This isn’t the first time I’ve read an article that said more or less the same thing.
An article, published by BBC, “Can Retirement Kill You?” tackles the question with unflinching honesty, using Dr. Harry Prosen, who stepped down as the Head of Psychiatry at the Medical College of Wisconsin in 2003 at the age of 71, only to continue to work afterwards on various jobs in order to keep busy.
Lately, Prosen doesn’t seem as out of the norm as he would’ve been 20 years ago.
For many seniors, “retirement” no longer means what it used to–leaving your job and lounging around at home until the end of your days.
In fact, many baby boomers are beginning to see retirement as only one phase in their life, which they have conquered only to be presented with many more opportunities in the future. Like Prosen, many are taking on new jobs, or dedicating time to previously forgotten dreams while dabbing in their previous profession.
Prosen, now 83, continues to see patients, consult various organizations and tries to keep up with the latest and greatest advances in the field of medicine via medicine journals. Life hasn’t stopped for him, retirement has simply freed him up to do more of the things he “loves” and less of the things that are “required.”
Even more disturbing are the statistics published by the London-based Institute of Economic Affairs, which found that retirees are more likely to experience depression by 40% and 60% more likely to suffer from at least one physical ailment.
The study also found that across borders and 11 European Union countries, retiree suffered in the same ways and to the same degree. Most importantly, during the first year of retirement, many retirees’ health improved. However, two or three years later, the study found that many participants’ physical and mental conditions were beginning to deteriorate.
It seems to me that completely slowing down for an extended period of time is just as bad as being stressed for a good portion of your “productive years.” In the end, I think it’s important to strike a balance above everything and slowly unwind while keeping the mind occupied.
In Prose’s case, he’s managed to remove himself from the stress of an everyday job to more minimal, but still mentally engaging, tasks. By consulting with organizations or continuing to see select patients, he continues to put into practice his education without overworking himself.
A reverse mortgage can help begin the next stage in your life. Retirement is no longer the end of something, but the beginning of something greater, and the considerable cash flow boost borrowers can obtain with a reverse mortgage can make it all that much easier to enjoy retirement.
No longer do you have to work to maintain you lifestyle, you can work for fun or to keep yourself engaged, and let a reverse mortgage take care of the rest.
Interested in a reverse mortgage? Give PS Financial Services a call at (888) 845-6630 or sending us an email at info@PSReverseMortgage.com. We do not pressure those who inquire. We are simply here to help.