The Humans vs Retirement Podcast Lessons and experiences through the lens of a real-life retirement journey with Andy Murphy
Jun 26, 2023
Andy Murphy, a former banker with over 40 years in finance, shares his candid experiences transitioning into retirement. He discusses the surprises of losing routine and identity beyond financial matters, emphasizing the importance of involving partners in planning. Andy highlights his newfound passions, like music discovery, and the significance of flexible goals. He reflects on learning from the past while creating a new purpose for himself, proving that retirement can be a journey of rediscovery and growth.
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Pension Surprise And Reallocation
- Andy discovered his workplace pension was mostly invested in equities, not the balanced funds he expected.
- He moved his pension with Dan's advice to match his and Tina's risk preferences and felt relieved about the money side.
Small Triggers Spark Big Retirement Decisions
- A money trigger pushed Andy to seriously consider retirement years before leaving work.
- Small prompts like a colleague's comment can create the momentum to get financial affairs in order.
Retirement As A New Beginning
- Retirement isn't just stopping work; it's beginning something new that requires identity work.
- Andy realised he must rediscover who he is beyond his job after decades of work.