Retirement Experience Essay

Submitted By IMLILPIGGY
Words: 1341
Pages: 6
Open Document
To retire or not to retire? Everyone grows up dreaming of being rich, successful, and happy. Throughout life, we go through a process similar to that of many of our peers. We go to school and eventually get a job. Hopefully the career path that is chosen is one that fulfills the needs and wants of whomever made the decision. We spend some time working on our career, and focusing on advancing and increasing our success, but what happens when the drive is no longer there? What if you feel that you have had enough success to last you a lifetime, and now you want to enjoy the other aspects of life? How do you decide if it is time to retire? Will it be beneficial or detrimental to your health? It is often thought that retirement coincides with a decline in health and functioning for older adults, but this is actually not the case. Several studies show that individuals over the age of 60 have better mental health than those still working at the same age. Other studies have shown that men over the age of 65 have poorer health after retirement, but these can be attributable to other factors, such as the effects of aging, that often cause misconceptions to the untrained eye (Robinson, Demetre, Corney 2011).

In most of the studies conducted the retired person self defines whether they are retired or not. Along with this self-determination, the retired person is also asked whether they voluntarily retired, or were unwillingly forced into retirement. A sense of choice and voluntary control over retirement is a welldefined and stout indicator of how happy and satisfied a person is with their retirement (Robinson, Demetre, Corney 2011). When an individual chooses to retire it is frequently associated to positive well-being and an optimistic outlook on retirement. For women especially, a forced or abrupt retirement leads to depressive symptoms (Dave, College 2007). A person's decision to retire is affected by a number of factors. Among these factors is their health insurance; some of the health insurance companies will not permit older people enough assistance with their medical endeavors. Social security (a government program designed to give monetary help to retired persons, the unemployed, and the disabled) eligibility is a big determining factor for those retirees who have not saved up an adequate amount to retire comfortably. Retirees do stress about the luxury of their retirement and how much financial assets they have saved up. This is a reason why retirees in lower class levels have less of a positive link with retirement. Stress diminishes both mental and physical health. However, if a person is more financially stable, then social security is less of a concern. Possibly the biggest factor is health status and the health status of their spouse

or significant other. Health problems influence the retirement behavior more strongly than economic factors (Dave, College 2007). Retirement is characterized by three different stages: preparation, workerretiree transition, and adjusting to retirement. Preparation is one of the main contributing factors to whether or not a retired person is satisfied with their retirement. A far higher proportion of those who voluntarily retired were given effective retirement guidance. The preparation courses teach the "students" how to financially prepare for retirement so that they can live comfortably and without worry. Many people try to dodge these courses for fear of retirement because it is such a big transition, but often times the dodgers are the ones who need the most help. The worker-retiree transition is one that can be positive or negative depending on the person's personality and circumstances of retirement. On the positive side retirement can be described by freedom from obligations, time pressures and restraints. However, negatively effected retirees may characterize retirement as loss of social connections and a loss of identity (Robinson, Demetre, Corney 2011). In order for retirees
Show More

Related Documents: Retirement Experience Essay

Sociological Perspectives

Sociological Perspectives on Demographic Changes and Retirement Challenges The global demographic shift towards an aging population and declining birth rates presents significant challenges for retirement systems and social welfare policies. Sociologists use various theoretical frameworks to understand the interplay of social, economic, and structural factors shaping retirement outcomes. This paper explores the implications of demographic changes for retirement security using sociological concepts such as…

Words 692 - Pages 3

Using Retirement Funds to Start a Business Essay

401(k)/IRA Business Funding Fund your business using your retirement funds tax deferred and penalty free. Your 401(k), IRA or other qualified retirement account can be the key to starting your business debt-free and cash-rich. Benetrends’ exclusive Rainmaker Plan® allows you to utilize the full potential of your existing retirement accounts to purchase your own business, thereby enabling you to eliminate or reduce the need for additional loans. Benetrends has been helping visionary entrepreneurs…

Words 976 - Pages 4

Dissertation: Old Age and Retirement Age Essay

THE IMPACT OF ABOLITION OF DEFAULT RETIREMENT AGE ON ORGANISATIONS IN THE UK FULL NAME:Tawanda chikosi STUDENT NUMBER:2999847 COVENTRY UNIVERSITY Dissertation Submission For the award of (Business and Human Resources ) Date: March 2013 Abstract Acknowledgements Table of Contents Abstract 2 Acknowledgements 3 Chapter 1: Introduction 6 1.1. Background 6 1.2. Aim of Research 6 1.3. Research…

Words 8335 - Pages 34

Persuasive Essay About Florida Retirement

Five Reasons Why Retirement is Better in Florida Florida’s attractiveness as a retirement destination needs little trumpeting. The state’s tremendous positives — its beaches, temperate climate and retirement-oriented infrastructures such as superb healthcare — are excellent lynchpins in any decision to become a Florida retiree. There are more benefits besides the obvious ones, however. Consider these additional perks to a Florida retirement. Tax Breaks We don’t mean additional deduction…

Words 526 - Pages 3

Causes Of Post Career Trauma In Hockey Players

players into retirement because of the concussions they had received during their career. The same study from above made it aware that depression and anxiety were increasing symptoms for retired hockey players. No research was shown to prove if the underlying cause was post-concussion syndrome, CTE, or because of the separation from NHL that made it hard on the retired players. Athletes who suffered injury-based career termination have had a more difficult transition to post-career retirement compared…

Words 273 - Pages 2

Essay about Assignment 1

employee group that led you to this plan type? It would be described under the profit sharing plan which would link the contribution of Tundra to the amount of profitability of the company. Contribution of employees is permitted and will be used for retirement purposes. Tundra will contribute 2% of employee earnings for this plan. The employee can contribute up to 6% of each pay period. This plan will not integrate with any government benefits. You must be vested to receive benefits. You must have…

Words 1586 - Pages 7

New Horizons Band: A Musical Community Analysis

Introduction When you envisions music, your perceptions display elements of previous experiences, cultural beliefs, and identity. Involvement in a musical community captures new friendships, while encouraging a zeal for music. The New Horizons Band is not only a musical organization, but also a social one where senior citizens and undergraduates gather to play instruments and learn various types of music. This musical community highlights the essence of numerous generations, ranging from young adults…

Words 1495 - Pages 6

Research Paper On Aging

the Social aspects of aging Aging: A personal Matter Personalizing Aging 65 is a social marker of later life, the conventional retirement age and age of entitlement to economic benefits in most Western countries Stereotypes of old age “Life is trouble. Only death is not.” – Zobra the Greek One traditional scale of stressful life events, starting with the 10th Retirement Martial reconciliation Being fired from work Marriage Personal injury or illness Death of a close family member Jail term Marital…

Words 2720 - Pages 11

UK retirement Essay example

government reacted by announcing that it is no longer possible to force anyone to retirement when reaching the age of 65 (Ageuk.org.uk, 2013). This essay is discussing whether an ageing workforce is more a threat or an opportunity for British enterprises. One of the biggest threats facing CEOs nowadays is definitely the increased health care costs of their senior workers. Furthermore, for many people in the UK, retirement is simply not affordable because of having not enough money in the pension. However…

Words 912 - Pages 4

Retirement Plan Proposal And Communication Plan

Retirement Plan Proposal and Communication Plan HRM/324 Retirement Plan Proposal and Communication Plan Retirement pensions provides a source of retirement income employees can draw on after they stop working, they have to invest for retirement while they are still on the job (Lightbulb Financial, 2013). To take advantage of the opportunity to accumulate tax-deferred earnings and in some cases defer taxes on their contributions as well, employees can participate in employer-sponsored…

Words 1675 - Pages 7