Most of society has been taught that if we save enough money and have a financial plan, everything else will fall into place. The truth is, retirement has a lot of moving parts and it can be incredibly stressful. In fact, retirement is ranked in the top 10 of most stressful life events.
Initially, many people feel elated about retirement. However, after the "honeymoon" has ended, sadness, loneliness, or depression may set in as retirement coes to look very different from what it was initially anticipated to be.
In North America, we are taught that we should lead productive working lives and yet suddenlly, when one retires, our work role identities no longer exist and many of us feel a large void. A great number of people, especially those who are career oriented, may suddenly feel empty and directionless, which can lead to depression.
Shockingly, it is estimated that up to 1 in 5 seniors experience depression, bringing with it an increase in other health issues including alcohol and substance abuse, an increased incidence of diabetes and cardiac disease, as well as suicide.
Luckily, it doesn't have to be that way. Inspired Retirement is here to help