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The keys to a successful transition to retirement

July 12, 2016

Retirement next exitAs workers get older and closer to retirement, they often focus solely on the “vacation” aspects of retirement. They can’t wait to forget about the daily work grind and start traveling and pursuing their hobbies and interests. But that would be a mistake with possible serious long-term consequences.

Instead, you should think about life not just immediately after you exit from employment, but further down the road as well. You can find some helpful insights in this regard in a recent study titled “Leisure in Retirement: Beyond the Bucket List,” a collaboration between Merrill Lynch and Age Wave, a research firm that focuses on age-related issues.

The report suggests that you focus on four stages of retirement leisure as you transition from being “time constrained” to “time affluent.”

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