Helping Dad Retire Happily Flashcards
What are atchleys 7 stages of retirement?
Pre-retirement Near pre-retirement Honeymoon phase Disenchantment Re-orientation Stability Termination
What stage would dad currently be in?
Pre-retirement or near pre-retirement
Retirement may seem remote or,
May have begun planning retirement and disengagement from work
What are the pitfalls of retirement?
Honeymoon - start is fun, exciting and full of activity
Once someone has done all they wanted to do, typically in short time, enter disenchantment and feel empty and depressed
How can Dad avoid this pitfall?
Make long-term plan of things he wants to do - help spread out activities so there is no short activity filled period contrasted with dull period of nothing to do
Include finances to maintain financial security over time
What are dads protective factors?
Married
Living in own home with mum
Financially secure
Has good social network including many ‘successful’ retirees for support during change
What are risk factors for dad?
Need to plan finances to avoid financial stress
He is a white collar worker
What other advice would you give?
Take up a hobby or volunteer
Gives purpose which maintains self esteem and self worth
