BOSTON (CBS) – I am hoping I never have to retire. Because retirement is a scary state of being.

But I am going to get old so I may be facing some sort of retirement trauma. I need to have plan B in place for only 5% of 65-year-olds are still working.

READ MORE: Wife Of New Bedford Police Sergeant Who Died From COVID-19 Fights For Benefits

About 50% of retirees leave the workforce earlier that planned so about 5 years before you want to retire consider a dress rehearsal to see if you are really ready to retire. I have seen retirees flunk retirement. If you can pull off a dress rehearsal I believe it is worth the time and energy.

Do you have unused vacation time or sick time that you can use? Try living the retirement life for a month or two.

Finances are a big factor in retirement. Calculate what your sources of income will be and try living on that amount for 6 months to one year. How tight is it? Can you still do the fun things you had planned? Travel? Fun weekends away? Spoiling the grandkids?

Do you need to work longer and accumulate more benefits? It is easier to continue working than find a new job post retirement. Will you need a part-time job in retirement?

READ MORE: Firework Thrown From Car Sparks Fire In Franklin; Police Search For Driver

What are you going to do with your time in retirement? It will be a Saturday every day! Get a monthly calendar and spend some time filling in the days. Volunteering? Grandkids? House renovation? Golf? Travel? Gardening? Hobbies? Watching TV? Studies have shown retirees increase their TV time.

If you want to live some place warm like Florida or Nevada try your dress rehearsal in July or August. 120 degrees is still 120 degrees no matter how dry it is! And if it’s Burlington, VT where you want to retire try living there one winter. It is deceptively beautiful in the summer!

If you are coupled do you like being together 24/7? Do you have other interests that give you time apart? If you were thinking of downsizing, do it now while you can still carry boxes up and down stairs. Are you ready to part with some of your stuff?

………………..

You can hear Dee Lee’s expert financial advice on WBZ NewsRadio 1030 each weekday at 1:55 p.m., 3:55 p.m., and 7:55 p.m.

MORE NEWS: Are COVID Tests Accurate For Variants? Dr. Mallika Marshall Answers Your Questions

Subscribe to Dee’s Money Matters newsletter here.