From Breadwinner to Retiree: How to Manage the Transition

Many people arrive at retirement with mixed emotions, including anxiety. Making the transition involves a profound shift in your mindset.

An older woman and a young boy happily hug each other on a sofa.
(Image credit: Getty Images)

While some people leap into retirement with joy, delighting in the freedom to pursue their passions or spend time with the people they love, others struggle to get their footing. They're not sure what they'll do, how they'll spend their time or even who they'll be when work no longer gives shape to their lives.

The journey from being a breadwinner to embracing retirement can bring mixed emotions. Astonishingly, retirement ranks 10th on a list of life's most stressful events (higher than pregnancy and foreclosure). This shift signifies more than a financial change, although retirement happiness depends on getting that right, too. More important, this transition requires a profound shift in mindset.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Erin Wood, CFP®, CRPC®, FBSⓇ
Senior Vice President, Financial Planning, Carson Group

Erin Wood is the Senior Vice President of Financial Planning at Carson Group, where she develops strategies to help families achieve their financial goals. She holds Certified Financial Planner, Chartered Retirement Planning Counselor and Certified Financial Behavior Specialist designations.