Retirement: Now what?!

Think you know what will make you happy when you call it quits? Learn from those who've been there, done that.

Gail MacDonald
Gail MacDonald
Previous occupation: Head of quality assurance, Procter & Gamble, beauty care division
Age at retirement: 47
Gail MacDonald took a year after she retired in 2004 to decompress. During that time she stayed in Cincinnati and took advantage of the attractions - golfing and dining options, gardening - she had always been meaning to try. "I had all 24 hours in the day," she says. "I could go grocery shopping on a Tuesday afternoon instead of eight o'clock at night after work."

This transitional period makes sense to Dave Corbett of New Directions, a firm that coaches senior execs through major life changes. "If you rush off immediately to a gated community in Florida, you could miss out on the next big part of your life."

Three years later, McDonald's now happily ensconced on North Carolina's Outer Banks. "In that first year, I didn't make any big changes," she says. "I allowed fate to take me, and it was delicious."
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.