A gap year in retirement is simply deciding not to…

Transcript

If you're getting ready to retire or you've just retired, you might want to consider taking a gap year. And as you probably know, a gap year is like when, you know, kids getting ready to go off to college. Sometimes instead of just jumping right from their academic career right into the next phase of their academic career, they'll take a little time off and maybe travel or whatever. But some people suggest that it's a good idea to consider a gap year in your first year of retirement. Basically, what you're saying is, I don't have to figure out my retirement. I don't have to be the retired guy for a year. I'm just going to kind of just take everything one day at a time and not try and sort a bunch of stuff out on my retirement for that first year. It's kind of what I accidentally did, but it would have been so much smoother if I would have done it intentionally. So consider taking a gap year, your first year of retirement. And just relaxing and kind of easing into who you're going to be in your new retirement.