journal articles
LIFESTYLE PLANNING IN THE TRANSITION TO RETIREMENT
S.L. Hutchinson
J Aging Res & Lifestyle 2024;13:30-32
BACKGROUND: There is a further need to examine the types of planning people do for their lives in retirement and to examine goals and challenges in relation to planning efforts.
OBJECTIVES: This report summarizes highlights from a study that examined retirement planning and explored personal retirement experiences.
DESIGN: An online survey included quantitative and qualitative questions about retirement preparedness and satisfaction and open-ended questions about retirement goals, fears, challenges, and advice.
PARTICIPANTS: Canadians (n = 748) fully or partly retired responded to questions.
RESULTS: Quantitative results determined that while both financial and lifestyle planning were significant predictors of higher perceived preparedness, only lifestyle planning was a significant predictor for perceived satisfaction. Qualitative comments highlighted the importance of goal-setting, including planning for meaningful time use and strategies to address anticipated or existing challenges.
CONCLUSION: Lifestyle planning is an essential component of planning for the transition to retirement.
CITATION:
S.L. Hutchinson (2024): Lifestyle Planning in the Transition to Retirement. The Journal of Aging and Lifestyle (JARLife). http://dx.doi.org/10.14283/jarlife.2024.4