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7 COMMON RETIREMENT TRAPS TO AVOID
May 11, 2008 - There's no single formula that will produce a happy retirement for baby
boomers. But there are ways to boost the odds you'll retire in bliss rather than misery, experts
say.
"About half of today's retirees are really quite miserable in their post-retirement lives,"
psychologist and researcher Ken Dychtwald has concluded, based on 50,000-plus interviews
he has done for his books on aging.
Those retirees end up unhappy because they are unable to adapt to the new retirement model,
says Jim McCarthy, a managing director at Morgan Stanley. How to be happy after work ends
"We have tended to look at our lives as being linear and retirement as being the final stage that
we enter," McCarthy says. "If you realize that you're not locked in to any one approach or
model -- that having 20 or 30 years gives you a lot of time to test out new roles for yourself --
well, you've boosted the odds that you'll succeed at retirement."
Click on the red link above to continue the story.
Source: MSN Money
May 11, 2008 - There's no single formula that will produce a happy retirement for baby
boomers. But there are ways to boost the odds you'll retire in bliss rather than misery, experts
say.
"About half of today's retirees are really quite miserable in their post-retirement lives,"
psychologist and researcher Ken Dychtwald has concluded, based on 50,000-plus interviews
he has done for his books on aging.
Those retirees end up unhappy because they are unable to adapt to the new retirement model,
says Jim McCarthy, a managing director at Morgan Stanley. How to be happy after work ends
"We have tended to look at our lives as being linear and retirement as being the final stage that
we enter," McCarthy says. "If you realize that you're not locked in to any one approach or
model -- that having 20 or 30 years gives you a lot of time to test out new roles for yourself --
well, you've boosted the odds that you'll succeed at retirement."
Click on the red link above to continue the story.
Source: MSN Money
