Too often people enter retirement with plenty of money but lose their sense of purpose, feel alone, less relevant, and either become depressed or turn to drugs and alcohol to try and fend it off.
Reality is not everyone is aging gracefully; they’re not as mobile and capable as they were before; and many are finding themselves alone instead of surrounded by “peace and love.”
Combine statistics and research on divorce, physical well-being and social networks and you have the making for a massive paradigm shift in retirement that demands more time and energy be committed to planning for the non-financial aspects of it:
Fact is, the dark side of retirement is all-to-real, and requires new and existing retirees to make specific plans to help them avoid these dangers. Creating a successful transition from the workplace to life in retirement requires people to embrace the fact that for every hour invested in traditional retirement planning an equal amount of time should be spent on issues such as:
- Replacing their work identity
- Establishing a healthy and active lifestyle
- Staying socially connected and involved
- Resolving relationship wants and needs before they turn into points of
Making the transition into retirement is not always easy or automatic. Therefore, people must acknowledge the challenges they may face and seek out tools, resources, and professionals to help them address aspects of their mental health.
Have you been impacted by depression, addiction, or suicide? Please use the comments below to share your experience and feedback.