What Scares People the Most About Retirement
Many adults spend a good number of their working years anxiously awaiting retirement, only to find out that when they get there, the prospect is actually scary. Retirement frightens people for a number of reasons, many of which you may find very surprising.
Loss of Importance
Regardless of how much people like or dislike their jobs, the fact is that most workers do feel valued to some degree. This is especially true of people in occupations such as teachers who have the ability to influence others. Once these people leave the workforce, they often feel as though their ability to make a difference has dwindled. This may account for why a good number of retirees elect to work part time or volunteer for a non-profit agency.
Fear of not Having Money
Those who are making a comfortable living may actually dread the prospect of retirement because they are afraid they will not be able to make ends meet. Retirement often means living on a very fixed income, yet does not necessarily mean that expenses go down as income increases. In fact, many seniors notice an increase in health care costs or insurance premiums, and therefore struggle to pay their monthly bills. The fear of not having enough money is especially high among those with little or no savings to fall back on during hard times. Those who are in very good health may also worry about outliving their retirement savings and being unable to survive once that money is gone.
Loneliness and Depression
Seniors who are divorced or have already lost a spouse may look forward to spending time with co-workers each day. With their children gone, these people may simply not want to sit at home by themselves for extended periods. This is especially true among people who are not involved in church groups or other extra-curricular activities. Loneliness can lead to an increased risk of depression, and is thought to play a role in the fact that in the United States, more than 17 adults age 65 and older commit suicide each day.
Being Unable to Remain Independent
Going to work each day requires people to remain independent to some degree. As such, many retirees worry that they will no longer feel comfortable driving a car or performing certain other daily activities. They may worry about their health deteriorating because they are no longer as active as they once were. There is also the possibility of experiencing memory loss if thinking skills are not engaged on a regular basis. For those who are concerned about the detrimental effects of a sedentary lifestyle, the idea of continuing to work long past retirement age is often one of life and death.
People are frightened by the prospect of retiring for a number of reasons. If you are approaching retirement age, it is important for you to address these and other concerns if you are to face this life-changing event as seamlessly as possible.