TITLE

Four Faces of Retirement

PUB. DATE
September 2002
SOURCE
Journal of Financial Planning;Sep2002, Vol. 15 Issue 9, p29
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents the results of a survey regarding retirees' attitudes, conducted by Harris Interactive and sponsored by AIG SunAmerica as of September 2002. The survey reaffirmed what many planners already know: retirees and pre-retirees increasingly no longer regard retirement as an extended vacation or time of rest and relaxation, but rather as a new, active stage of life. Aging expert, Ken Dychtwald's research categorized retirees into four types, each with different ideals and goals for retirement. The Ageless Explorers, who make up 27 percent of retirees, exemplify the new retirement model with their desire to be active, productive and independent in retirement, and to reinvent themselves. The 19 percent Comfortably Contents put less emphasis on personal growth and work and more on relaxation and enjoyment through travel and recreation. They have planned well for retirement. The 22 percent Live for Todays aspire to many of the same ideals as the Ageless Explorers, but are financially unprepared, making them anxious in retirement. The Sick and Tireds make up the largest percentage, 32 percent. They're characterized by being inactive, unfulfilled and resigned to a less-than-satisfying future. A significant portion of this segment are widowed and in poor health, with significantly fewer financial resources.
ACCESSION #
7390016

 

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