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Today’s retirees are living longer than ever before and experiencing retirement in new ways.
Gone are the days when people worked 50 years for the same employer, retired on a predictable pension, and settled down into a quiet lifestyle.
Today’s retirees are more active—with baby boomers controlling 70% of the country’s disposable income. They’re traveling the world, learning new skills, and redefining what creates a retirement community. With 10,000 boomers retiring daily, this drive to enjoy a vibrant retirement is becoming more common.[1,2]
In addition, pre-retirees appear to feel more confident about retirement than years’ past, with two-thirds saying in a 2019 EBRI survey that they believe they can retire comfortably. One approach to maintain confidence in retirement is to assess your needs, look ahead, and prepare for both the known and unknown.
While you can’t be certain what the future holds, you can strategize for the retirement life you want—and take these five steps to help you get there with confidence.
1. MediaPost.com, 20192. National Council on Aging, 20153. Employee Benefit Research Institute, 2019