Plunging into retirement can be psychologically unsettling. In fact, a recent poll showed that 39% of retirees who returned to work did so not because they needed the income, but because they were bored.
A new stage of life
Financial aspects of retirement are generally fairly well known. Preparing to handle the psychological and emotional aspects of retirement is something else we should consider.
In the end, retirement is about much more than money; it’s about making a major transition — from a life where work plays a major role to one for which you’ll need to find different sources of contentment, self-worth, and social interaction. One way to ensure your decisions are the right ones is to take a phased-in approach to retirement.
Try before you buy
A gradual approach to leaving the workplace can allow you to acclimatize to a new life and find interests and activities that will keep you occupied and satisfied.
Let’s consider whether you can arrange with your employer to reduce working hours or to work part time. Increasingly, employers are open to this approach because it works to their benefit as well.
If that’s not feasible, consider alternatives such as a part-time consultancy or working reduced hours for another employer. If you’re self-employed, you can set your own retirement agenda.
Find out how you can “test drive” retirement with a phased-in approach by talking to us. It could be the first step on the road to a more fulfilling life.