Retirement, for most people, is a phenomenal life event and I certainly don’t want you to be commenting on this video telling me that I’m scaring people out of retirement because my goal in life is to watch people retire successfully, stress-free, with more money and while avoiding being killed in taxes. That said, let’s talk about some of the negative side effects of retirement that have popped up and can pop up but can also be planned to avoid. Hi, I’m Hunter Brockway, founder of Boca Retirement Strategies.

Boredom by retiring from something and not to something. Retirees can feel bored. While you may be at work, busy, hectic and thinking how nice it must be to play golf every day, when you actually get out and that’s what you do is golf every single day, you might get sick of golf. Now, if you love to golf every day and that does suit you, fantastic, nothing wrong with that. But thought and reality are two different things. The next negative word is uncertainty. Uncertainty of your financial resources of what the world is going to do, of everything around you. Uncertainty is a negative word associated to retirees. Again, planning, not just financial planning, but planning all aspects of retirement and sticking to that plan can help remove uncertainty. Loss of purpose. While working, you can feel a sense of purpose.

You can feel a sense of accomplishment. When retirees move from work to retirement, they can sometimes lose that sense of purpose that can drive deep depression. Finding a sense of purpose in retirement could be as simple as spending more time with the grandkids, or it could be contributing time to a charitable cause that you enjoy and feel passionate about. Loss of identity. This is on the same premise of loss of purpose, but I want to give it a separate term because each emotion deserves its own loneliness. Sometimes retirees move when they retire or perhaps working a job away from their friends and family. when they retire and they do not have a good solid social circle when they retire and therefore feel lonely.

I must add here that maintaining a social life in retirement is also a crucial aspect of maintaining brain health and cognitive function. Health decline can be a negative aspect of retirement. As soon as 30, we begin to lose muscle. It’s important we age to be working out even more and eating healthy along the way. If any of the already spoken negative words come over you and you fall into a depression, it’s likely that you will unfortunately go deeper and then reduce or stop altogether your physical activity, which will then compound and worsen your symptoms and feelings. And to wrap all of that up is stress. The stress of these things in retirement. This is why removing stress from retirement is one of my number one goals. Stress, especially financial stress is abundant in our country. Share these negative words and emotions associated to retirement so that you can. enjoy successful and stress-free retirement. If you have any financial questions at all, you can email them to contact at bocaretirement.com or reach out on our website at bocaretirement.com. I’m Hunter Brockway. Enjoy your successful retirement and thank you for watching. Bye.