, I told myself that I would want to continue working even after my retirement age. And I would work for the engagement, and not for the salary. This is important to me because, as a single gay person, apart from a couple of close friends, working is an important means to keep engaged with the community and society at large. It keeps one emotionally, mentally and physically healthy.
This underpinned my decision to become a freelancer, and freelance in roles that are meaningful to me. This made me think deeply about "what is meaningful to me". It made me reflect on my purpose in life. It was a difficult thought process that took me years to crystallise. The latest articulation of it is simply this: to be able to help people and society. With this thought, the choice of what I wanted to do became clearer. I would be a coach, a mentor and a trainer. These are roles where I can help people, share my experiences, and support people as they navigate life, professionally or personally.
I am a realist when it comes to age. Like it or not, the society we live in is an ageist one. And as an HR person, I am very well aware that when people (read: employers) see the "6" in front of your age, whatever value you can contribute to them will take a backseat, and your resume gets put away. So I left my corporate life end-2023, at the age of 57 to prepare myself. To be a coach, trainer and mentor, there were skills, certifications and networks that I needed to establish. And I needed to get all these settled by the time I reached 60.
I am now 3 months shy of 60. I have obtained the necessary certifications and I have established myself as a qualified trainer, a professional coach and a mentor. The training companies I have signed up with recognise my value and come to me when there are projects. I have the prerogative to accept or decline the projects when they are offered. For coaching, I have been doing it on a pro-bono basis, as and when my base of clients comes to me. Although the frequency is not as high as training, the coaching sessions have been deeply meaningful. The same goes for mentoring.
When I talk about retirement, it goes beyond just work and keeping engaged. There are tangibles, such as finances, housing, and so on that must be considered. I am grateful that the financial audit I did before leaving corporate gave me a clarity of how much I actually need - operational cost, in corporate lingo. This provided me with the basis to accept or reject training opportunities. I just need to train enough to sustain my lifestyle without needing to dip into my savings. It has worked wonderfully well for me thus far. I am, of course, definitely more conscious of my spending these days. But that is a good thing. I am in control of it.
On a broader scale, I have also considered the longer-term financial aspects, such as CPF and housing. After a long thought process, I am ready to liquidate my current apartment and move to public housing. I have already started the application process. The aim is to purchase one at a location of my choice. If the application is successful, the construction will take 3-plus years, and I should be able to move in when I am 63, or latest 64. My CPF LIFE will kick in at 65. With these tangible aspects in place, I am reasonably confident I have put myself in a financially comfortable position for the rest of my life.
What I have captured above are, in many ways, the easier aspects of post-corporate life planning. What is probably the most challenging for me is my sense of self-identity. I have alluded to it when I mentioned "purpose" earlier. For the longest time in my life, my identity had been closely linked to my professional identity. Leaving corporate, having time in my own hands, forced me to revisit my identity and the whole purpose in life.
What am I? Who am I?
Thinking deeply about my purpose also forced me to look at my beliefs and my values. It took me a long while to look inwards and re-examine myself. I am sure my "purpose" will morph as time passes, and with it, my daily habits and lifestyle. But I am not in a rush. After all, time is what I have now. And I give myself permission to take my time as I relearn about myself, to relax, to pursue my hobbies, to work, to go on holidays, or, simply, to do nothing. Importantly, what is most meaningful to me is to be aware, to live in the present moment, to be grateful, to be compassionate to others and to self, and to live life mindfully.
Ultimately, it’s my life and I decide how I live it. I am in control. I define what retirement is and...
I retire on my terms.
