Though the idea of having all the free time in the world might seem appealing, once you find yourself in that situation, the reality might hit you hard. The truth is that it's difficult to go from a full-time work schedule to a total lack of structure, which explains why so many retirees ultimately fall victim to depression.
If you'd rather avoid that fate, come up with a plan for spending your newfound free time, and make sure it aligns with your budget and income. You might think you'll go golfing twice a week and travel once a month, but if your savings can't support that lifestyle, you'll need to come up with a different plan.
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