In a succinct book review of The Retirement Maze, by Rob Pascale, Ph.D., Lou Primavera, Ph.D, and Rip Roach, Forbes magazine columnist Ashlea Ebeling, recaps the key points of the book on how to prepare for a successful, happy and well adjusted retirement.
While millions of Americans begin the transition from work to retirement, I'm more than happy to see yet another book about the planning and thought it takes to retire successfully. This book is unique in that it delves into the often overlooked emotional aspect of retirement planning as well as providing intensive academic research resulting in a well written, informative study on how to get to that sweet spot in retirement.
Pascale, a former market research founder, joined forces with psychologist Primavera and marketing director Roach, to dig into the journey to those beginning a new non-working life. Through interviews they discovered the determining factors of most successful and happy retirees were gender, health, wealth, attitudes, motivation, and personality.
No surprise to me, the authors repeatedly discuss the need to plan, both financially and emotionally, for a purposeful and successful next life stage.
Want a well adjusted retirement? Ebeling sums up The Retirement Maze nicely by providing 5 key takeaways:
- Maintaining structure, purpose, and direction
- Managing expectations
- Stay connected - keep up (and add to) your social life
- Have your finances in order
- Keep searching and experimenting.