Seven keys to a happy retirement

As Nicolas’s case illustrates, retirement isn’t without its challenges. Work provides structure, purpose and meaning. Without it, we can become lost and sense a deep void. It can also become harder to maintain social connections. In addition, some retirees have financial worries. What’s more, age-related physical decline can arouse feelings of anxiety and heighten deep-seated concerns about death.

Given all these worries, it should not come as a surprise that retirement can strongly impact mental health. Various studies have shown that early retirement can cause a decline in memory and other brain functions. In all, retiring completely when we are still physically and mentally fit requires careful consideration. 

Had Nicolas disengaged from work gradually, he could have explored his passions, skills and interests. He could have pursued a mix of part-time jobs, freelance work or consulting to continue using his talents. With his financial security, he could have enjoyed work-life balance.  

For those in good mental and physical health, retirement need not lead to loss or withdrawal. Instead, it can be an opportunity to explore new interests and identities. As we live longer, there is no need to stick to one career. A portfolio approach, involving multiple roles, offers benefits like flexibility, variety, diverse income streams and the chance to pursue personal passions. With this in mind, here are a few suggestions:

1. Strengthen relationships: Be more present with family and friends. Retirement can allow you to strengthen your relationships with family and friends, as well as create cherished memories with children, grandchildren and other loved ones. 
2. Pursue hobbies: Pursue fun activities that you neglected during your working years. Whether it’s painting, gardening, cooking, writing or playing a musical instrument, you can stay mentally active by focusing on the things you’ve always loved to do. Physical fitness should also become a priority. You can join fitness classes, walk, swim or explore other sports.
3. Travel: Retirement opens up opportunities to explore the world. You now have the time to visit far-flung places and encounter different cultures. 
4. Volunteer: Many retirees find fulfillment by giving back to society through volunteering for charitable organisations, schools, hospitals or causes they care about. You can serve as a mentor or coach to the younger generation. You can also make a positive impact on the world through direct philanthropy. 
5. Lifelong learning: You may also pursue new educational avenues. Universities, colleges and online learning platforms now offer classes or workshops on countless subjects. Other learning paths may be more emotional or spiritual in nature, such as meditation, yoga or faith-based gatherings.
6. Part-time work or entrepreneurship: If you wish to continue working, consider part-time or freelance options, including in the field of teaching. You could also become a non-executive director of companies interested in your expertise. Or, could retirement be when you finally start that small business you’ve always dreamt of?
7. Join clubs: Engage in social activities by joining an association. Whether it's a book club, a hiking group or an interest-based community, it can lead to new friendships.

Simultaneously, nurture strong social relationships with family and friends as those are vital for mental health. By laying this groundwork, you can enjoy the fruits of your labour while continuing to lead a purposeful and rewarding life.