Research has identified a broad range of different impacts that retirement can have on your overall being. It turns out that retirement can have both negative and positive impacts on your health, depending on the study.
The National Bureau of Economic Research identified that complete retirement led to up to a 16% increase in daily activity and mobility difficulties, a 6% increase in illnesses and up to a 9% decline in mental health. These negative health impacts could be minimized if the retiree had social supports, was married, continued to work part time or engaged in physical activity after retirement. The negative impacts of retirement can be bigger if the person was forced to retire.
The National Institute on Aging identified that health conditions have a major influence on a person’s decision to retire early. Individuals that have retired, had a 40% higher chance of having a stroke or heart attack than those still working. The health risks for a stroke or heart attack were highest in the first year following retirement.
The best ways to minimize negative impacts on your health after retirement are to be creative, maintain activities like travelling or sports and to keep daily communication with friends, colleagues and family members. Studies cannot always predict how retirement will impact your life, but having a plan in place can assist you. Talk to an Ohio estate planning lawyer today to learn more.