By: Kathleen Longo, CFP®, CAP®, CDFA
When the time comes to retire there can be mixed emotions. On the one hand you are excited, right? Most people approaching retirement have worked diligently for four or five decades and the prospect of switching up that early morning, five day per week routine is certainly something to look forward to. On the other hand, feelings of apprehension can arise when you think about all that time. What if the things that you’ve looked forward to in retirement aren’t enough to sustain you?
According Stewart Friedman, practice professor of management at Wharton School of Business at University of Pennsylvania and founding director of the Wharton Work/Life Integration Project. “The questions people ask at earlier stages of life become more profound at these later stages,” he says. “Am I living the life I want to live? What is most important to me? Who is most important to me? You see the end, and so you think about what you want to do with the time that you have remaining. There is the question of: now what?”