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Episode 3857:

Fritz Gilbert sheds light on the emotional challenges many face after leaving the workforce, revealing that retirement can increase the risk of depression, especially for those whose identity is closely tied to their careers. Drawing from research and personal reflection, he outlines how cultivating hobbies, social connections, and a sense of purpose before retiring can significantly boost well-being in this new life chapter.

Read along with the original article(s) here: https://www.theretirementmanifesto.com/will-retirement-be-depressing/

Quotes to ponder:

"Be intentional in your retirement planning years, with a focus on incorporating non-financial elements into your plan."

"The key to a happier retirement was having ‘multiple selves’, which means hobbies and other activities to keep them busy."

"Populate a bucket list of items you’d like to do in retirement. Broaden it to include categories beyond travel. Stretch yourself."

Episode references:

Ready To Retire? by Lyndsay Green: https://www.amazon.com/Ready-Retire-Spouse-Reality-Retirement/dp/1443440566

Institute of Economic Affairs – Work Longer, Live Healthier: https://iea.org.uk/publications/research/work-longer-live-healthier

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