Why Retirement Is Becoming A New Chapter Rather Than a Finish Line

For many people, retirement used to represent a time to slow down.

It was often viewed as the end of a career, the beginning of a quieter lifestyle, and a chance to take life at a more relaxed pace.

Today, however, retirement looks very different.

Research commissioned by My Pension Expert suggests that people approaching retirement are living fuller, more active lives than previous generations. From travelling and pursuing new hobbies to prioritising health and wellbeing, many are viewing retirement not as an ending, but as the start of an exciting new chapter.

The challenge is ensuring their finances are ready to support it.

Retirement Doesn’t Mean Slowing Down

The idea that retirement is all about putting your feet up is becoming increasingly outdated.

Many people in their 50s are actively embracing new experiences and interests. In fact, more than one in four people in their 50s (28%) say they have picked up more hobbies as they’ve got older

For most popular hobbies include:

Reading (48%)

Cooking and baking (44%)

Gardening (40%)

Travelling (38%)

Sports and Fitness (29%)

These findings suggest that many people see later life as an opportunity to explore interests they may not have had time for during their working years.

Retirement is becoming less about slowing down and more about having the freedom to spend time doing the things that matter most.

A Growing Focus On Health And Wellbeing

The report also highlights a growing emphasis on health among today’s over-50s.

Two-thirds of Gen X respondents say they prioritise their health more now than when they were younger, while four in five report adopting healthier diets.

This reflects a broader shift in attitudes towards ageing.

Rather than viewing retirement as a period of decline, many people are focusing on maintaining active, healthy lifestyles for as long as possible. Whether that’s regular exercise, healthier eating habits or simply making wellbeing a priority, retirement is increasingly being viewed as a stage of life to be enjoyed.

More Time For Experiences

Experiences are also becoming a bigger priority.

The research found that 44% of people aged 45 to 59 travel multiple times every six months.

For some, retirement may create opportunities to travel more frequently, spend time with family, pursue personal goals or explore new interests.

However those ambitions often rely on having the financial flexibility to support them.

The retirement people aspire to today may look very different from previous generations, but achieving it still requires planning.

The Retirement Gap Between Aspiration And Preparation

While many people have clear ideas about how they would like to spend their retirement, fewer feel confident about their financial readiness.

More than half (54%) of people aged 45 to 59 say they do not feel secure about their financial position heading into retirement.

At the same time, nearly two-thirds (64%) of those turning 50 in the next five years have never sought advice about their income later in life.

This suggests that while many people are actively planning for the lifestyle they want, they may be less engaged with the financial planning needed to support it.

The consequences can sometimes be felt later. The report found that 27% of pensioners believe their retirement income is lower than they expected when they were 50.

Building A Retirement Around Your Goals

Retirement means different things to different people. For some, it may be about travelling more. For others, it may be spending time with family, pursuing hobbies, starting a business, volunteering or simply enjoying greater flexibility and freedom.

Whatever your goals, understanding your pension and retirement options can help you make informed decisions about the future.

Speaking with a pension expert can help you better understand where you are today, the options available to you and how your retirement plans align with your long-term goals.

Looking Ahead

Retirement is no longer simply the end of a working life. It can be an opportunity to focus on experiences, wellbeing, personal interests and new ambitions.

The sooner you begin engaging with your retirement planning, the more opportunity you may have to prepare for the future you want.

At My Pension Expert, we help people navigate retirement planning with clear, straightforward guidance and regulated financial advice. Whether retirement is just around the corner or still several years away, understanding your options today could help you feel more confident about tomorrow.