- The first stage is a kind of “mourning” period. We are letting go of the past. Something that was familiar is now gone. It’s always an adjustment when the unfamiliar replaces a known quantity. I will be leaving behind a regular paycheck that fell gently into my bank account every month.
- Stage 2 We hit a kind of in-between time between what was and what is yet to be. This is a very emotional time. Not all the emotions are negative. For instance, one of those emotions upon retirement is joy. Many of us cope with joy by spending money, and it is not unknown for new retirees to spend more of their savings than is perhaps prudent on holidays or cars or other expensive items. We need to be ready for happiness when it comes, and not over react to it. I think a common second stage emotion in retirement is anxiety. The worry about money and making it last, health and making that last too.
- Stage3 is a time for getting back on the road.. This is the time to accept the change, modify behaviors as needed, and move forward. A time to feel that the best adaptation is to discover new ways to both think and behave. Entering fully into retirement does indeed require being willing to make changes in how we spend our time, and in what we find to be important. Not everyone deals with change in the same way or at the same pace. Not everyone deals with change with an equal degree of success. Being ready for the emotions of change, hopefully make changes easier to manage.
All food for thought!!
"It is time I stepped aside for a less experienced and less able man". Professor Scott Elledge