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Don't go into retirement cold turkey

March 31st 2009 00:01
"I am now 67 and am having the time of my life," writes Joe Collier on the BMJ (British medical journal) web site.

Collier's argument for an immediately satisfying life in the early years of retirement is to prepare early, cutting down working hours and involvement in the two or three years before retirement.

Cold turkey, he claims, can lead to too much of a shock.

"I devoted a lot of mental energy pondering what it was that made some older people part of society and left others marginalised or invisible," he writes.

The full article can be found here.



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Comment by Janet Collins

March 31st 2009 03:48
That's a good article Chris, though many have been retired early now without having the choice or the finances to back up that lifestyle behind them.

If you can afford it, easing out of the workforce must be a hell of a lot more healthy mentally and physically.

Comment by Chris Champion

March 31st 2009 04:06
Hi Janet,

Good point - this is interesting and valuable only to those lucky enough to be able to choose when they want to retire. There are, unfortunately, far fewer of those around now than there were 12 months ago.

Comment by Morgan Bell

March 31st 2009 14:10
my parents retired early and you can tell theyre bored and having a bit of an identity crisis . . . they now study the share market full-time so they dont suffer the guilt associated with relaxing

Comment by Chris Champion

March 31st 2009 19:20
Hi Morgan,

It's such a huge life change, and there are any number of potential problems associated with it. It's ironic really because the worst thing one can do is just stop everything in retirement and ' relax'. That naturally leads to physical and mental atrophy. So there's something else to plan - interests and activities to fill the days.

I sometimes think of Dick Smith. In his 'retirement' he founded Australian Geographic magazine and flew a helicopter pretty much everywhere except the Moon.

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