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This longitudinal qualitative study explores teachers' perceptions of retirement through interviews with 13 educators (aged 48-73) conducted six months before and after retirement. Using Consensual Qualitative Research methodology, we identified three central themes: liminal exploration before retirement, reconstruction of the retirement phase, and identity-based coping mechanisms. Findings challenge traditional decline narratives and the framing of retirement as disengagement, revealing instead an active process of identity negotiation and continued development. Pre-retirement perceptions strongly predicted post-retirement experiences, with those viewing retirement as a "beginning" experiencing renewal, while those seeing it as an "end" struggled with meaning loss. The study introduces "liminal exploration" as a conceptual framework and offers practical implications for retirement counseling and educational policy, recognizing retirees as valuable resources.