Baby Boomers and Retirement
Are you are a Baby Boomer who is nearing retirement or recently retired? Have you planned for your retirement? Many Baby Boomers will have visited a financial planner and put some sort of financial plan in place, but how many people have made a lifestyle plan for retirement?
For many people retirement means taking a long overseas holiday but then what? What do you do with yourself after the holiday ends? How do you fill your time? How do you maintain your sense of purpose and self-esteem?
During our working life for 5 days a week, 48 weeks a year our day is planned for us, from what time we get up, what clothes we wear and what time we have lunch. Apart from routine, and of course money, there are other benefits of work such as mental stimulation, social contact, sense of purpose and achievement. Retirees without a good lifestyle plan may struggle to fulfil these needs and as a result their sense of well-being will suffer.
For many people work forms a large part of their identity, and without work they lose their sense of who they are. I know people facing retirement who are afraid to retire because they don’t know what to do with themselves if they are not working.
Lifestyle planning for retirement can help individuals find fulfilment after full time work ends and maintain a sense of purpose and social contact through other activities. Contact me to find out about my coaching packages.