When I think about retirement, I can’t help but look towards my parents who have accomplished the “retire by the beach” scenario every person seems to aspire for. However, my parents are far from living the stereotypical sedentary, retired lifestyle because they’re overseeing a beach resort in Biliran and with it comes the usual headaches of managing a group of people, ensuring that operations run smoothly (or frankly that they just run, period), balancing the books etc. I’m not exaggerating when I say that they’re busier now than they were pre-retirement and that my mom probably misses the security of having a steady source of income. Anyway, the point is that they were able to successfully accomplish what they’ve been working for all of these years and for that, you have to give them credit.

When I think of my own retirement, I definitely see myself living in a quiet house near the ocean (with nary a karaoke within hearing distance). Maybe I’ll help out in managing the resort or maybe I won’t, heck, there might not even be a resort to run by the time I retire! But I will have my own quiet little space with a killer view of the ocean, kind of like this house in Barbados:

I might even set up camp in Moalboal Cebu, where my mother’s side is from, if Biliran no longer appeals to me by then. But while I’m still not sure where I’ll be settling when that time comes, you can be certain that I’m already setting the foundation this early to ensure that I’ll be retiring in comfort.

Of course, comfort is relative, such that one person may be happy in a 30sqm studio with the basic amenities, while another considers a pool and a guesthouse as non-negotiables. Different strokes for different folks talaga. For me though, comfort means having enough financially to travel 2-3 times a year, having my own place where I can read all day if I wanted to and then host a dinner party that same evening just because I can. It’s not exactly basic to be frank, but it’s also far from champagne wishes and caviar dreams. As you can see, I still aim for moderation even in retirement.

To keep myself busy, I want to help out in running the resort or maybe even teach in the local university. Just like my parents, I want to continue working even well into retirement, specially since I have this vision of retiring early and it seems like such a waste to spend the next 25-30 years of my life just napping or gadding about. Now I understand why people get excited about retirement, the possibilities just seem endless when you no longer have to work for pay.

In the second post of my retirement series, I’ll talk about figuring out how much I’ll be needing for retirement and for the third post, exactly how to go about funding my retirement.

Be sure to watch out for those!

7 Comments on Visualizing Retirement (Part 1 of 3 in the Retirement Series)

  1. rach
    January 17, 2015 at 11:56 pm (3 years ago)

    Nice post! I will look forward to read the next post.

    I am not sure if what we have done is what you call retirement or shift of roles because instead of being employees, we want to be entrepreneurs.

    I wonder why your parents are running the resort? Was that what they have saved for?

    Reply
  2. Jillsabs
    January 18, 2015 at 12:04 am (3 years ago)

    This comment has been removed by the author.

    Reply
  3. Jillsabs
    January 18, 2015 at 12:07 am (3 years ago)

    Hi Rach,

    The resort was started by my grandparents and the issue of who will take over has always been there even before they passed away. The role of manager fell to my father because he was the one who retired there, but even now, he refuses to be the "manager", saying that he will not micro-manage (i.e. ensure that the daily operations run smoothly) and will only be the CEO. In short, nobody wants the overwhelming task of being the manager, so my brother and mother help each other out in managing the resort.

    My dad saved up for all sorts of businesses (i.e. chicken farm, fish farm) in preparation for retirement but none succeeded because of staff issues again. My dad was managing it "remote control" style, by calling and checking up on the manager every few days. But you can't run a business like that, you have to be hands on and he learned the hard way.

    Reply
  4. edelweiza
    January 21, 2015 at 12:01 am (3 years ago)

    I'd like to aim for moderation, too, when I retire. There are some things that I can't live without (e.g. good food, dates with family, travels, etc.), though, so I wanna make sure I'll be able to afford them when I retire. 🙂

    Reply
  5. OFW Escapology
    January 25, 2015 at 11:22 pm (3 years ago)

    Hi Jill,

    I heard that the beaches in Moalboal Cebu is great. 🙂 They used to refer it a hidden gem in Cebu.

    Anyway, I do dream of retirement too since I started working. I want to retire from being a 9-5 office worker and pursue other interesting and worthy things.

    But of course, I need to have financial cushion first and other stream of incomes before I can retire.

    My goal is to work because I want to, not because I need to.. 🙂

    Reply
  6. Jillsabs
    January 25, 2015 at 11:39 pm (3 years ago)

    My goal is to work because I want to, not because I need to.. 🙂

    That's my dream too. To not be chained to a job because of the paycheck and to channel my energy and talents towards something that will contribute to the greater good or nation building.

    Reply
  7. rach
    February 3, 2015 at 11:01 pm (3 years ago)

    I see. We do plan to be hands on in case we have a biz venture that comes along too.

    Hope to hear from you soon (re my comment on your other post!) 🙂

    Reply

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