Retirement is supposed to be a reward for decades of hard work. But the final years leading to retirement can also be fraught with stress and anxiety. Not knowing what the future holds may leave you paralyzed with fear. Have I saved enough money? What will my health care look like? Will I be able to fill my days?
If you notice your pre-retirement anxiety rising, remember that you are not alone. U.S. Census data shows that there are 47.8 million Americans age 65 and older. As the number of retirees continues to grow, so do resources and support available to this age group.
Before pre-retirement stress gets the best of you, take these steps to ease your anxiety and embrace your golden years:
Learn what to expect in retirement
Anxiety can stem from fear of the unknown. One way to reduce pre-retirement anxiety is to educate yourself about retirement. Nervous about health care? Learn about Medicare and the enrollment process. Worried about your retirement finances? Assess your personal savings and map out a retirement budget. The more you know, the more confident you’ll be about taking the leap into retirement.
Break retirement planning into smaller steps
The idea of preparing for retirement can be overwhelming. Experts at anxiety.org recommend approaching retirement planning the same way you would tackle a project at work. Break big goals into smaller steps and focus on one task at a time. Set deadlines for yourself to keep the process moving.
Ask for help when preparing for retirement
You don’t have to plan for retirement alone. Financial planners and insurance agents specialize in retirement preparation and offer valuable information. A certified retirement coach can guide you through the mental, social, physical, and financial aspects of retirement. Ask recently retired friends and family for recommendations and advice.
Ease the transition by focusing on your identity outside of the workplace
Retirement often brings with it a loss of identity. To prevent that feeling, the American Psychological Association suggests that you focus on your identity outside of your job. Recognizing your role as a dad, or a grandmother, or a golfer, or a gardener to shift your perspective and provide a picture of your post-retirement identity.
Consider working after retirement with a bridge job
You may find that you are ready to step back from a full-time career, but not quite ready to stop working altogether. A bridge job can alleviate anxiety and be a great transition between your career and retirement. It will expand your social network, provide income, and postpone your need to dip into savings. Capitalize on your career strengths and personal interests to find a bridge job that excites you.
Let Highmark help with finding your Medicare plan
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Highmark Choice Company, Highmark Senior Health Company, and Highmark Senior Solutions Company are Medicare Advantage plans with a Medicare contract. HM Health Insurance Company is a PDP plan with a Medicare contract. Enrollment in Highmark Choice Company, Highmark Senior Health Company, Highmark Senior Solutions Company, and HM Health Insurance Company depends on contract renewal.
Health benefits or health benefit administration may be provided by or through Highmark Blue Cross Blue Shield, Highmark Choice Company, Highmark Senior Health Company, Highmark Senior Solutions Company, or Highmark Health Insurance Company, all of which are independent licensees of the Blue Cross Blue Shield Association. All references to “Highmark” in this document are references to the Highmark company that is providing the member’s health benefits or health benefit administration.
All references to “Highmark” in this document are references to the Highmark company that is providing the member’s health benefits or health benefit administration and/or to one or more of its affiliated Blue companies.
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Highmark Blue Cross Blue Shield or Highmark Blue Shield are Medicare Advantage HMO, PPO, and/or Part D plans with a Medicare contract. Enrollment in these plans depends on contract renewal.
®Blue Cross, Blue Shield and the Cross and Shield symbols are registered service marks of the Blue Cross Blue Shield Association, an association of independent Blue Cross and Blue Shield plans. Benefits and/or benefit administration may be provided by or through the following entities, which are independent licensees of the Blue Cross Blue Shield Association: Western and Northeastern PA: Highmark Inc. d/b/a Highmark Blue Cross Blue Shield, Highmark Choice Company, Highmark Health Insurance Company, Highmark Coverage Advantage Inc., Highmark Benefits Group Inc., First Priority Health, First Priority Life or Highmark Senior Health Company. Central and Southeastern PA: Highmark Inc. d/b/a Highmark Blue Shield, Highmark Benefits Group Inc., Highmark Health Insurance Company, Highmark Choice Company or Highmark Senior Health Company.
PA: Your plan may not cover all your health care expenses. Read your plan materials carefully to determine which health care services are covered. For more information, call the number on the back of your member ID card or, if not a member, call 866-459-4418.
Delaware: Highmark BCBSD Inc. d/b/a Highmark Blue Cross Blue Shield.
West Virginia: Highmark West Virginia Inc. d/b/a Highmark Blue Cross Blue Shield, Highmark Health Insurance Company or Highmark Senior Solutions Company. Visit our website to view the Access Plan required by the Health Benefit Plan Network Access and Adequacy Act. You may also request a copy by contacting us at the number on the back of your ID card.
Western NY: Highmark Western and Northeastern New York Inc. d/b/a Highmark Blue Cross Blue Shield.
Northeastern NY: Highmark Western and Northeastern New York Inc. d/b/a Highmark Blue Shield.
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