The Baby Boomers are starting to enter into retirement. Retirement is the point where a person stops employment completely. Most people choose to retire at the point they become eligible for retirement benefits but some people are forced to retire when physical conditions don’t allow the person to work anymore or as a result of legislation concerning their position.
The idea of retirement is a fairly recent idea, starting in the 19 century because people began living longer. When life expectancy was low and there was no pension or social security people often worked until death. Germany was the first country to introduce retirement in the 1880’s.
Most developed countries today have some sort of system to provide pensions for retirement in old age. In poor countries support for the old is still mainly provided by the family. Every country has their own formula and age when a person is eligible to receive benefits. In the United States the longer you work and wait to collect social security the more money you get monthly when you do collect. People who have greater wealth tend to retire earlier since they do not have to rely solely on the social security benefits.
It is important to have a financial plan for retirement. But what about the psychological part of retiring? So many people have their identity wrapped up in their jobs. There are days, on the job, when we think retirement is going to be the best thing that ever happened to us. The idea of not needing to be at the job every day seems to be just what you wanted. Then retirement comes and many people find themselves complaining about being bored. Now all those hours spent at work need to be filled. Daily rounds of golf can get old quickly, especially if your usual golfing buddies still have jobs. Most people need some type of structure for retired life, some reason to get up in the morning. Maybe finding someplace to volunteer can give you a new sense of identity and self-worth. There are numerous places where one can volunteer but look at your interests and ask around for opportunities that fit your talents. Retirement is a time to look at what interests you. There may be a hobby you might like to try. Maybe there was something that interested you many years ago. Finding ways to socialize is important: retirees won’t find happiness sitting at home. The ability to find balance between being busy and having time to pursue your own interests may take some practice. Keeping your mind and physical self well will help you enjoy the later years of life.
Since I have not retired myself, I talked to a few people about the first months after retiring and the adjustment. David Hasagawa said he and his wife made a decision that they would quit what they were doing and move on to other interests if they ever got tired of what they were doing. When that happened for both of them they realized that they could retire. The hard part, recalls David, is that everybody thinks you have time to volunteer. It is easy to become busier then you ever were while you worked. The 6 months after he retired. David said no to most every request. “That gave me time to look at volunteer opportunities and decide how I wanted to be busy. I now feel I have a pretty good balance between fun time, personal time and volunteering.”
Jay Huchabay told me that he has retired several times since his first retirement. His first retirement ended a career that spanned two decades. Shortly after this retirement he met and married his sweetheart. Together they have had many adventures. They managed a hotel, a mobile home park, and took on several other projects for two to three years apiece. Along with these jobs came several moves. Once settled at Sierra View Homes Jay reports they now enjoy the activities and opportunities a retirement community offers.
Cathy Ratmeyer explained that 8 years ago she made the decision to retire from teaching. She loved the job but felt the stress was too much and so she chose to leave the job. Cathy remembers those first few days feeling exhilarated being able to drink coffee any time she wanted to. Soon after her retirement she made plans for extended visits with her children and grandchildren living in several different states. She reports, “It was wonderful to become more connected with my family.” Retirement for Cathy has meant she can volunteer with organizations that mean a lot to her. “It is important to stay close to friends and socialize regularly through church and activities.”
Depression is a problem in retirement if we feel we are of no use anymore. Even if you must leave the job early due to health problems planning ahead and looking at how you want to fill the days of your retirement will help you be better able to make the transition from being part of the work force to being retired. From these stories we see it is important not only to have a plan for our finances but to also have plans for keeping our mind and spirit stimulated. Look at your interests and see where you have an opportunity to share your skills. Find ways to connect with people. Join a coffee group, find a place to volunteer, become more connected with your church, take time to be with family and look at hobbies that could give you hours of entertainment. Retirement can be the start of something wonderful.

