Prepare psychologically for retirement
July 16th, 2017
“Is Sunday evening the best part of your week? Many recent retirees tell me they savor their Sunday evenings, because they are no longer stressed about going to work on Monday morning.
Today’s article covers how to prepare psychologically for retirement. Next month’s will cover how to prepare financially for retirement.
Mitch Anthony recommends that we strive to retire to something rather than retire from something in his book The New Retirementality. This may be a play on words, but it reinforces the importance of preparing for retirement.
The days when a man retired at age 65 and died at age 67 are long gone. We now have 25- to 30-year retirements for men and women. Retirement is a major phase of our life, and it is important to plan properly. Use the following steps as a roadmap to a joyful retirement.
- Ponder your retirement
- Add some structure
- Embrace change
- Plan something special.”
Donna Skeels Cygan, CFP, MBA, is the author of “The Joy of Financial Security.” She has been the owner and financial planner for her own firm in Albuquerque for 19 years.