Wednesday, February 19, 2014

Four types of Retirees

There are Four Types of Retirees

Ageless Explorers
Make up 27% of the older adult population
Described as youthful, working, and happy, this group loves freedom, seeks personal growth and are often active volunteers. Of the four groups, they spent preparing for their retirement, maxed out their 401(k)'s, had financial planners and have the highest net worth. When asked, "When will you feel elderly inside?" they responded, "Never".


Comfortably Contents
Make up 19% of the older adult population
Living their Golden Years, they are relaxed and content not to work. Their primary desire in this stage of life is simply to relax and be free of worry, stress and obligation.
worth of the four groups, they maxed out their 401(k)'s and had financial planners. When asked "when will you feel elderly inside?" they respond "Soon".

Live For Todays
Make up 22% of the older adult population
Describing themselves as fun loving and adventurous, this group loves the idea of continuing to grow as individuals. But the problem is that they have spent their lives are not financially prepared. As a result, they are anxious about their predicament and worried about not having enough money in their modest net worth.

Sick and Tireds
Make up 32% of the older adult population 
Making up the largest category, these people have been beaten down by life and are typically having a miserable time in retirement. Unhappy, unfulfilled and generally in most anything, they have given up and are prepared to suffer their way through. To no surprise, this group spent the least amount of time preparing for retirement.


Which one will you be?
The highest correlation to happiness in retirement is the length of time spent having envisioned your retirement.

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