TheStreet.com, with AgeWave, Harris Interactive, and Ameriprise Financial, conducted a survey in 2005 in which they identified the emotional aspects of retirement and found similarities with Elizabeth Kubler-Ross’ On Death and Dying, which outlines the five stages of dying. It’s kind of creepy but the analogy is a useful one. The first stage of retirement? Imagination.
Imagination refers to the six to fifteen years preceding retirement in which soon-to-be retirees imagine what life would be like after work. While it’s not a top priority, other things are at this point, it’s still something that concerns people as only 44% consider themselves “on-track.”