Reported about 11 hours ago
Retirement may seem like a permanent vacation, but it comes with significant losses that many don’t anticipate. Firstly, the reliable paycheck disappears, leading to potential financial stress among over 80% of retirees, exacerbated by inflation. Additionally, risk tolerance shifts as market volatility can now directly impact retirement funds, requiring careful investment management. Spending habits may also change, with increased leisure costs that necessitate budgeting. Furthermore, losing employer-sponsored benefits, especially health insurance, adds financial strain. Finally, the absence of a daily work routine can diminish one's sense of purpose, potentially leading to emotional challenges. Planning ahead can mitigate these effects.
Source: YAHOO