Retirement brings about a significant life change, which can be challenging to navigate. While you may have envisioned your golden years filled with enjoyment, the psychological impact of retirement is often overlooked. Losing your work-related identity and factors like increased free time and financial adjustments can make adjusting to retirement difficult.
Every day, approximately 10,000 Americans reach the age of 65, signaling their readiness to retire. While each individual’s financial circumstances vary, it is evident that millions of people are preparing for retirement in 2023. Retirement can offer exciting opportunities such as travel, hobbies, and family time, but it can also be overwhelming due to financial considerations.