| We were originally labeled the Baby-boomers. Now | | | | the more significant given that we can often enjoy |
| we're called Elder-boomers or the Age Wave. | | | | twenty-five to thirty years of active living after we |
| Regardless of what we are called, our generation is | | | | retire. Individuals and couples who are proactive and |
| entering the retirement years with a vision and | | | | carefully address all aspects of retirement beforehand |
| vitality much different than those generations that | | | | report having a more successful transition experience |
| have preceded us. We are envisioning these years as | | | | and a more enjoyable retirement. |
| an adventurous and exciting time. In fact, many | | | | Some of the more important areas to consider when |
| people now optimistically describe this time as the | | | | strategizing for retirement are: |
| New Retirement, the Third Quarter, or the Third Age. | | | | Career |
| By using Retirement Lifestyle Strategies, you can | | | | Retirement as it relates to full-time or part-time |
| make the rest of your life the best of your life. | | | | work, entrepreneurial pursuits, and volunteer activities. |
| According to a nationally known group for retired | | | | Family and FriendsThe quality and uniqueness of |
| people in America, 78 million Baby Boomers--those | | | | family members and close friends, evaluating how |
| born between 1946 and 1964--will turn 60 by 2024. | | | | those relationships affect one's retirement. |
| While the next generation attends elementary school, | | | | Intimate RelationshipsThe closeness, connection and |
| middle school, and high school, approximately 10,000 | | | | emotional bond that will support a couple during the |
| people will turn 50 and 8,000 will turn 60 each day in | | | | transition to retirement. |
| that time period. This means that a huge segment of | | | | Personal Development |
| our population will be retiring or planning to retire in | | | | The meaningful personal growth of an individual's |
| the near future if they haven't already. Right now, | | | | strengths, direction, life-satisfaction and path/purpose |
| the average age for retirement is 57.5. | | | | in life. |
| When most people hear the word retirement, they | | | | Leisure Life |
| think of financial planning and choosing where they will | | | | Exploring new activities or continuing current activities |
| live. Both of these issues are very important. We | | | | that create relaxation, pleasure and a healthy attitude |
| must have a sound financial plan in order to face the | | | | toward life. These include social interaction and |
| future with confidence and to know when we will be | | | | solitary relaxation. |
| ready to retire. Some of us may need to postpone | | | | Retirement Lifestyle |
| this transition due to insufficient funds while others | | | | The standard of life created by one's socioeconomic |
| may choose semi-retirement where they can | | | | means that will affect where retirees chose to live, |
| continue to work but at a different pace. Others | | | | whether or not they will work, and the kind of leisure |
| may be in a place where they are able to opt for | | | | activities they will pursue. |
| early retirement. | | | | Money |
| The second most common issue associated with | | | | A retiree's relationship to money and professional |
| retirement is where to live in one's retirement years. | | | | resources for financial planning. |
| This is often influenced by a number of factors in | | | | Spirituality |
| addition to income. Family responsibilities, friendships, | | | | The manner in which we are all connected to each |
| special interests, and medical requirements all play a | | | | other in different ways: how what we do affects |
| part in decision-making. | | | | others in our lives; and how our values are reflected |
| However, other lifestyle choices need to be | | | | in our daily lives. |
| considered in pre-retirement planning yet many of | | | | By examining these areas, discussing them with your |
| these are often overlooked. This is why having | | | | partner, and building a solid foundation during your |
| Retirement Lifestyle Strategies are so important. By | | | | career years, you have Retirement Lifestyle |
| taking a more holistic approach, we will be much | | | | Strategies that will help you make the best of your |
| better prepared as we move toward this very | | | | life for the rest of your life. |
| important stage in life. These considerations are all | | | | |