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  • Writer's pictureSage

Are You Psychologically Ready To Retire?

Updated: Sep 23, 2020

As far as milestones go, perhaps no other life stage elicits feelings of both trepidation and excitement as retirement. Retirement can be a scary prospect and a step out of your comfort zone and into the unknown.

If you think about it, you’ve worked for around 40 plus years. Your job is part of who you are. It gave you a routine and a sense of purpose. What happens then once you retire? Life expectancy is now at a record high, so how will you fill your days for the next 30 or so years?

So many people fail to understand just how drastically their life will change. Retirement needs a transition period that takes place over several years and requires a great deal of adaptability and resilience. It takes some serious planning and while the focus of retirement planning is usually centred on being financially ready, there is not enough emphasis on being emotionally ready.

Take away the routine and replace it with an empty space and it’s no wonder this sudden loss of identity can lead to anxiety, hopelessness, feeling useless and intense boredom.

So how do you carve out a new identity for yourself? Do you even have to, or can you carry your identity, passion and purpose into your new life?

Retirement may mean an end to your working life, but it doesn’t mean you’re resigned to the scrap heap. Retirement means so much more than gardening and looking after the grand kids. With a sudden increase in time-freedom, retirees now-a-days are maximising their leisure time with fervor.

Starting a new venture, going back to uni, being a mentor, volunteering; the possibilities are endless. You can be whoever you choose to be!

The truth is, that with retirement, comes the prospect of new opportunities, new pursuits, new freedom and a completely new outlook on life. All you need to do is set aside as much time (if not more) on emotionally planning your retirement, as you would on financial retirement planning.

Get in contact with us today for a complimentary transition to retirement advice. Our Retirement Specialists can devise a framework for success so when the time comes, you’ll be ready to face your retirement with confidence.

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