Prepare for the Emotional Transition to Retirement
When it comes to retirement, most of us focus on our finances: How will we sustain our life without a steady income? But it’s equally important to consider the emotional side — before you reach retirement age. How can you set yourself up for a smooth transition? Close relationships are the biggest predictor of happiness, so invest in your relationships with family and friends. And as you approach the end of your career, create networks beyond the office through things like volunteer work in your community, hobbies that involve partners or groups, or mentoring budding entrepreneurs or others in your field. You can also take on part-time or interim work as a consultant or a board member for companies or nonprofits. While navigating these options may seem daunting, it’s well worth the time and effort to plan ahead for how you’ll remain engaged, fulfilled, and connected as you enter this new chapter of life.
“3 Tips for a Smooth Transition into Retirement,” by Manfred F. R. Kets de Vries