Retirement from work can present a significant adjustment challenge for the older population financially, socially and emotionally. Retirement has been identified as a significantly stressful event. Work provides both a structured activity within a regular time frame and a sense of purpose and daily meaning. Energy is channelled into intellectual, creative, and/or physical tasks that offer a sense of satisfaction when they are completed. The planning for retirement is associated with successful adaptation. A realization of the potential and rewards of retirement will also facilitate this adaptation.
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Lo et al. (1999) studied this question.
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