Surely retirement should be a time of excitement not depression? And yet it appears that many it is the latter rather than the former.
Perhaps this comes down to lack of planning. It's not just about having enough money it's also about having a plan as to what you are going to do with the available time.
My experience contradicts the findings in this survey.
Just about every client I speak to who has moved into the retirement stage of their lives tells me how busy they are with simply not having enough time to do all the things that they want to do.
This I believe is a function of good financial planning coupled with planning to do the things that you want to do rather than doing the things you have to do.
"Over the past week, I’ve read several recent studies on depression in retirement. The findings are concerning. It turns out that depression in retirement is a surprisingly common problem, with one study citing that retirement increases the probabiliy of depression by about 40 per cent. Another cites the highest increase in suicides is among men age 50 and over. What are the causes of depression among retirees, and what can you do to increase the odds that your retirement will be a period of joy, and not a period of depression?"