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September 20, 2018
According to Psychology Today, common reasons people are unhappy at work include: low pay, lack of job security, lack of social connections, dislike of the work itself, dissatisfaction about the work routine and bullying by coworkers.
Before you retire to escape your unhappiness, you might want to see if you can address the problem at work.
No matter if you are 55 or 75, your life in retirement is likely to last 20-40 years. That is a very long time.
It is important that you have a plan for what you want to do in retirement. And, ideally it is more than just escape your job. Study after study has shown that if you want to have a happy and healthy retirement, you need to be active and engaged.
And, retirees now view retirement more as a new beginning than a time of winding down. Not sure what you want from your future? Here are 120 ideas for what to do after retirement.
Many of us work quite simply because we need the money. We need the money for our day to day expenses and we need to save more for retirement before we quit for good.
However, a detailed retirement calculator can help you find other solutions besides work. Could you downsize and cut expenses enough to live off what you have already saved? How much longer do you really need to work? What would happen if you were working part time for the next 3 years? Do you know how much you have saved now and how quickly you will be spending it in retirement?
The NewRetirement retirement planner enables you to test out all of these scenarios and even more.
Input your current information and see where you stand right now, then try out different options until you come up with a realistic retirement plan that makes sense for you. This tool was recently named a best retirement calculator by the American Association of Individual Investors (AAII).
Work is not an all of nothing proposition. Depending on your financial situation, working part time, finding a different job or even just taking a really long vacation might be a better alternative than retirement.
Maybe retirement is not a financial reality quite yet. If you are unhappy at work but not ready to retire, what can you do to improve your job satisfaction? A Time Magazine article cited scientifically proven ways to be happier at work, tips including:
Do it yourself retirement planning: easy, comprehensive, reliable
Take financial wellness into your own hands and do it yourself retirement planning: easy,
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