One way of laying the foundation for a successful retirement, according to the latest research

There are 20 million search results for? “Retirement Readiness” on Google. The vast majority of these results highlight companies which compete in the endless sea of solutions to tackle potential financial shortcomings and threats to a retiree's wallet.?

As a soon-to-be retiree, being prepared doesn't entirely mean being ready to plan a budget - it's about handling the future changes that hypothetically could turn into challenges affecting their wellness and lifestyle. New challenges that evolve from not being prepared for retirement address issues such as: How can we guarantee that soon-to-be retirees find new healthy habits to replace previous work routines? Will they keep a sense of purpose while stepping into new shoes as a retiree, whilst reidentifying new drivers to daily motivation??

What lays the foundation for a successful retirement?

Although retirement is most related to financial preparedness, research has revealed that a successful retirement relates to leisure activities like social networking, travel, hobbies, sports, and games. On that note, it's also important that individuals’ journey towards preparing for their retirement includes good health, interpersonal relationship, a sense of purpose and drivers to motivation. Each domain is dependent and connected to the other and must work together to maintain as a whole. One can engage in extensive financial preparation, but if one’s health and motivational drivers fail, that financial preparation will likely have little effect.?

We discussed the potential risks of not being prepared for retirement with Healthy Ageing expert Daniel Hansson:

In many cases, employees are shuffled out of their work environment and expected to solve the new chapter as retirees, with everything that it implies, all by themselves. Once the retirement bell rings on their door after 45 years of being a worker, the risk of losing social routines and physical habits that earlier were associated with a job role increases. Hard stops can be dangerous.?

Junoverse's approach towards readiness

Similarly to the process theory by Friedman and Scholnich (1997), Junoverse offers services in which individuals acquire an understanding of their current levels of readiness. Assisted by professional mentors,?the employees will be offered individual plans to start preparing for the transition to retirement. Finally, making small changes in their lifestyle will help them reach their individual goals. Preparation is a process. This action will allow the individual to obtain realistic expectations of their retirement. If the expectations are met, the individual will likely be ready for retirement.?

One of our core services is Ready, the only preparation platform that weaves together health, personal habits, social inclusion and mental well-being. The preparations start years before the transition to retirement takes place. Ready helps the employees create clear, personalised, trackable goals & plans that update based on individual progress. Junoverse Ready gives the employer unique insights into the state of the most senior employees and helps them to stay mentally, physically and socially, and professionally competent.?

Additionally, employees who are enrolled in our retirement solution will get access to Junoverse Go - a personalised app that features listings of activity programs and inspiring blog content related to lifestyle and healthy ageing. Junoverse Go offers users opportunities to connect with other retired citizens, helps them expand their network and minimises the risk of being affected by social isolation.??

This approach towards retirement readiness is a win-win for employers and employees, not to mention the company's reputation and inclusion strategy. When individuals are prepared for retirement, they are more likely to gaze into the future with anticipation and joy while maintaining wellness factors such as having a sense of purpose, daily routines, cognitive stimulation and healthy habits.?

We would be delighted to offer you a demo of our services.?

To do so, please get in touch with our business developers!?

//Junoverse