Why a plan is pivotal to protect your mental health So much of retirement is focused on the finances – as it should be. But, as Bruce Manners points out, if you fail to plan, your mental health can suffer.
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’ve seen up close and personal the complications that can occur when an individual retires without a plan. We were shifting, for my work, from up Newcastle way back to Melbourne. Halfway down the Hume Highway, Margie, my wife, announces she’s going to retire. No surprise there, she’d been mulling over the decision for quite some time. She was a diversional therapist in aged care and, to her mind, the industry had become over-regulated and restrictive to the point where she spent more time at her desk than on the floor with residents (the part she enjoyed most). “So, what are you going to do?” “I don’t know.” That uncertainty lasted for about 15 months. It took her that long to work out who she was and what she wanted to do in her retirement. It was as if she was lost and without direction. It frustrated her. She now has an active, involved, creative and enjoyable retirement. And she allows me to tell her story whenever I think it will help others. This is one of those times.
Anxiety and depression I asked a clinical psychologist friend what she thought could be the major problem for those who retired without planning. “Anxiety and depression,” was her immediate answer. Of course, there would be anxiety if retirement were merely a black hole. Where do you start? How do you negotiate this with your partner, if you have one? What will you do with the next 20 or 30 years of your life? It takes time to work through issues such as these. This could easily lead to depression. I had seen anxiety and some depression in Margie –along with the frustration of not knowing who she was or what she was meant to be doing.
Good transitions need good planning Retirement is a major life transition. Actually, getting to retirement means you have already gone through 18
several life transitions. These can include: home to school; high school to the workplace, a trade or university; marriage; divorce, perhaps; children, and so on. At retirement, we’re already experienced ‘transitioners’. That’s a bonus, but the transition to retirement is easier when it’s planned. Nancy Schlossberg, in her book, Too Young to be Old, points out that the transition to retirement brings changes in your “roles, relationships, routines and assumptions.” Assumptions? Yes. You don’t really understand what parenting is like until you experience it. And you won’t really understand your retirement until you actually get there, but planning for it helps give it structure. “It can be difficult, even painful, to experience change,” writes Professor Schlossberg. “But avoiding it is not an option…. The basic question is how you embrace your transitions.” That’s more than a ‘what will you do’ question, it’s also a mental health question.
Planning puts you in control Tim Carey, Professor of Clinical Psychology at Charles Darwin University, says “psychological distress is experienced when people feel unable to control their thoughts, actions, emotions or some other aspect of their day-to-day living.” He suggests that “control over life circumstances reduces chronic stress and has favourable biological effects.” Crucial to the notion of control is the ability of people to lead lives they have reason to value. “What is important is not so much what you have, but what you can do with what you have.” Planning your retirement gives you control and helps to make it your retirement. It’s personal – and it should be.
Living on purpose takes planning Purposeful living is important for a successful retirement. That’s the finding of Michael Longhurst
YourLifeChoices Retirement Affordability Index™ March 2020
