Are You In the “Big Decision” Phase of Retirement?
In recent months we started an important conversation about new ways to envision modern retirement. As noted in the study entitled “8000 Days of Retirement,”¹ retirement can now be a dynamic period lasting 20 years or more. For those who reach their 80s, that’s one-quarter of their lives.
The four phases of retirement identified by MIT AgeLab are: the Honeymoon Phase, the Big Decision Phase, Navigating the Longevity Phase, and the Solo Journey Phase
This month we will focus on phase two of the four phases of retirement, the “Decision Phase.”