If you have reached or are close to full retirement age, weighing if and when to retire may feel overwhelming. After all, you’ve likely dedicated decades to your work to arrive at this juncture.

You’re probably now engaging in a considerable amount of self-reflection to prepare for what’s next. To better equip yourself for your retirement years, pose the following questions to yourself and seek realistic answers.

How will retirement emotionally affect me?

Retirement is a major life-changing event, making it essential to consider its emotional impact. Envisioning these years and the uncertainty can be disconcerting for some. And because people are living longer than previous generations, retirement brings the challenge of finding meaningful and gratifying pursuits for two, maybe even three decades, which can be anxiety provoking even if you are fully ready to retire.

Mentally preparing yourself for a new routine, lifestyle change, or living environment will be critical during this transition. According to AARP, almost half of retired individuals failed to prepare for their emotional health during this time. Formulating a detailed plan for your retirement can help you experience fulfillment and feel like you have a sense of purpose to avoid boredom, isolation, and loneliness.

Will I be able to manage financially?

The fear of outliving financial resources, known as longevity risk, is a significant source of stress and concern for many. And if worries about financial limitations do arise, you could contemplate the option of selling your home and utilizing some of the equity to bolster your funds. Because it’s impossible to accurately predict how long you’ll live, determining the necessary amount of savings is more about making an informed estimate. That’s why it’s crucial to focus on fortifying your funds in the lead-up to retirement. Whether your income sources will include social security, pensions, or investments such as 401(k) plans or IRAs, consider what you’ll need to sustain your preferred lifestyle. This includes indulgences like travel and entertainment, while also taking care of unforeseen health care expenses. This can also help ensure a solid foundation for a successful retirement.

What activities and interests do I want to pursue?

Begin by setting your retirement goals and establishing how you want to fill your days. For example, you may have a talent or hobby, whether artistic or in craftsmanship, that lends itself to a potential small-scale enterprise. Many retirees want a second act after departing from their long-standing profession. Or you might be inclined toward part-time engagement in a field that captivates your interest, serving both as a productive pursuit and a supplementary income source.

Alternatively, your aspirations may include a travel bucket list or a goal to explore painting skills, strengthen your culinary expertise, learn a new language, or even return to an educational institution. Regardless of your path of interest, defining your sense of purpose, and formulating and setting objectives are crucial steps to ensure lasting contentment and a sense of fulfillment.

Where do I want to live?

One of the greatest things you can do for yourself is to ensure you have a network of friends, family, or groups to support you and provide social engagement during this next stage of life. For some, this may mean remaining in their local area. For others, it may require a move to a retirement community or an area to be closer to children and grandchildren.

Another factor to consider is environment and lifestyle. For instance, if you’ve always resided in colder climates, relocating to a warmer southern region can allow you to enjoy outdoor activities year-round. Or perhaps you’re looking for an area that offers a wide array of activities and social interactions, in which case an independent living or active adult community may be the solution for you. If you’re considering a move to a new community, make sure to take a visit there to gain firsthand insight into the potential lifestyle it offers.

It’s never too early to start planning for your retirement. Even if you’re not quite ready and want to do it gradually or it’s still five or ten years off, being proactive and personalizing your plan to meet your lifestyle wants and needs can help alleviate future financial and emotional challenges. Even better, it will allow you to take full advantage of all the possibilities this stage of life has to offer.