When considering retirement, many pre-retirees and recent retirees focus on the vacation part, making plans to travel and pursue interests and hobbies. You might also be looking forward to the initial honeymoon phase of retirement, when you don’t have to wake to an alarm clock, quickly wolf down breakfast, and rush out the door to work.
But then what? Sooner or later, you’ll realize that pursuing these activities only occupies a relatively small amount of your time throughout the year. And the excitement of the honeymoon phase fades away as it becomes your normal routine and you settle into the next phase of your life, which can last 20 to 30 years.
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