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Some time back, Dr. Martin Hyde from Swansea University joined us to share some research on some of the challenges that people may have as they transition into retirement. (If you are interested in watching the first video you can watch it on our YouTube channel)

So I was delighted to have him join us again to discuss some possible options on how to improve our planning and approach to this major life transition.

Dr. Hyde along with a team of researchers were commissioned by the CGF and the Centre for Ageing Better to conduct analysis of the outcomes of individuals taking specific courses designed to help them prepare for their transition to retirement.

In the following video, he shares what they discovered. These are some of the highlights of our discussion;

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How the Research Was Conducted

This research study was commissioned by a commission in the UK called Centre for Aging Better. The primary focus of this particular research study was to synthesize research rather than develop new research.
The approach was to review the available research to find out how people who are approaching retirement what their expectations are and what their experiences are once they have transitioned into retirement.
There was a particular focus on those that possibly experienced difficulties so that the organization can develop practices and policies to help them have a better, healthier and happier retirement
Through conducting a narrative synthesis, they agreed on specific search terms and then searched studies and papers that had been published after 2002. The team initially discovered approximately 1,800 papers to review and then reduced it down to around 200 to 220 papers to complete a detailed analysis of.
The final report was extremely extensive – approximately 70 pages in length.

The Major Findings of the Study

Unfortunately, one of the significant findings was the inequalities within the retirement transition experience. Individuals in disadvantaged groups had a poorer expectation of retirement and once retired tended to have more problems adjusting to retirement
The biggest discovery was around the amount of control people felt they had within the retirement process and how this aspect contributed to the overall retirement transition process. It wasn’t just around their resources (ie financial or health resources), but whether people believed they had the ability to manage and control their lives.
- For example, from a financial perspective, it wasn’t about how much money someone necessarily had but whether they believed they had enough to meet their retirement goals and were going to be in a position to manage it. Or another example was couples planning for retirement together and feeling that they were moving forward towards retirement in the same direction. •
They also discovered that there are some gaps in this research. For example whether different ethic groups have different experiences. As well, research on the expectations before retirement compared with the reality of what actually happened after they retired and what gaps (if any) there were.
To read the full research study – go to the Centre For Better Aging Website Recommendations For People

Transitioning to Retirement

Start focusing on what you plan to do in retirement and what you want your retirement to look like and begin to prepare for this before you actually retire. Too many people are retiring without a plan in place.
Think much more broadly about your retirement. Of course there is the financial aspect that needs to be considered however the research discovered that the financial component played quite a small role when it came to the actual adjustment and transition into retirement.
Here are a few examples of things to consider before you transition to retirement;
- If you previously worked and now are retired and with your Partner 24/7 – this relationship will change. How will this impact you / your Partner?
- You will now have more time on your hands. How do you plan to fill your days? What are the things you want to do / what are the things you don’t want to do?
- Where will you live? Will you stay where you are do you plan on moving?
Retirement can now be twenty to thirty years (or more) so you do need to give it some serious thought as to what you will do with this extra time.

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Susan Williams is the visionary founder of Booming Encore. With over 28 years of experience in corporate senior leadership and executive roles, she realized there was a significant gap in resources for those seeking a purposeful and healthy later life. Driven by her passion to make a difference, she decided that if she couldn't find it, she would create it and launched Booming Encore in 2013.

Since then, the Booming Encore has organically grown into a globally recognized authority on retirement, aging, and longevity. Susan’s commitment to empowering individuals is further reflected in her co-authorship of Retirement Heaven or Hell: Which Will You Choose? and her contributions to Longevity Lifestyle by Design.

An engaging speaker and advocate, Susan passionately shares the importance of all the aspects that can help people positively live, embrace and contribute in their later years. Today, she’s not just helping others create their own “booming encore”—she is actually living hers. Join her on this inspiring journey and also live your best booming encore!

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Founder, Booming Encore

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