While I encourage seniors to make the most out of their lives especially during retirement, it is not impossible for many seniors to still be scrambling for money or perhaps doubting if their nest egg is really enough. My take is that your nest egg can never be enough. Aside from that, you will come to a point when your “retired” days become boring, annoying and downright ridiculous – enough reasons to make you get out of the house and do something meaningful to occupy your time – okay, not meaningful all the time but whatever is there to amuse you, right?

Hence the delay in retirement. I believe that seniors nowadays are as active as ever and they don’t really need to be told that they have already reached their retirement age. Nowadays, “retirement age” is only a number, nothing more. However, there are many factors you need to consider now that you are nearing your retirement age, one of them is time spent on rediscovering yourself. It is only normal to be torn between putting up a business and be your own boss vs. staying employed wherein financial stability is almost guaranteed.

Assessing the risk is the most important of all factors to consider if you are torn between these two options. Putting up a business is quite risky especially if you don’t have enough experience under your belt, formal and informal experiences, while staying employed can bring about dissatisfaction and unease since this should be the time when you could finally enjoy a slower phase and pursue other interests. Emotional risks should not be taken lightly as it can lead to depression and ultimately other health problems. It is important that seniors stay happy and contented all the time, no matter what.

Again, staying contented is the key to a happy seniorhood. Moreover, it is important that whatever you are doing motivates you as well. In other words, you should be enjoying the work you do, and at the same time, it should challenge you as a person. If you decide to self-employ then make sure you have enough time to grow with your endeavor. On the other hand, if you have decided to stay employed, better make sure you are getting exactly what you want from it.

Lastly, always include your family in the equation since they are the most affecting factor on your decision. Either way you decide to go, your family will surely feel the effect so make sure they are always involved and they know what to expect.