Similar to you, I left my job about a year ago after working non-stop for 25 years (worked through college, software development, architect, director, eventually C-level, all at the same small company). My break was to focus on spending time with my children. It has been very rewarding. Initially, I thought I would take 6 months off and then get back into an IC role, but after a year, I am in no rush. I have played the interview game with a few companies in the last few months, but so far have not found an inspiring place yet. There still seem to be plenty of opportunities with small companies out there.
When I left a year ago, I thought that it was likely that the industry would start to slow down within those 6 months. I have been watching everything happen with mild curiosity. I am fortunate that my wife has a healthy career, so looking for any work has been low-stress.