Happy Retirement Planning

How Is Your Retirement Planning?

I hope your retirement plans are better advanced than mine!

Despite being well past the age of UK retirement, I haven’t fully retired yet because I can't afford to – well, not if I want to carry on enjoying my present comfortable lifestyle:-)

I'm semi-retired, which is actually quite nice. It means that I can still carry on earning from my offline work, but choose my own hours.


The Future Could Be Bleak

If I get to the stage where I can no longer run my offline businesses, things will be different.

What if I need full time care – either live-in care or in a care-home? Neither is cheap in the UK. Do your own research where-ever you live.

At least I'm lucky enough to live in the UK where medical care is free. Many others do not have that luxury.

You hopefully realised that it’s never too early to start planning and saving for your retirement; but try telling that to ‘me’ even a few years ago. Here’s what I thought at the time – each point followed by what happened in reality:

  • I love my work, I’ll never want to retire – I still love my work, but it would be nice to take my foot off the pedal just a little, and to spend more time with family and friends who ARE retired and enjoying life on holidays or just chilling at home. Those I mix with express amazement that I'm still working, and however hard I protest that I enjoy it, the truth is that I feel a little stupid, and even envious of their financial freedom.pets in retirement
  • I’ll have made enough money from my current business that I don’t need to worry about a retirement income – I didn’t, because the business that was working well for me at the time changed its policies and restricted me to UK only trading. Not good online.
  • The state pension will provide me with enough to live on adequately – It doesn’t: just one car service can wipe out half of my monthly state pension income.
  • My expenses will be lower – Well they might be, if I didn’t wish to have more leisure time to travel and enjoy life before I’m too old. Although with more time spent at home, utility bills rise. And I'd finally have time for a pet or two (and their possible vet bills).
  • I’m already saving into a pension plan The company went bust and took most of my savings with it.
  • I have other savings – Yeah… earning, on average, 1% in the bank, less than the rate of inflation.

What's The Answer?

Finally it dawned on me that, without carrying on a business of some kind, I could be facing a life of – not poverty, but let’s just say – financial shortages. So I decided I needed to address the situation head-on and find a business to provide me with income for my years ahead.

mistakes to avoid in online businessI’ve spent a few years experimenting, with successes and failures, most of which are tracked on my part-time blog here. But every failure has taught me a lesson, so I now know what to avoid, and have found a solution.

If you are open to listening, I’m happy to pass this hard-won experience and save you from the same mistakes. Contact me for a free exploratory chat.

You’ll see some of my business posts on my blog here, and should you wish to find out more, please click the links for free, no obligation, information. Many of them are affiliate links from which I earn a small commission at no extra cost to you; but if it worries you that I make a retirement income here, please use the information but don't make any purchases from me.

You can contact me here on my blog or on my Facebook profile: Facebook.com/joy.healey

Don’t leave your own retirement planning too late, like I almost did!

Because I’m still working part-time, any business I run must take only a small amount of my time and be interesting too. If you're looking for an online business with:

  • No selling – so no sales targets
  • No stock holding
  • No technical expertise needed – free landing pages and videos ready made for you
  • No large cash investment – costs about the price of a night out per month
  • No regular commitment of time – promotion is completely optional

If any, or all, of those appeal – watch this free video: The number 1 method used by the mega-wealthy.

No Need Of Extra Retirement Income?

Great well done!

Please tell us how you did it, and offer your expertise in my:

Happy Retirement Planning Group

Whatever the state of your finances or retirement plans, please join us in my new Facebook group.  It's very small at the moment, but I plan to include:

  • Health tips
  • Holiday tips
  • Recipes
  • Saving tips
  • Alternative sources of income – maybe even yours?

I look forward to welcoming you in my new Facebook group: Happy Retirement Planning.

We want less of this:retirement worries

And more of this:retirement fun

Joy Healey

I left it too late to plan for a financially secure retirement. Don't make my mistake. Start building an extra income with a part-time (or full-time) business online. Think you don't have time? Can't afford the start-up cost? Can't meet sales targets? Contact me for free advice (no obligation) on the best fit for your circumstances. Exciting retirement business opportunities here.

Mahmudul Rubel - January 20, 2020

Hey Joy

I am too young. But I want to retire before 30. Now I am working hard to reach this kind of achivement

    Joy Healey - January 21, 2020

    Hi Mahmudel,

    Excellent! You’re not too young to think about retirement, so I’m really glad you have started making your plans in plenty of time (unlike me!) and you clearly have what it takes to get there. I’m sure your hard work WILL be rewarded.

    Joy Healey – Blogging After Dark

Kushal Pathania - January 20, 2020

Thank you for sharing this information. But i think everybody needs different retired plan.

    Joy Healey - January 21, 2020

    Hi Kushal,

    I absolutely agree with you – but what I worry about are the people who have NO retirement plan, and are spending all their current income with no thought of what will happen when their income dries up and they’re too old to work.

    Joy Healey – Blogging After Dark

James McAllister - January 24, 2020

Hi Joy! Hope you’ve been well.

I’m glad that you brought up this very important subject and I’m glad you’ve also taken into account all of the ‘what-if’ situations. So many people base their assumptions either off of how things are right now, or off of best-case scenarios.

I always try to recommend people base their targets higher than what they think they need, to account for all of life’s surprises. 1 million dollars seems like a lot of money, until your house burns down or someone you love gets cancer. Nobody likes to think about these things, but terrible, unfair things happen to us all at some point. The same can be said for income targets – we know we can live off of X amount of dollars, but it’s always nice to have a buffer.

Wishing you the best!

– James McAllister

    Joy Healey - January 24, 2020

    Hi James,
    Lovely to see you here again. I’m well and I hope you are too.

    Yes, I’m the classic case of not having planned ahead well enough as I somehow forgot I would ever get older. I am lucky enough to have an existing business income to ‘keep me going’ and some savings. But goodness knows what would happen if I could no longer work.

    I heard a really scary statistic on the radio earlier this week – in the UK 40% of the working population have less than £100 in savings. I’ve heard similar statistics for the USA. That’s just stunning – it’s not even a minor car repair provided for, let alone the far worse scenarios you mention.

    My own savings go into 5 different pots, by standing order each month, just like I pay my utility bills, so I don’t even notice them going out.
    I do one S/O to the UK Premium Bonds – ultra safe, but therefore low return, you have the chance to win a big prize but you can get your whole pot back within days. Two others goes to higher interest rate accounts, but still low return, as they’re ultra-safe and instant access. The 4th goes as small loans (no more than £110 each) to property investors, higher interest rate but more risky.

    Finally I send a similar amount to the club described in the post, but again that chunk is further split between 3 different companies chosen from about a dozen possibilities. One of those dozen has quadrupled in value; but most are just going along at a nice double figure (per annum) rate of return; one failed but is being managed to get it back into profitability. This is obviously a very long-term hold, not money I should expect to draw on to pay the car repair bill, whereas the lower risk accounts are ‘instant access’.

    I know from our previous conversations that you also have a very wise head regarding diversifying your investments. I wish more people your age did, because it’s those early funds that have the longest to mature.

    Good to hear from you again,

    Joy Healey – Blogging After Dark

Kathryn Maclean - January 24, 2020

Hi Joy
I just signed up for your Facebook Group. I think I am a good candidate as I am semi-retired but starting a new business from home.
Great idea for your group.

    Joy Healey - January 24, 2020

    Hi Kathryn,

    Thanks for signing up for the group. Pleased to have you there and have welcomed you.

    Looking forward to your posts 🙂

    Joy Healey – Blogging After Dark

shaqib malik - January 31, 2020

I always try to recommend people base their targets higher than what they think they need to account for all of life’s surprises. I still love my work, but it would be nice to take my foot off the pedal just a little and to spend more time with family and friends who ARE retired and enjoying life on holidays or just chilling at home. Thanx for the blog.

    Joy Healey - January 31, 2020

    Hi Shaqib,

    My sentiments exactly. I never expected to feel like a little slower business life, but I do now.

    And, yes, those little surprises from life still keep coming:-(

    Joy Healey – Blogging After Dark

Angela Giles - February 4, 2020

This is a good and timely article I came across today. Me and my husband are already building our retirement fund. I agree when you said that the future is bleak. Thank you for this.

    Joy Healey - February 5, 2020

    Hi Angela, Welcome to my blog.

    I’m glad you agree, and that you and your husband are actively making retirement plans to safeguard your future.

    Joy Healey – Blogging After Dark

Comments are closed