This is great on the surface, and the numbers do show growing numbers of retirees in the gig economy, but it’s nowhere near the rates to accommodate those high levels of interest. A recent study by JPMorgan Chase found that only an estimated 400,000 seniors are now doing gig work through such popular platforms as Uber, Airbnb and DogVacay.

I don’t want to take these numbers out of context, as they represent only a small slice of gig companies and opportunities, but there are more than 48 million seniors aged 65 and older. So even if we doubled or tripled the number, we are still only talking about 1.7% to 2.5%, leaving many people on the couch or in PJ’s.

Situations can be compounded with a late-life divorce that can rob you of family and friendships. It’s the same with the loss of a loved one, or a health issue that sidelines you and limits your mental or physical ability.

For advisors, it sounds like a list of topics to avoid, but this is what can happen in retirement, and if we don’t want clients to end up bankrupt, then we have to start addressing these factors. It’s one reason I continue to advocate for a written non-financial plan. One where the focus is on an individual client’s (or a couple’s) own particular time, energy, skills, gifts and talents. What’s interesting is that making financial decisions and investments is much easier when you have a personal plan for your life after work.

I don’t want to say this is some sort of epidemic or global crisis, but the fact is, not doing this type of planning is why we continue to see rates of divorce, social isolation, addiction, depression and suicide rising in the retired population. So advisors can use these three tips to avoid creating an “overdrawn” retirement:

1. Start Finding Balance Now
Let’s face it, it’s difficult to find balance at any stage of life. It seems like things can be going great in one or two areas, but other areas suffer. Furthermore, clients who are still working eight to 10 hours a day face an uphill battle striking a balance among various aspects of their lives.

That being said, it’s important for both advisors and clients to know that just because the work factor is gone, things won’t automatically fall into balance.

In fact, they usually don’t, and things can get worse because people tend to focus on what they like and are comfortable with. In other words, if clients don’t normally exercise and eat healthy, not going to work won’t automatically get them on a treadmill or down to the farmers’ market. It takes time, effort and practice.

So don’t let clients wait until retirement to start reconnecting with people, hobbies and their community. Encourage them to start now.

2. You Need A Different Type of ATM Location And Network
When people need cash, they head to their bank’s ATM for some quick access. In a matter of minutes, they have the financial support they need and are good to go. Occasionally, they may not be near their own bank and may even pay a small fee for access to that cash.