Irrational beliefs indirectly predict retirement satisfaction through the conceptualization of retirement: a cross-sectional study in a sample of recent retirees

BACKGROUND: Although most retirees are satisfied, some do not feel well in retirement. The resource-based dynamic perspective explains retirement dissatisfaction as the lack of resources. This study focused on psychological resources, specifically on the role of rational/irrational beliefs and retirement concepts in retirement satisfaction. While irrational beliefs have many consequences, we know little about their role in retirement experiences, nor do we know about the benefits/harm of retirement concepts for retirement satisfaction. We assumed that not succumbing to irrational beliefs and conceptualizing retirement actively and positively add to psychological resources helping to adjust to retirement and retirement satisfaction. Our objective was to examine whether irrational beliefs and retirement concepts contributed to satisfaction or dissatisfaction in recent retirees. METHODS: 200 recent retirees (average retirement time 2.8 years) completed questionnaires containing the Irrational Belief Scale, the Satisfaction with Retirement Scale, and the Retirement Lifestyles Questionnaire, which determines the inclination toward four retirement concepts: Transition to Old Age, New Start, Continuation, and Imposed Disruption. The Pearson correlation coefficients were used to estimate the relationship between irrational beliefs, retirement concepts, and retirement satisfaction. We used a parallel mediation model with multiple mediators in the mediation analysis where irrational beliefs were the independent variable, retirement satisfaction was the dependent variable, and the four retirement concepts were mediators. RESULTS: We confirmed higher retirement satisfaction in recent retirees who conceptualize retirement as a New Start and Continuation and higher retirement dissatisfaction in those who see retirement as an Imposed Disruption or Transition to Old Age. The general irrational beliefs had a weaker direct impact on retirement satisfaction than the more specific retirement concepts. Inclination to general irrational beliefs appeared only weakly reflected in retirement dissatisfaction. However, a negative view of retirement as an imposed disruption might increase this inclination by intensifying retirement dissatisfaction. CONCLUSIONS: Our results show a negative retirement concept as an imposed disruptive event that amplifies the impact of general irrational beliefs and leads to retirement dissatisfaction in recent retirees. It suggests that using rational-emotive behavior therapy and interventions to change the negative perception of retirement could be effective in increasing retirement satisfaction.