Retirement brings a tremendous number of potential changes, including the loss of work-related routines, like commuting, conversations with coworkers and work outings. This can lead to losing a sense of purpose in life. 2020 numbers show that almost one-third of retirees in the U.S. show symptoms of depression.That’s why it’s even more important to be prepared and explore the positive aspects of retirement early in the planning process
The Significance of Positive Conversation
With the indicated risk for depression also comes a tendency to not think about emotional needs in retirement. Retirees are more likely to prioritize financial needs and estate planning, before addressing what makes them happy, what they want to achieve in retirement or any other goals they might have. By trying to think about your own emotional needs, you can build positive habits once retirement starts.
Consider this experience from who is the recipient of the UW-UWRA Distinguished Retiree Excellence in Community Service Award. Mitchell chronicles his own retirement by using his experience and work in management organization research. Mitchell points to emotions like loneliness and disorientation being normal, because "interpersonal engagements" change in retirement.
For example, you'll likely experience an emotional response as you say goodbye to people, places and experiences that were a normal part of your daily work-centered routines.
Paying attention to how you engage with people before you retire is key - this will help in creating a clearer picture of what's important to you, etc..., how you want to live in retirement and how to get there. By embracing new opportunities and finding meaning in your retirement, you are more likely to set yourself up for success in retirement planning.
Retirement planning can be overwhelming. That’s without adding other stressors like emotional wellbeing to the equation. Here are five topics that can help you be better prepared and set you up for a positive approach to retirement planning and help others understand your plan.
1. What does your dream retirement look like?
This is a great first step that can help determine where you stand and how to express what you would like. Is there a specific location you’re interested in? Do you want to continue living independently or are you interested in communal living? Is there a need to work part-time or do you prefer a job that might help you find a sense of purpose? What are some of the purchases you’d like
2. Who provides health care in retirement and why is it important?
An IRI study highlights one of the major concerns for near-retirees and retirees is health care and staying healthy. Roughly 80% of both groups said they worry about increasing health care costs and the impact of long-term care, specifically.What will health care look like for you? If you retire before you’re 65 and lose your job-based health plan when you do, you can use the Health Insurance Marketplace® to buy a plan.Keeping enrollment information, pot