5 Bad Things About Early Retirement
As an adult, we spend the majority of our time working as much as we can to retire. Whether your job calls for repeated use of your hands or you deliver supplies to local stores, the end goal for all of us is retirements.
Some of us may look to early retirement so we can enjoy the rest of our lives. But it is not as easy as it is made out to be. Here are the bad things about early retirement that no one talks about:
1. You’ll Suffer an Identity Crisis
Many people find it easy to define themselves by their chosen career path. But what happens after you leave that position as an investment professional or IT security expert? Many of us gain a new perspective once we’ve left the job we had for so long. It helps one to realize how deeply ingrained into life their job was.
The length of the identity crisis you experience varies from person to person. You could go through in no more than a few months or it could be as many as five years.
Of course, this all depends on your last held position, what education it took to acquire employment after high school, and if there was a retirement plan in place beforehand.
People often compare themselves to others, thinking things like “If the person who replaced me can do the job, what good were my skills, to begin with?”
2. You Will Be Stuck in Your Head
Early retirement means having as much as two weeks at a time to yourself. Finding ways to divide that time into productive tasks becomes difficult when it’s become the center of your focus.
One’s mind can often suffer from laziness because of all the time now available.
The motivation that you had at work may not be at the level it once was, and you may get depressed. Only when you question your life’s direction will you be able to increase productivity as you organize better.
3. People Will Treat You Like a Misfit
Retiring early might be considered a luxury to those who work every day. Because you are not on a normal work schedule or doing something physically demanding anymore, people may give you less respect than they’d previously given you.
When they ask what you do for a living, what’s the answer going to be?
Many people might also see early retirement as an attempt to escape taxes and essentially slacking off.
If you’re already on the outside of work groups, you’ll be less likely to receive an invitation to the next office gathering.
As an introvert, you’ll likely find it pretty easy to retire early. Extroverts, who enjoy speaking and the company of other people, might have a tougher time of it.
4. You’ll Be Disappointed That You Aren’t Happy
Thinking back to high school and college, you were probably like most of us and didn’t have much money except for what was saved and gathered from work-study programs. Even with the few dollars you had, it was probably some of the happiest years you had in life.
There’s nothing like having the freedom to what you wish. With all that freedom comes the time to sit and think about things.
You’ll wonder when you’re feeling angry or sad, why you’re even feeling that way when people are hoping for even the shortest work day in pouring rain.
5. Your Constantly Wonder Whether This is All There is To Life
One may liken early retirement to finally finishing that show people recommended you binge watch. It’s alright that it finally ended, but you need to find a new show that measures up or knock your expectations out of the park.
It is common for people to attend at least 13 years of schooling before entering college-level education, leading to an acceptable job. We then spend the majority of our years saving enough money to retire by age 65.
Retiring earlier changes things a little, making you anxious for what lies around the next corner of life.
You sit and mentally prepare yourself for the next big event, while friends are having their wits engaged and tested at work. Spending time on your own can become a yawn fest, leaving you bored out of your mind.
Many might will themselves into action as a result, re-igniting that desire to join the workforce and be told what to do.