Life After Retirement

Retirement might coincide with important life changes; a retired worker might move to a new location, for example a retirement community, thereby having less frequent contact with their previous social context and adopting a new lifestyle.

Often retirees volunteer for charities and other community organisations. Tourism is a common marker of retirement and for some becomes a way of life, such as for so called grey nomads.Often retirees are called upon to care for grandchildren and occasionally aged parents. For many it gives them the more time to devote to a hobby or sport such as golf or sailing.

On the other hand, many retirees feel restless and suffer from depression as a result of their new situation. Either because of the sudden increase in free time, or because of a decline in their personal health, the newly retired are one of the most vulnerable societal groups when it comes to depression.

In some countries, retired workers will continue to participate in the life of their family and their society, often following ancient ethnic roles. Some countries are sponsoring initiatives to help retired workers keep contributing to social and cultural life.

Outside a retirement home

Many people in the later years of their lives, due to failing health, require assistance, the highest degree of assistance - in some countries - being provided in a nursing home. Those who need care, but are not in need of constant assistance, may choose to live in a retirement home. This is a facility giving the retired person some degree of freedom, yet with close-by medical assistance to handle emergencies.
 

Retirement ceases if the retiree decides to go back to work. A retiree may go back to work for a number of reasons, ranging from financial hardship, to the simple desire for activity or new social interactions. New careers where the 'retired' return to work is an increasing phenomenon in Industrialised countries where inflation has reduced the value of available Pension income below that required to maintain a reasonable standard of living. Many corporations are now explicitly recruiting retired workers for their experience, attitude and loyalty.

Old-age pensions are usually not reduced because of other income, so the latter comes on top of the former. This may be different in the case of a disability pension.

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