The Three Stages of Retirement – An Introduction (Part 1)
Aging is a natural part of life. Each of us will go through different stages at different times, but it’s important to be prepared for the later stages of life and plan well in advance. Throughout most of your adulthood, your income came from your hard work and your business if you owned one. With retirement, where will your income come from now? As we enter retirement, there are different phases we go through that I have broken down into three parts:
The active phase of retirement: This is when you have the full mental and physical capability to do what you want during your retirement.
The semi-active phase of retirement: During this stage, you begin to realize things are changing and now there are limitations to what can be done.