The 4 phases of retirement | Dr. Riley Moynes | TEDxSurrey

Recent questions

• What are some challenges people face during retirement?

  Many individuals experience psychological challenges during retirement, such as feelings of insignificance and a lack of purpose. These issues are often overlooked in retirement planning, which tends to focus more on financial aspects rather than psychological fulfillment. It is crucial for retirees to be psychologically prepared for this phase of life, as retirement can last for a significant portion of one's lifespan.

• How can retirees find fulfillment during retirement?

  Retirees can find fulfillment during retirement by engaging in meaningful activities that provide a sense of purpose and service to others. The fourth phase of retirement, known as reinvention, involves discovering activities that bring joy and fulfillment, often through helping others or contributing to the community. By focusing on activities that align with their values and interests, retirees can create a sense of meaning and purpose in their post-career life.

• What is the significance of the 10,000 Fitbit steps goal for retirees?

  The 10,000 Fitbit steps goal for retirees is significant as it promotes physical activity and social interaction. By participating in a walking group that aims for 10,000 steps thrice weekly, retirees can stay active, maintain their health, and engage with others in a social setting. This routine not only benefits their physical well-being but also contributes to their overall mental and emotional health during retirement.

• How long can retirement last in an individual's life?

  Retirement can last for a significant portion of an individual's life, with some estimates suggesting that it can span up to one-third of their lifespan. As such, it is essential for retirees to be prepared for the psychological challenges that may arise during this phase. By understanding the potential duration of retirement and planning accordingly, individuals can ensure a fulfilling and purposeful post-career life.

• What are the four phases of retirement?

  Retirement comprises four distinct phases: vacation, loss, trial and error, and reinvention. The vacation phase involves the initial excitement and relaxation of retirement, followed by the loss phase where retirees may experience a sense of loss or lack of identity. The trial and error phase is a period of exploration and adjustment, while the reinvention phase focuses on finding meaningful activities and purpose in retirement. Understanding these phases can help retirees navigate the psychological challenges and transitions that come with this significant life change.