Retirement can be a significant turning point, bringing a drastic lifestyle change that can be challenging for many. The cessation of work often disrupts the daily routine, removing the familiar sense of purpose and potentially leading to feelings of isolation and boredom. However, this phase of life also opens opportunities for growth and exploration. One such opportunity is returning to college!
The modern retiree is not content with a sedentary lifestyle. Today’s retirees are increasingly seeking to continue learning, expanding their knowledge, and creating new purposes in their lives. The desire to pursue higher education post-retirement has various reasons – completing a delayed degree, learning new skills, or even supplementing their income with a new profession after graduation. Some are drawn to the intellectual stimulation it provides, while others see it as an opportunity to regain a sense of purpose and identity that was lost upon retirement.
However, pursuing higher education in retirement isn’t just about academics. It’s also a wonderful way to stay socially engaged. Colleges are social communities that can help you make new friends and offer you new social experiences that might be hard to find at home. This can be a great way to combat the loneliness that retirees can sometimes feel after leaving the workforce.
Moreover, many colleges provide free and low-cost classes for retirees, making education accessible and affordable.[1] This allows retirees to explore subjects that pique their interest without the burden of a heavy financial commitment. If you are interested in going to college in your retirement, do some research into the colleges near you to see if there is a way for you to get access to those kinds of classes!
However, it’s important to consider the return on investment, affordability, flexibility, and interest of the program before committing to it. An advanced degree may not always result in financial gains, but it can provide personal satisfaction, mental stimulation, and a sense of purpose, enhancing overall well-being.
Every retirement plan is different. Some folks are looking to go back to college, and others are looking for other hobbies and pursuits as they move into their golden years. If you are interested in finding a guide to help you through your retirement journey, schedule a call to reach out to one of our professionals at Cornerstone Wealth Management for a complimentary review of your unique financial situation.
