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The Three Stages of Retirement: The Active Stage (Part 2)


The Three Stages of Retirement: The Active Stage (Part 2)
The Three Stages of Retirement: The Active Stage (Part 2)

This is the moment many of us have been waiting for our entire working career – the day we retire! You have successfully run a business or have made grand leaps in your career and accomplished so many great things over the last few decades. You’ve worked hard for your entire life and one of the many reasons you worked so hard is to live stress-free during retirement. When you first retire, you are entering the first of the three stages known as the active stage of retirement.


What is the active stage of retirement?


The active stage of retirement is when we can revel in our newfound freedom and indulge in everything we wanted to do when we retired. No more 2-week vacations, deadlines or pressure from work, you are now able to do what you want, when you want. During this stage, people usually take longer trips or indulge in more activities. This stage occurs roughly between the ages of 60-75 when you initially retire. During this time, people are typically still very active health-wise and mainly just looking forward to enjoying retirement.


How should you manage your finances during this stage?