TED Talks Daily How to squeeze all the juice out of retirement | Riley Moynes
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Oct 13, 2022 Riley Moynes, an educator specializing in retirement strategies, discusses the often-overlooked psychological aspects of retirement planning. He introduces his framework of four distinct phases of retirement and emphasizes the importance of preparing for the emotional transitions that occur. Moynes shares personal anecdotes, highlighting both the joy and challenges faced during retirement, advocating for an active pursuit of meaning and purpose. His insights encourage listeners to embrace this transformative period rather than simply easing into it.
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Psychological Retirement
- Financial planning is essential for retirement, but psychological preparation is equally crucial.
- Retirement brings significant psychological changes and challenges.
Four Phases of Retirement
- Retirement involves four distinct phases, not always a smooth transition.
- Understanding these phases helps retirees navigate the challenges and maximize fulfillment.
The Vacation Phase
- Phase one, the "vacation phase," offers initial freedom and relaxation.
- However, this novelty wears off, leading to boredom and questioning the purpose of retirement.