CINCINNATI (WKRC) – When you think of retirement, you likely think of free time and relaxation. The unfortunate truth is that many people find themselves battling depression in retirement. Fiduciary retirement advisor Rob De Lessio of Strategic Wealth Designers discussed why many become depressed when they stop working. The likelihood of suffering from clinical depression increases over 40% after someone retires.
“People are often provided with a high level of fulfilment when working,” De Lessio says. “You have a routine, the ability to socialize, and a purpose in your day-to-day life. Right after retirement, people can feel lost. But once people settle into their new life, their happiness levels generally increase again.”
Finding reasons to get out of the house and establishing new routines can create consistency after retirement. Prior to retirement, people are used to being on the go for over 40 hours a week away from their family members. Get involved in hobbies separate from a spouse can allow for a routine that mimics that of working years.
“Staying active is crucial,” De Lessio says. “Consider attending workout classes at a certain time every day. This also allows you to meet new people. Give back to your favorite charity and volunteer some of your extra time. Now’s a great time to learn a new skill as well.”
Establishing a new normal and a consistent routine can help you ease into a retirement lifestyle. To see additional stories surrounding business and economic news for the Cincinnati area, visit here and if you have a question for De Lessio send an email to [email protected].