Found an interesting article which suggests that apart from financial planning one must also focus upon psycho-social retirement planning like taking up hobbies, social interest and participating in social interactions for adapting well with retirement. (http://economictimes.indiatimes.com/wealth/plan/retirement-planning-is-more-than-money-part-time-jobs-social-interests-help-in-transition/articleshow/54375303.cms)
I agree with this very much because I have seen many financially sound elderly to be facing lot of problem while adapting with retirement because though they are financially prepared for it but are not ready for it at social and emotional end. While collecting data for my Master’s Dissertation which focused upon studying the process of Senior’s adaptation to retirement, many of my participants emphasised on the above point by saying that for adapting well with retirement one has to be prepared for it economically, mentally and socially.
Based on my observations I can say that those who take retirement as one of the transition in life and who believe in enjoying life or exploring new interests are the one who remain happy after retirement and adapt well with it.
Same post has been shared on my Facebook page: www.facebook.com/productiveageing
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