A Study on Retirement planning and matching of monthly earnings with living standards and expenses by retired employees

We all face different challenges and resistance to change during different phases of life right from birth, first day of play group, first day of school ,college, marriage ,job and so on. Because it s a natural human tendency to resist the change. All these phases are characterized by positive excitement or nervousness of future or different mind sets. Every individual is different. Everybody has their own strengths and weaknesses. So it differs how person tackles with these transitions. This paper will specially highlight on retirement transition. What are different aspects involved in it. What are the challenges faced by individual passing through this phase. How to cope up with this transition phase successfully. What are the common factors applicable to everyone? What are different ways available to ease the retirement? There are persons who took their career at top at the age of 60. What are the motivational factors &leanings behind it? If it is possible to few of them then why not to others? This paper deals with bridging a gap between these two personalities.