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Kiplinger
Kiplinger
Business
Jacob Schroeder

EXPLAINED: The first year of retirement rule | Rare Historical Photos

An older man or young retiree throws a tennis ball up to serve. The camera is above him and the ball.

While the first year of retirement generally features fewer keg parties, football tailgates and all-nighters, it shares one unique similarity with college: It's a new beginning.

For thousands of new retirees every day, it's a time to spread their wings and discover — or rediscover — their sense of self. And, like college, if you take too much advantage of that freedom and neglect your responsibilities, it can hurt the whole experience.

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