One of the first stages of retirement begins about five years before retirement. This is when we begin winding down work and gearing up for a new chapter.
Stage 1: Winding Down and Gearing Up
As retirement grows near, both optimism and financial preparation increase. Travel and spending decline as we think more about saving and less about spending.But this is also a time when we’re likely to feel stressed with work and look forward to enjoying more leisure time. Retirement starts to feel welcome, a chance to ditch the pressure and take an endless vacation.
