What Creates a Successful Retirement?

Research has validated the top 15 factors neededportion of our day. Scheduling activities to make
in our lives to create a successful retirement.use of our day is essential. The average age of
Each of us will find some if not all of thesefirst retirements is now 57.5 years of age. We
factors will need our attention before we canare healthier, better educated and more highly
transition into a phase of life that fulfills those longskilled than our parents at this age and therefore
awaited expectations and desires.working, in the same or a new career, continues
I have identified over my many years of work asto be the number one choice after the first
an HR professional, and now as a retirementretirements.
coach, there is one ALL-IMPORTANT factor you3. Utility: In addition to just using our time, we
must address, either before or at least early inwere paid for services that were of use to
our retirement, to assure a successful emotionalothers. This gave us a sense of utility or
adjustment to retirement. Replacing workusefulness. Finding activities where we can be
satisfiers.useful can keep us challenged and slow our aging
For most of us, our work gave us a sense ofmentally, emotionally and physically.
ego-security knowing we are "somebody". We4. Socialization: developing a new network of
have to replace those satisfiers we unconsciouslyrelationships to replace a need satisfied by our
receive from work. Most of us have workedcoworkers is not well understood. Family, while
more years than not. Over those years work hascritical, does not provide the more objective
become an integral part of who we are. So muchconversations, common daily experiences and
so that elements of work have become satisfiersperhaps fun when we interacted with others
in our lives and when they are removed withoutduring our workday.
comparable replacement, there is a loss. There5. Status: each persons need for status differs,
are at least five satisfiers received from working:for some it will continue to bea title, for others it
1. Money is, of course, number one. Sources ofneed only be the look in the eyes of those they
ongoing income have to be earned, saved orhelp.
received from investments. Without adequateIgnoring the need for these 5 satisfiers is one of
money there is no funding for those things wethe leading causes of a retiree's number one
find fulfilling, rewarding and meaningful.emotional malady: depression.
2. Time management. Work has filled some