Positive Psychology in Retirement Planning: Using the PERMA Model for Wellbeing
The PERMA model of wellbeing can be particularly useful in planning for retirement, to ensure that we are considering these very important elements of life that support and enhance our wellbeing. So what does PERMA stand for, and how might you integrate this into your retirement planning? We take a look at each of these elements below and highlight some questions you might consider on your retirement journey.
Research Highlight: Expectations for Gradual Retirement
A recent report by Fidelity highlights some trends around how Australians are thinking about and planning for retirement—both financially and non-financially. In their survey of over 1,500 Australians (either already retired or nearing retirement) reveals that most people are looking to make a more gradual transition to retirement, mostly for non-financial reasons. Nearly 9 in 10 respondents found the idea of transitioning into retirement over time appealing.