It is easy to make mistakes on the path to, and during, retirement as it is simply not something that can be practised or experienced before it actually happens. We only get one chance, and it is generally a situation of learning as you go. Experiencing unlimited free time can be surprisingly daunting to many new retirees, and many people simply don’t consider planning their life ahead in terms of decades. These are common mistakes that new retirees can make, but avoiding unexpected pitfalls and mistakes means that your retirement transition can be smooth and pleasant, rather than stressful and uncertain.
Below you will find some of the common misconceptions and pitfalls that lead to unwelcome surprises in retirement, and how you can best avoid them.
Misjudging Your Partner’s Goals
It is easy to assume that both you are your partner feel the same way about every aspect of your retirement and how to best enjoy it together. However having different visions and ideas is not a bad thing, but it is important to communicate and to be aware of what each person hopes for and is looking forward to. Openly sharing your hopes and dreams with each other is the ultimate way to ensure that your retirement plays out smoothly and without conflict. This includes everything from potential vacation destinations, to simple matters such as how each of you likes to spend quiet days at home.
Not Being Prepared to Make Adjustments
You were likely very good at the career you engaged in throughout life before retirement, however these skills may not necessarily be able to contribute to a happy and successful retirement. Some changes may be required, especially if you are used to associating your identity with that of your former career. It is now time to forge new interests and think about acquiring new skills and hobbies, even if they are completely different to the work you used to do.
Keeping Your Options Limited
Many retirees think simply of a peaceful and relaxing time consisting of leisure, golf, perhaps some travel. While this is all well and good, and certainly enjoyable for most people, there can be much more to a quality retirement if the mind is broadened to consider all possibilities. Healthy and active retirees should consider not limiting their options about what their retirement might entail, and can begin by broadening their interests, meeting new people and engaging in new activities that you may not have had time for previously.
Sitting Back and Waiting
Falling into the trap of waiting for life to happen is easy when you suddenly have all the time in the world, especially if you’re just craving relaxation and downtime after a busy career. However like anything in life, a fulfilling retirement is not just going to happen without you taking some action. Believe it or not, boredom can quickly seep into the life of retirees, so it’s important to be involved and have some sort of plan about what you wish to do, see and achieve. Having goals can instil purpose into everyday life, and this is one of the greatest keys to experiencing all that retirement has to offer.