Discuss retirement planning as explained by psychologists Gary Adams and Barbara Rau, and Daniel Feldman and Terry Beehr.

Answers will vary. According to psychologists Gary Adams and Barbara Rau, and Daniel Feldman and Terry Beehr, retirement planning involves dealing with some questions:
• What will I do? A majority of people retiring these days plan some sort of "bridge employment," in which they continue to work for the same employer with a reduced workload or obtain new employment, possibly part-time. About half plan to do volunteer work. Most expect to devote more time to hobbies or special interests. Most people in one way or another maintain-or strive to maintain-their identities and self-concepts.
• How will I afford it? Adequate finances are strongly related to satisfaction with retirement.
• Where will I live? The great majority of retirees stay put. They don't sell their homes or hop to the Sunbelt. However, as time goes on and they become less physically independent, many live in assisted facilities or with children.
• With whom will I share my retirement years? If life partners are not in agreement about retirement activities and residences, the stresses of an unwanted living situation can provide a continuous source of stress.
• How will I decide? There are many phases of retirement decision making: imagining the possibility of retirement, deciding whether and when it is time to let go of a long-held job, and when and how to put concrete plans to retire into action.