The process of retirement begins with attitudes toward retirement, retirement policies, and factors in the decision to retire. Currently, high levels of desire for retirement and poor health cause most retirements to occur at or near the minimum age for retirement. The retirement transition has varying effects, depending on how the individual arrives at retirement. Those who retire voluntarily have little or no difficulty adjusting. Those who are forced out by mandatory retirement policies tend to be dissatisfied at first, but eventually they adjust. And those who retire because of poor health are understandably the most dissatisfied, although retirement improves health for many of them. Retirement itself has no predictable negative effect on physical health, selfesteem, or life satisfaction. It does tend to reduce activity level. A good adjustment in the retirement years depends on having a secure income, good health, meaningful activities and high marital satisfaction. Given income and health, most retired persons adjust well. However, retirement income systems and health care financing systems in America are losing ground, and gaps in coverage are widening. This situation poses a serious threat to the future of retirement.
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