Anti aging guide

When and How to Retire Happily



What is the best time to retire and how to retire happily

Until recently there were increasing pressures to persuade people to retire early. This was a consequence of high unemployment in the UK and other parts of the western world. However, for the remainder of this century and for the beginning of the next, the situation will be remarkably different, except during recessions. Demographic changes will result in a fall in the number of young people entering the employment market. To compensate, older people will be encouraged to remain at work or even to retrain for alternative employment.

The age of retirement is clearly a movable milestone in life. The fact that the end-points are artificial can be seen from the varying ages used. For example, in the UK, 65 is usual for most men and 60 for women. In general, people will be encouraged or persuaded to leave the workforce according to the rules of supply and demand. It is, however, not unreasonable that those whose finances and health are secure should be able to decide for themselves when they wish to make such a major change in their lives.

Those who retire early by choice tend to have happier and longer retirements. Those who have enjoyed variety in life are more likely to do so in retirement than those who have not. A full, broad, and prolonged education is also likely to stand a person in good stead when retirement is reached. Those who have found happiness and fulfillment in work are just as likely to find the same satisfaction in an active retirement.

Retirement is likely to be unhappy when it occurs without warning, choice, or planning – for example, enforced early retirement, due either to redundancy or ill-health. It is the victims of these traumas who are likely to fall as early casualties to death when they cease to work.

If one has complete freedom of choice about the timing of retirement, the next decision is the speed at which the change should be made. For most people withdrawal is sudden, but it need not be so. For some the opportunity to wean themselves off work is an attractive possibility. By working part-time it will be possible to gradually give up responsibilities whilst developing important new activities. A gradual transition from work to retirement will also help to ease the financial changes that are likely to occur. Marital adjustments may also be easier if stopping work is gradual, the shrewd female definition of retirement – ‘twice as much husband on half as much money’ – may be softened by the combination of half-time work and half-time play plus half-time pay.

Posted by Carol Hudgens - March 26, 2012 at 3:23 pm