When Saeed Amanullah retired seven years ago, he thought he had his life all figured out. Like many people hitting the retirement trail, he planned to do some consulting work and to go abroad to see the world.
But for Amanullah, 71, of Orange County, CA, things didn't quite work out the way he expected. His grand plans of turning his civil engineering career into consulting work turned out to be a letdown.
Since Jeanne Erdmann's mother was diagnosed three years ago with dementia, she has taken on the daily responsibilities of bathing and dressing her mom, preparing her meals, making sure she takes her medicine, and managing her finances.
"It wears you down. I think it's the grind of having someone there every day who needs more and more attention," says Erdmann, a medical journalist in Wentzville, Mo. Although she says she's happy to be there for her mom, Erdmann acknowledges the toll caregiving ...
"I found it monotonous," he says, "and I just came to the conclusion that I had to get into something different in order to enjoy myself. But I was puzzled as to what to do because I had no other skills to speak of."
The Dream Turns False
Amanullah's experience is not unique. To most people, retirement sounds like one big dream come true -- until they're actually faced with it.
"People have a certain degree of fantasy about retirement," says Denise Loftus, a retirement and employment specialist for the American Association of Retired Persons. After a few months, she says, they realize it's still important to have some purpose and meaning in life. "You just don't play golf and fish endlessly for the rest of your life."
Getting a Plan
"It's important that people face the reality beforehand," Loftus says. "They need to think and plan what they are going to do with all those hours that used to be taken up by work."
For many, retiring means continuing their careers -- just on a smaller scale. According to a 1997 survey by the Employee Benefits Research Institute, 72 percent of all workers, especially those from ages 34 to 44, plan to work after retirement. Others choose alternate paths such as volunteering, going back to school, and traveling.
But the main problem with retirement planning these days, says Loftus, is that for so many it means only financial planning. People must also take into account the personal adjustment that retirement will demand of them, and address practical concerns such as whether they will move or stay in the same city or house.