“I’m Going to Travel and Golf” is NOT a Retirement Plan

Does this scenario sound like you? You are busy working full-time, maybe raising kids or tending your business and before you know it, your retirement years are fast approaching. You have squirreled away your savings and you know life is going to be sooooo good once you log off your work computer for the final time!! You know exactly what you are going to do: travel and golf! What is the big deal about planning for that right? Wrong!

I cannot count the number of times I have presented to a group of people approaching retirement who have yet to sort out the how, where, with whom and why of psychologically preparing for retirement or their “third act.” I distinctly remember a couple who were surprised (and shocked) to discover they had polar-opposite views on how they pictured a typical day in retirement!

Research has shown that the more planning you do BEFORE retirement around redefining your purpose, adjusting to a new routine, navigating shifts in identity, and rediscovering what makes you tick (i.e., values, attitudes, and beliefs), the BETTER your retirement years will be. Through research and planning, you will soon discover that phase one of retirement (the “honeymoon”) where you do “travel and golf” will be exhilarating. You will also find that phase two of retirement can be difficult if you have not taken the time to prepare for this major change.

So, how can you mentally prepare for retirement to ensure that it is fulfilling and joyful? Whether you are ten months away or 10 years away, the key is to start planning NOW.

Redefine Your Purpose:

For many of us, work provides a sense of identity and meaning. When we retire, we need to find new sources of fulfilment. Ask yourself: What brings me joy and satisfaction? How can I contribute to my community and family? What are some goals that I have always wanted to pursue?

Create Your New Routine:

One of the biggest psychological shifts in retirement is moving from a structured work schedule to open-ended days. While freedom is exciting, it can also feel overwhelming. Establishing a daily or weekly routine can provide stability and direction. What morning ritual will work best for you? Exercise? Social connections? Community involvement?

Strengthen Your Social Connections:

Work often serves as a primary social network, and retirement can sometimes lead to feelings of isolation. Maintaining and building relationships is key to your future emotional well-being. It is never too early to check out clubs, groups or classes that pique your interest. Do not forget to build in time for family and friends and even seek out new social opportunities. You may not have time to do many extra-curricular activities pre-retirement, but the more knowledgeable you are about them, the better.?

Stay tuned for Part II of “I’m Going to Travel and Golf” is NOT a Retirement Plan, and more how-to tips on creating the best retirement ever!

Lana B. is a Certified Facilitator for “Retire to the Life You Design.” If you are looking to plan your best retirement or third act for yourself or your employees, contact Lana B. to discuss your customized workshop or personal coaching.