Understand the 4 Phases of Retirement MAXIMIZE YOUR GOLDEN YEARS:
Trial and Error This phase is all about trying to make your life more meaningful. Often, the best path forward is to invest more time into your favorite activities. Be warned that many of these activities will have lost their luster, causing you to experience some trial and error. Don’t give up! Something will click to give you purpose, propelling you into
Leading up to your golden years, you’ll receive plenty of financial advice on preparing for retirement. You want to ensure you have enough money to last the duration of your retirement and maybe still have something left in your estate. This is incredibly important, but there’s more to retirement than simply saving your money and waiting. Author and speaker Dr. Riley Moynes has contemplated the psychological challenges that retirees face and determined that there are four distinct phases of retirement. Understanding these phases and preparing for their challenges will help you maximize your retirement. Vacation This phase is exactly what it sounds like. You’ll feel like you’re on vacation 24/7.
You wake up when you want, sleep when you want, and do whatever your heart desires throughout each day. We’re free from responsibilities and can enjoy each moment as it comes, but many people grow bored of this stage after the first year of retirement. We begin to miss our routine and question if there’s anything more to retirement. Loss This second stage begins when we start to feel like we’ve lost who we are. We lose our routine, our identity, many of the relationships we’ve built, a sense of purpose, and for some, a feeling of power. This is also the stage where retirees can face divorce, depression, and physical and mental decline. It can be traumatic when you don’t see these losses coming, but this phase doesn’t last forever.
phase four. Reinvent
Not everyone will make it to this stage. To get here, you must ask yourself, “What’s my mission in retirement?” Maybe you want to serve others by volunteering with a charity, or perhaps you simply want to improve your golf game. Finding that purpose and reinventing yourself around it will bring you more happiness during your golden years.
5 RETIREMENT HACKS FOR A COMFORTABLE FUTURE
Find a new routine. Once you enter retirement, your life gets shaken up. So, replace your old routines with new ones — the worst thing you can do for your mental health is to go from having a set routine to no routine at all! Step outside of your comfort zone. Finding new boundaries in retirement is a great way to find a new zest for life. Try new recipes, embrace new hobbies, explore new areas, and make new friends! Find that excitement! Retirement will be some of the best years of your life — it just requires some careful planning and execution to make the most of it without worry or stress! Here’s to you!
Your retirement should be filled with fun, rest, relaxation, and positivity. If you aren’t already, you should be focusing your attention on making the most of your newfound free time and embracing all that you love and value. To help you achieve a successful retirement with minimal stress or financial burdens, here are some life hacks you may find helpful! Wind down slowly. If you have already entered retirement or are planning to make the transition soon, easing slowly off your workload and out of your career can help reduce the shock and get you used to finding other ways to fill your time. Consider downsizing. To simplify your life and reduce costs, downsizing your home is a great option. You
can consider relocating to a smaller home, apartment, or condominium. The best part about moving
is that it forces you to go through your belongings and decide what you need, what can be
given away, and what can be tossed to help you declutter. Fuel your body properly. In retirement, it’s important to eat well, especially if you frequently snacked throughout your career. With the extra time available, explore some new healthy options and cooking styles. There’s nothing more important than properly fueling your body to ensure you can thoroughly enjoy your golden years.
2 • CampbellWealth.com
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