fbpx
type of retiree

What Type of Retiree Are You?

Everyone Approaches this New Chapter of Life with a Different Outlook

Retirements are like snowflakes; no two are going to look the same. Some people dream of a retirement that’s full of adventure and travel, while others imagine their retirement surrounded by family and good books. And just as there are many ways to envision retirement, there are multiple types of retirees, too.

Nancy K. Schlossberg, author and former counseling professor, discovered throughout her work that there are six main types of retirees. Read on to learn more about each one – and to determine which type of retiree you may be.

The Adventurer

Adventurers are bold, curious, and dive into this new stage of life head-first. This type of retiree is quick to venture into the unknown, often taking up a new job in a completely different career path once they retire.

Finding a new job or hobby in retirement can be an exciting and invigorating time. If you’re interested in trying something new but are anxious about how to break into the field, consider becoming an intern to learn the ropes and make connections.


SEE ALSO: Adjusting Your Retirement Mindset

The Continuer

Continuers are retirees who find it difficult to leave their work and their work lifestyle behind. If this sounds like you, you’ll likely find yourself continuing the work you had been doing but in a different way. For instance, maybe you’re a professor who stops teaching but continues doing research in your field.

The Easy Glider

Easy gliders are those who have no agenda or serious plan for how they’re going to fill their days in retirement. They’re content to relax, enjoy the sunshine, and see where each new day takes them. This type of retiree may have always been laid back and relaxed, or perhaps they had a physically demanding job and are finally able to find relief from their work and enjoy a slower pace of life.

The Involved Spectator

Involved spectators are the type of people who weren’t able to retire from their passions, even as they left the workforce. Perhaps they taught art history and now spend their days obsessing over new art exhibits in town, or they retired from a career in politics and now spend their days trying to help people register to vote. They stay involved and committed to their fields, but as spectators.


SEE ALSO: Adjusting to Retirement: 8 Helpful Tips

The Searcher

Searchers are those retirees who may be struggling to come up with their next move. It’s common for all of us to experience this kind of state, even outside of retirement. However, for many who are accustomed to a routine and set schedule for so many years, adjusting to life in retirement can be especially difficult. If you find yourself searching for direction in retirement, consider taking a class, picking up a new hoppy, or joining a local club to meet new people.

The Retreater

Similar to searchers, the retreaters are retirees who aren’t completely sure what to do with their free time in retirement. While some embrace the unknown, retreaters may feel overwhelmed or scared by it and find themselves retreating into their homes and into themselves. There’s nothing wrong with needing to take some time to grieve your old lifestyle and adjust to a new one, but be sure to not waste your retired years living in the past. After decades of hard work and saving, you deserve a retirement that’s full of all those things you’ve always dreamed of.

Creating the Right Retirement for You

Retirement is a time in your life that’s meant for exploration and curiosity. So often, we have to put our desires and interests on the back burner so that we can focus on our careers and long-term goals. But in retirement, all of that hard work and forward planning are finished. Try to relish in this new chapter of your life, explore your interests, try out new hobbies, find out what you’re passionate about and pursue it.

As you explore your options in retirement – and consider what type of retiree you’ll be – it’s important to be realistic about how much money you’ll need to support your lifestyle. You’ll want to make sure that you’re able to afford this new path as well as the necessities of retirement, such as housing, food, utilities, and more.

If you’d like to speak with one of our professionals about adjusting your retirement savings to fund your new ambitions, contact us today. At Peak Financial Freedom Group, we help our clients design customized retirement income plans to suit their dream retirement lifestyles. We look forward to hearing from you!


This information is provided and intended to be used for general educational and informational purposes only and is not intended as a solicitation for you to buy or sell any financial product. This information is not mean to be relied upon as actual financial or tax advice. The ideas, thoughts, and strategies presented here are those of the Management Team and provide an insight to our views at Peak Financial Freedom Group, LLC and its affiliates. None of this information is intended to give you specific tax, investment, real estate, legal, estate, or financial advice. The planning and ideas in this data are not suitable for all individuals or situations. Consult a qualified financial professional before making any investment decision.
All research information provided is public source material. This material may also include additional references to articles, news, commentary, opinions, viewpoints, analyses, and other information developed by Peak Financial Freedom Group and/or affiliated and/or unaffiliated third parties, which is subject to change at any time without notice. Information and opinions provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Peak Financial Freedom Group and its affiliates are not responsible for errors or omissions in the material and do not necessarily approve of or endorsed the information provided. This information is provided “as is” and no party makes any representations or warranties of any kind either express or implied, with respect to this information. Peak Financial Freedom Group, LLC and its affiliates do not warrant the information provided to be correct, complete, accurate or timely, and is not responsible for any errors or omissions in the information or any investment decisions, damages, or other losses resulting from, or related to, use of said information. The ideas, thoughts, and strategies presented here are those of our management teams and provide an insight into our views on Peak Financial Freedom Group, LLC, and its affiliates. Every detail presented here is subject to change without notice at any time.
Peak Financial Freedom Group
2520 Douglas Boulevard, Suite 110
Roseville, CA 95661

DISCLOSURE:

All presentation data is provided and intended to be used for general educational purposes only and is not intended as a solicitation for you to buy or sell any financial product.  By contacting Peak Financial Freedom Group, you may be offered additional information regarding the purchase of financial products. None of the material presented is intended to give you, nor are the presenters engaged in giving you, specific tax, investment, real estate, legal, estate, retirement, or financial advice, but rather to serve as an educational platform to deliver information; nor is it intended to show you how the strategies presented can specifically apply to your own tax, investment, estate, financial, or retirement position, but rather to offer an idea of how these principles generally may apply. Consult with a qualified investment, tax, legal, and/or retirement advisor before making any decisions.

Stocks, bonds, or mutual funds have risks and can lose principal, even with a stop loss, and there are no guarantees of gains, as past performance is not indicative of future positive investment results. Hypothetical examples are used to explain concepts and are not indicative of potential results you could receive. The sale or liquidation of any stock, bond, IRA, certificate of deposit, mutual fund, annuity, or other asset to fund a new portfolio and/or annuity may have tax consequences, early withdrawal penalties, or other costs and penalties as a result of the sale or liquidation. You can’t invest directly into a stock market index. A fixed index annuity with an income rider can protect your savings from losses and provide you guaranteed lifetime income, but you could incur surrender charges, gains aren’t guaranteed, you’ll pay a fee, and guarantees are backed by the financial strength claims paying ability of the issuing annuity company. If you place assets under management with our firm, we receive advisory fees for assets you place under management and commissions from insurance companies you buy products from. Seminars, radio shows, TV productions, book releases, magazine and book promotions are sponsored, promoted and paid for by Peak Financial Freedom Group, LLC.

Peak Financial Freedom Group LLC and Fiduciary Solutions LLC do not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by an unaffiliated third party, whether link to Peak Financial Freedom Group LLC’s web site or incorporated herein and take no responsibility therefore. All such information is provided solely for the convenience purposes only and all users thereof should be guided accordingly.

2019(1), 2020(2), and 2021(3), Five Star Professional Wealth Manager Award - Dan Ahmad and Jim Files have been nominated for and have won the 2019, 2020, and 2021 Five Star Wealth Manager awards. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Once awarded, wealth managers may purchase additional profile ad space or promotional products. Award does not evaluate quality of services provided to clients. The Five Star award is not indicative of the wealth manager’s future performance. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. Award winners represent an exclusive group of wealth managers who have demonstrated excellence in their field by satisfying 10 objective selection criteria. For additional information on the Five Star award, including a complete list of the 10 objective selection criteria and their research/selection methodology, go to https://fivestarprofessional.com.

Investment advisory services are offered through Fiduciary Solutions, LLC, a Registered Investment Advisor (CRD #148118). Insurance products and services are offered through PFFG Insurance Agency LLC, a licensed insurance agency (CA License #0N14013). Peak Financial Freedom Group, LLC is a financial planning and umbrella marketing organization, which enables the provision of multiple financial services under one brand. Peak Financial Freedom Group LLC, PFFG Insurance Agency LLC, and Fiduciary Solutions LLC are affiliated entities with common ownership and control. Jim Files is licensed as an investment adviser representative with Fiduciary Solutions LLC (CRD # 1620449) and is a licensed insurance producer with PFFG insurance Agency LLC (CA Insurance License #0F06511). Dan Ahmad is licensed as an investment adviser representative with Fiduciary Solutions LLC (CRD # 1491561) and is a licensed insurance producer with PFFG insurance Agency LLC (CA Insurance License #0732913).

© 2020 Peak Financial Freedom Group