'Don't just retire from something ...
... have something to retire to." -Harry Emerson Fosdick
That was part of the heading on an article on "Phased Retirement" in a newsletter just received from a mutual fund management company along with their statement of my account.
As is important in the situation related to a number of other major changes in one's lifestyle, it seems wise to make some substantial preparations for one's retirement.
It was a part of rural wisdom some time ago, when farmers' lives were pretty well wrapped up in their farms, to observe that many a former farmer seemed to move to a village/town on retiring from farming ...
... and, about six months or a year later ...
... turn up his toes and die.
So much so that in some cases, people were reluctant to advise some old farmers, even ones suffering substantial pain or disability while they continued their work, to sell their equipment off, retire and move to a local village.
The article suggested that it is becoming more common for people to continue part-time working in their former situation, or at some other employment, or operating a business of their own. Or getting involved in a comunity betterment project, charitable activities, etc.
Especially since people are living longer, often enjoying good health for a number of years, those extended periods of life after retirement become a larger proportion of their whole life, especially as contrasted with their working years, during which they saved to pay off mortgage, educate offspring, as well as save to fund those retirement years.
And as the Boomer generation moves into retirement, they predict a labour shortage, so there will be more need for continuation of the working years on the part of people who would have been retiring at, say, 65, or even 60, possibly earlier, in earlier years.
As for you folks who have been stay-at-home-wives, encouraging the breadwinner to add some more strings to his violin before he retires is something of a matter of self-preservation.
For years you have been fairly used to having the house to yourself. Can you feature a husband with an active body and brain, bored without adequate activities and interests to keep his body and mind busy, following you around the house, saying, "You know, dear, if you were to do that task in such and such a way, it would be more efficient and easier ... plus take less time".
Best not to wait till a month or so before he retires to get those other interests and activities a-borning.
Good wishes for a retirement that leaves you with a smile on your face and a song in your heart. Plus enough assets to get by ... in that last year of life ... with a bit of cushion to enable you to avoid squeezing every nickel when that time comes (but, with inflation, it'll be a quarter, by then).