Stages of Retirement – Learn about various stages & start Planning

Retirement from a job is not just complete one of the most significant parts of life, but also the beginning of an emotional transition state. We briefly describe the stages of retirement in this article.

For some people, Retirement is fun as they feel free, while for others, it is a loss as they feel a massive drop in income. Either way, it is an event when the whole life changes.

Various Stages of Retirement

So, in this article, we will discuss all the Stages of Retirement that you should experience. Not necessarily you are, but you should.

1. Plan your Retirement
2. Live your Big Day
3. Initial Days after your retirement
4. Back to reality
5. Self-rediscovery
6. Moving on in Life

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Plan your Retirement – 1st Stage of Retirement

When we live through our working life, the scope to think about your self-happiness is very low.

We think of the EMIs that we need to pay, the education or home loans that get deducted from our bank accounts.

While we are in our mid-30s or mid-40s, we don’t bother how life is going to be after we retire from work.

Yes, most of us are bothered by the financial aspect – a decent retirement plan, pension schemes, and many more.

What most people lack is a vision of what their life would be after they reach that phase of life.

Some workaholic finds it extremely difficult to just relax and enjoy the time not working, while others do worry how they will cope up as they are not getting the same remuneration.

So, what we suggest is you should, of course, plan the financial aspect, but should also be clear on how you will spend the rest of your life post-retirement.

Learn everything about Retirement Planning here

Live your Big Day – Stages of Retirement

The retirement day is as significant as the day you get married. It is a mixed bag of emotions that you feel while your colleagues congratulate you, and bid you a grand farewell.

Yes, there will be a party, great food, some drinks maybe, but underneath all of those, you will feel an ending of a long chapter of your life.

Of course, that will open doors for fresh ideas and new ventures in life, but that depends on how you have planned.

Meanwhile, we hope you will enjoy this big-day, as it is the last official gathering of your life.

Initial Days after your Retirement – Stages of Retirement

Out of all the stages of retirement, this one is probably the most fun-filled. Just retired from work and now you have all the time in the world, a pocket filled with a bit of cash as well.

Most retirees try to relive all those chapters of life which they feel they have missed. Some go on a long holiday with the family, while others try to do something constructive.

Almost every retired person feels they are free in this phase and therefore, do whatever that pleases them.

The duration of this stage is not defined as it depends on the retirees’ nature, and of course, the allocated money they can afford to spend.

Back to Reality – 4th Stage of Retirement

We will keep using the marriage life example to explain this phase of life. As they say, “every good thing has an end,” the second honeymoon phase right after you retire wears off.

Similar to a marriage; once the honeymoon phase expires, reality strikes. Suddenly, you may realize that you have spent a bit more on your post-retirement parties.

You can also realize that you can’t party every day, and apparently, you don’t have any activity in your life.

This phase can be stressful and may feel everlasting as passing days without doing something can be very challenging.

You may trigger all the negative emotions – detachment, weariness, depression, feelings of uselessness, and many more.

Moreover, when you are working, your body stays fit. So, when you are not, you could experience health troubles.

Eventually, you may feel emotionally and financially broke, even though you are not. Overall, this is a tough period that most retiree has to endure and overcome.

Learn in detail about all Pension & Savings Schemes here

Self-Rediscovery – Stages of Retirement

After the phase where you literary understand the difference between fantasy and reality, retirement would finally settle down for you.

Wickedly, life will teach you this is how your life is going to be in future. However, this is also a phase where you need to put a lot of efforts emotionally.

You may question your existence, or be confused about what to do in life to be happy again. Of course, you will face hurdles to get those answers promptly.

On this period, we suggest you take care of your health, especially mental health. You also need to realise that the things that you can do pre-retirement, aren’t an option today.

So, it would be best to adjust to reality and act accordingly. One thing that you should realise is this phase of life is a recovery. So, it is a good sign, and you should walk along this path.

Moving on in Life – Final Stage of Retirement

Imagine you are in your college days; young and handsome, or bold and beautiful if you are a girl. You tend to fall for anyone almost every day.

Then, of course, not every relationship is meant to last, and you move on to the next one. The ground rules for this stage of retirement are exactly the same.

You were in a committed relationship with your work for a long time, and then you broke up willingly one day. Of course, there will be consequences that you are bound to face.

But just like in the younger days, your maturity will guide you to overcome all the negative thoughts and let you live your life happily.

You will also find the inner strengths to overcome the mental blockages and would finally realize the beauty of life.

Conclusion on Stages of Retirement

All the steps that we have elaborated are subjected to the fact that you have to plan your retirement properly.

From a financial standpoint, you should get a decent plan and also check out the coverages you will get.

This article is about giving you a heads up on how to deal with life when you retire. So, in some ways, we have stated the obvious stages that most retiree faces.

Nevertheless, we wish you a happy retirement!

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