There are Four Types of Retirees

There are Four Types of Retirees Which one will you be?

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 their working years] 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. . . . 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 . . . 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.

Lincoln Financial Advisors