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5 Undeniable Reasons Why People Hate Retirement

5 Undeniable Reasons Why People Hate Retirement

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So you’re retired? What’s not to like? There’s an old adage that the trouble with retirement is that you never get a day off! While that may be true for many of us, the fact is that many retirees, on waking up and finding themselves with nowhere to go, nothing to do, and no one to do it with are at a loss about how to proceed. Not only is this is completely unnecessary; a huge part of the problem has to do with attitude.

Don’t Retire, Rewire!

An expression we like is rewire, based on a program created by life coaches Jeri Sedlar and Rick Miners. They’re completely upfront about the challenges of retirement, acknowledging that while some retirees see it as a gift others view it as a curse.

The fact of the matter is that we all have a choice, and wallowing in retirement negativity need not be one of them. For every problem, there’s a solution.

Here are five reasons why people hate retirement, and five sensible strategies to neutralize the problem or, better yet, eliminate it altogether:

1. Some People Hate Being Lonely

Before you retire from work, think about creating a social network in advance. Retirement can be a very lonely place. Work friends often are just that. Work friends. Take the context of work away and, quite possibly, they won’t necessarily be friends any more.If you haven’t done so already, consider joining clubs, volunteer, take up a sport or consider a part time job where you will meet new people. Make time for your friends outside of your former workplace, as well as family.

2. Some People Hate the Idea of Not Having a Monthly Salary

The loss of a guaranteed monthly income, i.e. your salary, is a huge issue. You may hate dipping into your hard earned savings or retirement funds. The solution is to ensure pre-retirement that you have set up an income flow that you will be comfortable with and can afford.We suggest you consult a financial advisor or accountant well in advance of your retirement so that you are armed with a plan. Prepare a realistic budget based on your investments, assets and projected pension(s). Having a reasonable level of security helps make retirement appealing. But knowing your financial wellbeing is in good hands makes the retirement prospect one that is going to be potentially more enjoyable.

3. Some People Hate Missing the Buzz of Work

Many retirees have problems adjusting to having a lot of free time instead of going to work for a regularly scheduled eight hours per day. Most of us identify ourselves by the work we do. We got a buzz from it.Get the buzz back. Identify and start doing something you’ve always wanted to do, like learning a new skill – This takes hard work. That’s where the buzz is! Put yourself under work-like pressure to succeed. Set your goals, set the deadlines and experience a new buzz in your life. Or use an existing skill and create your own new job and enjoy the buzz that generates.Create a new you. Working part time in retirement can be the solution. You have a lifetime of valuable experience and skills. Entrepreneurial seniors can find outlets for those skills and continue to work part time doing the things they like to do. Expand on a hobby – try to make money as a consultant or tutor. Freelancing allows you to earn money in retirement and still leave room for the rest and relaxation you deserve.

4. Some People Simply Hate Being Home All Day

Wow! If you are part of a married couple or similar, you now have someone else hanging around in your space – all day – everyday. Used to be one or both of you left early in the morning and came home later in the evening. Now, both of you are there, in the same space. This can be daunting, to put it mildly. Learning how to give each other the space you need can be challenging. This is where point number three comes in handy. Get active and do it outside the home.A friend of ours owned a very successful gas station in the Laurentians, north of Montreal. In addition to gas, he ran a car wash, sold snacks, beer, propane tanks for barbecues, and much else besides. When he announced to his wife he planned to sell his thriving business and retire, she was aghast. ‘I hope you’re not planning to put your feet up around the house all day,’ she warned. ‘You’ll just be in my way!’ He got the point. Already an accomplished tennis player, he took a coaching course and now teaches tennis classes to kids three days a week. Problem solved!

5. Some People Hate the Term Retire

The word ‘retire’ has many negative connotations. You retire something because it’s broken, old, worn out or just useless. Is that you? No! There was a time when, statistically, we worked to the age of 65 and, again the statistics prove, died at 70.Today’s retirees are younger physically, mentally, and spiritually than they were generations ago. Did your parents go to spinning classes at the local gym in their 70s? No. Today’s retiree is capable of so much more. And that’s where rewire comes in. If you do some or all of points 1 – 4, you’ll be well on your way to rewiring your entire retirement life, and that’s when the fun starts!

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Everything Retirement is passionate about creating stronger relationships with our members, clients and communities to improve their financial well-being and enrich people’s lives. We provide retirees and pre-retirees with the practical tools necessary to embark on a life of retirement with knowledge, insight and optimism.