Many people are so fixated on saving for retirement that they forget to plan what they’ll do during that time. If you cut out your days of work, you now have 40-60 extra hours in your life. What will you do with that time? After all, there’s only so much golf you can play.

The New York Times urges us all to think through the issue in depth prior to retirement and suggests considering not only what you’ll do with your free time, but how you’ll feel about it. Furthermore, the Times lists five retirement myths to demonstrate that retirement is often not what we expect. These myths include:

If retirement isn’t here yet, you don’t need to think about it.

Retirement is simple: you just need to stop working.

Retirement will be a perpetual vacation.

If you have enough money to retire, you will be fine.

You are going to love spending all that extra time with your spouse.

The last thing anyone wants to do is spend their twilight years wandering about aimlessly. Have you considered what you’ll do when you retire?

When Retirement Collides With Reality [NY Times]
(Photo: saramarie)

— FREE MONEY FINANCE

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