Reply to If you are 60+ and financially set after a career of work, what is life like?

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Reply to "If you are 60+ and financially set after a career of work, what is life like?"

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[quote=Anonymous][quote=Anonymous]Typically, there are a couple of scenarios:

1) stereotypical/sedative - this is the individual or couple who live pretty basic lives. A lot of time is spent sitting around the house on the couch or in a recliner watching TV or streaming shows or reading the newspaper/tabloids/Insta /books. A lot of life is just routine living: preparing and eating meals, walking the dog, getting groceries, maintaining the house, washing clothes, etc. Occasionally, there’s a dinner out or intention to attend something local, like a church service or a concert on the village lawn. Once or twice a year you see the grandkids. There’s a lot of focus on frugal living, safe investments and worrying about running out of money.

2) active - this is the individual or couple who still does the mundane, but also has a lot of individual or social activities. Activities frequently focus on individual fitness, wellness and moving, like walking or yoga. Then, there are the social fitness activities, like golf, tennis, pickleball, etc. Then, there are the clubs, like a book club, an investing club, a needleworks club, etc. Then, there’s volunteering, like at the church, the school, the pet shelter, etc. Dining out is a bit more frequent and a bit more social, perhaps with another couple. Trips still include visits to/from the grandkids, but also include some cruises or other organized travel. Money is still a consideration, but a financial advisor might be used.

3) mission - this is the individual or couple who do some if the mundane and social stuff, but a significant priority is a personal goal or mission. Maybe it’s writing a book, getting a degree, teaching a class or mentoring youth, etc. Whatever it is, there’s still motivation to contribute to society as opposed to spending all one’s time in leisure. Money is still an issue, but one’s mission might draw a small salary, making it easier to budget. Also, there probably a financial advisor involved, mostly because you’re uninterested in money and care more about your mission.

These visions or retirement might be related to one’s education level, wealth, and earlier professional achievements. [/quote]
Retired about two years now and this is very accurate to what I see around me and people I know and have met. [/quote]

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