Retirement is a sort of grey area for most of us – a destination that we’d like to arrive at one day, but one we know very little about. But research shows that life after work may have the hidden benefits of extending your life and boosting your health.
A Dutch study, published in the journal Health Economics, found that a group of male retirees who retired at age 55 were 2.6 per cent less likely to die within the next five years than those who didn’t retire early. The study, authored by economists Hans Bloemen, Stefan Hochguertel and Jochem Zweerink, is reviewed in this New York Times article.
Why is retirement seen as good for health?
The Dutch study found that those who were retired had fewer signs of digestive and cardiac trouble – less stress, less “road” eating, and less sitting in traffic.
The Times article also cites US research that concluded retirement is, for health purposes, like finding out you are 20 per cent less likely to develop a serious illness, such as diabetes or a heart condition.
A similar study in Australia found that “retirement was associated significantly with reduced odds of smoking, physical inactivity, excessive sitting and at-risk sleep patterns.” You can have a look at the Australian study, called Retirement: A Transition to a Healthier Lifestyle.
A lot of times we are sort of trapped in our thinking on the topic of retirement. We wonder (and worry) how we will manage to live on less money than we made at work. But the research points to a nice new way to frame our thinking. Retirement may be the time of life when we can really focus on our health and well-being. We’ll be liberated from the stress and strain of the workplace, and able to take the time to look after ourselves.
So as you plan your retirement, SPP can help you with the financial side. What you make of the other side – the opportunity to look after yourself – is up to you.
|Written by Martin Biefer
|Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. After a 35-year career as a reporter, editor and pension communicator, Martin is enjoying life as a freelance writer. He’s a mediocre golfer, hopeful darts player and beginner line dancer who enjoys classic rock and sports, especially football. He and his wife Laura live with their Sheltie, Duncan, and their cat, Toobins. You can follow him on Twitter – his handle is @AveryKerr22|