Even if you’re fortunate enough to have enough funds for your retirement, this isn’t a guarantee that you will have an easy and smooth transition to retirement.
That’s because your finances is just a small part of the happiness and well-being aspect of retirement. More importantly, you need to be mentally and emotionally prepared for your life once you have left the workforce.
If you’re not sure whether you are ready for retirement or not, below are the signs that will tell you that you aren’t:
- More often than not, there’s nothing that you look forward to when you wake up.
- You still have your friends working at the company you just left.
- You identify yourself as someone doing the job or holding the position you used to have.
- You can’t think of any good reason to leave your house after you retire.
- You are often scared of the thought of leaving work.
Tips for Preparing Yourself Psychologically for Retirement
1. You have to understand that as a human being, you are accustomed to a routine. Thus, it won’t be any easier to just change your habits and lifestyle. When you retire, it’s important that you have something ready to replace your structure. You need a hobby, a sport, a cause, a purpose, or even a part-time job. You can’t just dive into retirement without making a proper plan for how you’re going to spend time after that.
2. According to research, gradually transitioning into retirement is so much better than retiring abruptly. If you go cold turkey, you will face a huge risk of getting depressed and feeling unhappy with your life. It is recommended that you take some sort of transitional approach into retirement. This means considering getting a temporary job, or an encore career perhaps.
3. Acceptance is also vital. In order for you to transition into retirement smoothly, you have to accept the fact that you will no longer be the person that you are in your job. You need to adjust to a different identity. Perhaps this time you will be a full-time parent, a grandparent, a volunteer, or others. What’s important is that you have awareness of how your life will change and how different your identity will become.
Retirement is usually more complicated than many of us think.
It’s not only about quitting a job or ending one’s career. This stage in your life will change the way you look at things. Thus, you have to think about it seriously, and if possible, work with a life coach who can help you prepare for your retirement. A life coach will also play an important role in your adjustment to your new life as a retiree.
Brexit Vote: Pound and Market to Knee-Jerk React Before Rebounding
Where the Real Money Is in Your Book of Business
Socially Responsible Investing is Not a Simple Choice
4 Ways Busy Professionals Can Knock Out Stress
When Ghosting Is Just Wrong
What Does Your Online Presence Say About You?
5 Steps To Nail A Successful Second Act
How to Make Your Team More Strategic
Upcoming Macroeconomic Events: January, February 2019
Going Independent With $100 Million in Assets Under Management
Investments21 hours ago
It’s Early, But EM Bonds Are Rebounding
Research21 hours ago
Complacency Defined: The Case of the High-Yield Bond Market
FinTech21 hours ago
10 Top FinTech Trends for 2019
Markets2 days ago
Markets Feeling Uncertainty Over How Long the Government Shutdown Will Continue
Strategies2 days ago
The Current Market Is More Opportunity for the Bulls Than the Bears
Financial Podcasts2 days ago
Factors Currently Influencing Market Volatility
Research4 days ago
The New Challenge For Buy-And-Hold Investing
Advisor4 days ago
Top 10 Bold Stock Market Predictions for 2019