About this episode
Upthinking Finance™ is now trademarkedMost retirement planning tends to focus on the financial side, but on this episode of Upthinking Finance™, we welcome Dr. Sara Yogev, clinical psychologist and author of “A Couple’s Guide to Happy Retirement and Aging.” We’re digging into the often-overlooked emotional and psychological aspects of transitioning into retirement.Drawing on over 30 years of experience, Dr. Yogev unpacks why psychological preparation is just as important as financial security, and sometimes even more challenging. We explore why retirement represents one of life’s biggest transitions, the stages most people experience, and the surprises that can catch even the most financially savvy off guard.Dr. Yogev offers practical advice on how to mentally prepare for retirement, maintain purpose and connection, establish a routine that brings true satisfaction, and navigate changes within relationships.You will want to hear this episode if you are interested in...Feeling inadequate without a career identity [06:40]Focus on increasing "joy span" for successful aging and retirement [11:48]Diversify your social portfolio [16:01]How to balance time alone, together as a couple, and with family [18:16]Be adaptable and open to change in family connections and expectations [21:59]Harmonizing post-retirement relationships [27:52]Gradually incorporate big changes, like relocating for a smoother transition [35:10]Retirement requires more mental as well as financial preparation [39:09]Preparing for the Psychological Transition to RetirementMost financial conversations about retirement revolve around money—accumulating enough savings, securing income, and ensuring a comfortable lifestyle. Yet, as Dr. Sara Yogev, clinical psychologist and author of “A Couple’s Guide to Happy Retirement and Aging”, points out, there’s a world beyond spreadsheets and investment portfolios. The emotional, mental, and relational challenges that come with stepping out of the workforce are just as critical to address as the financial ones. People really neglect psychological planning and preparation for retirement. They think, “Oh, if I have enough money, it’s fine.” But considering that retirement can last anywhere from one-third to one-fourth of your life, ignoring the psychological aspects can lead to dissatisfaction and discord—even for those who are financially secure.Navigating the Emotional LandscapeRetirement, like any major life transition, comes in stages. The initial honeymoon phase can last from six months to two years before giving way to a stage of disenchantment. Here, retirees might grapple with the loss of work-based identity and purpose.For many, professional life was more than a source of income—it was a wellspring of meaning, structure, and community. And when these roles fall away, so too
