Phases Of Retirement

AAA

DEFINITION of 'Phases Of Retirement'

A six-stage process described by researcher Robert Atchley that includes pre-retirement, retirement, contentment, disenchantment, reorientation and routine. Not all individuals will experience all of these stages, but the underlying idea is to provide a framework for thinking of retirement as a process that involves both emotional and financial adjustments rather than as just a one-time event.

INVESTOPEDIA EXPLAINS 'Phases Of Retirement'

A comprehensive retirement plan should consider more than just how much money one needs to save in order to leave the workforce. A strategy for tackling the emotional aspects of retirement, such as finding meaningful activities to take the place of work, will help circumvent the feelings of loneliness, boredom and disillusionment that sometimes set in after the initial excitement of being job-free wears off.

RELATED TERMS
  1. Nest Egg

    A substantial sum of money that has been saved or invested for ...
  2. Retirement

    When a person chooses to leave the workforce. The concept of ...
  3. Medicare

    A U.S. federal health program that subsidizes people who meet ...
  4. Social Security

    A United States federal program of social insurance and benefits ...
  5. 401(k) Plan

    A qualified plan established by employers to which eligible employees ...
  6. Individual Retirement Account - ...

    An investing tool used by individuals to earn and earmark funds ...
RELATED FAQS
  1. How can I get a "pensionado" visa to retire in Costa Rica?

    In order to receive a pensionado visa and retire in Costa Rica, a retiree needs to fill out a list of key documents from ... Read Full Answer >>
  2. What option strategies can I use to earn additional income when investing in the ...

    A risk-averse investor should build his retirement portfolio by putting together a well-diversified portfolio and then regularly ... Read Full Answer >>
  3. What documents I need to transfer an IRA/SEP/SIMPLE to a Traditional IRA?

    Most firms require that you complete their account transfer request form, which they use to request the transfer of assets ... Read Full Answer >>
  4. Is there a limit on how much I can move from my IRA to my Roth IRA?

    There is no limit on the amount that can be converted from your Traditional IRA to your Roth IRA. To learn more, read Retirement ... Read Full Answer >>
  5. Why were 401(k) plans created?

    As the most widely used and well-known retirement savings plans in the United States, 401(k) plans were the brainchild of ... Read Full Answer >>
  6. What is the penalty for taking money out of my 401(k) before I'm 59 years old?

    401(k) plans follow tax rules similar to those governing IRAs, each carrying a 10% penalty for distributions that occur before ... Read Full Answer >>
Related Articles
  1. Retirement

    Retire Independently In A Retirement Community

    Naturally occurring retirement communities can provide a place for retirees to live independent, social lives.
  2. Retirement

    8 Toughest Retirement Decisions

    Retirement planning today is much more complicated than in our parents' day.
  3. Retirement

    Early Out: A Realistic Plan To Retire Younger

    If you want to retire ahead of schedule, it'll take some extra planning.
  4. Retirement

    5 Retirement Questions Everyone Must Answer

    Find out what information you need to guide your planning and achieve your goals.
  5. Retirement

    Journey Through The 6 Stages Of Retirement

    Financial planning is important, but emotional planning is the key to retiree bliss.
  6. Taxes

    5 Retirement Plan Moves To Make Before Year-End

    Make sure all your loose ends are tied with these simple reminders and tips for your plans.
  7. Taxes

    Common Questions About Retirement Plans

    We offer some solutions for the individual taxpayer as well as the small business owner.
  8. Options & Futures

    Retirement Planning Basics

    Realizing your post-work goals need not be daunting. We'll tell you everything you need to know to get - and stay - on track.
  9. Retirement

    How to Battle Inflation During Retirement

    If inflation is imminent, here's how to prepare.
  10. Retirement

    Can Retirement Damage Your Health?

    Experts say there's a right way and a wrong way to do everything, even retire.

You May Also Like

Hot Definitions
  1. Radner Equilibrium

    A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then ...
  2. Inbound Cash Flow

    Any currency that a company or individual receives through conducting a transaction with another party. Inbound cash flow ...
  3. Social Security

    A United States federal program of social insurance and benefits developed in 1935. The Social Security program's benefits ...
  4. American Dream

    The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version ...
  5. Multicurrency Note Facility

    A credit facility that finances short- to medium-term Euro notes. Multicurrency note facilities are denominated in many currencies. ...
  6. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!