is a major milestone — a moment to turn a new page to a chapter you’ve probably
dreamed about for decades. People look forward to unencumbered schedules,
freedom to travel, spending more time with relatives or moving to a dream home
on the beach. Retirees often have big expectations about what a life of leisure
may bring only to find out that they miss the routine and camaraderie of going
to work each day. Or that moving to their favorite vacation destination means
leaving all their friends behind.
not uncommon for retirees to experience a surge
of well-being and happiness directly after retirement, followed by a decline in
life satisfaction as time passes. But you can avoid some of the stress
and anxiety that retirement can bring with a smart pre-retirement strategy to
help smooth out the transition.
Your Toe in Retirement Waters
day after you retire might seem like plunging into the deep end of the pool –
your daily work-life routine suddenly stops cold. So, instead of jumping in,
consider wading into retirement with a transitional job. Maybe your current
employer will let you step down to part-time work for several months — or
you can explore a new opportunity with a bridge job that keeps you in the
workforce (and keeps your retirement account growing) while lightening your
schedule. Your WellCents financial professional can help you figure out how
much income you’ll need in order to make a gradual transition into retirement.
to Something Else
to your last day at work, make plans and lay the groundwork for what you’ll
retire to — not just the job you’ll retire from. Join a community
or volunteer organization now. Get to know them and what the possibilities are
so that when you retire you’ve already found a group you like, and are ready to
fully engage in — or ramp up — your participation.
closer to children and grandchildren or relocating to a favorite vacation
destination can sound like the perfect retirement plan. But it can also lead to
disappointment — family may be busy with other activities or your vacation spot
might be lonely without a group of friends. Invest in your new community before
you make the big move. Plan longer trips to the area so that you can take part in
local activities, meet people, start new friendships and have something to do
outside of your family circle.
Invest in Prep
like the time and financial investment you make toward retirement readiness,
investing effort and energy into retirement prep can yield big rewards. Talk to
your spouse, family and friends about the dream you have in mind for your
golden years and discuss how it aligns with theirs. Make a plan and start
investing in your dream well before your last day of work. Contact your
WellCents financial professional to check your financial readiness and figure
out the best time to kick off your retirement pre-game.