It’s estimated that 10,000 baby boomers reach retirement age every day. While age may be a commonality among this group, how they choose to spend their free time may be quite different. One thing all retirees have in common is appreciation for time and quality of life. Studies show that many retirees favor activities that improve these things. Which retiree profile resonates with you:
The Thinker: The Thinker has a desire for lifelong learning. They are more likely to retire in a college town, take classes, read for pleasure and engage in contemplative activities.
The Giver: The Giver is motivated by giving back to their community or a worthy cause. They contribute time, talent, and their money to support causes close to their hearts.
The Entrepreneur: The Entrepreneur typically seeks to start a business that’s different from a past career. They want to explore new things and pursue lifelong passions.
The Explorer: The Explorer will dedicate up to a quarter of their financial resources on travel. They invest in experiences and are willing to indulge while they have their health and energy.
The Part-timer: The Part-Timer seeks a career change with reduced hours. They may not wish to commit to a full-time position, yet get satisfaction and a sense of identity from working.
The Foodie: The Foodie prefers quality dining, spending more time enjoying the experience of the meal and their company.
The Homebody: The Homebody enjoys spending time with loved ones, gardening, watching TV, reading, cooking and making home improvements.
The Athlete: The Athletes are competing in triathlons, climbing mountains or playing tennis into their 60s, 70s, 80s and beyond.
No matter which retiree you are or will be, TFCU Financial Advisors are here to help you with your financial planning. Call our team today to schedule a no cost, no obligation appointment with one of our licensed financial advisors.
TFCU Financial Advisors
6501 Tinker Diagonal, MWC
Securities are offered through RAYMOND JAMES FINANCIAL SERVICES, INC., Member FINRA/SIPC, an independent broker dealer, and are not insured by NCUA, not federally insured, or not insured by any other government agency, are not deposits or obligations of the credit union, are not guaranteed by the credit union, or any affiliated entity, and are subject to risk, including the possible loss of principal. Tinker Federal Credit Union and TFCU Financial Advisors are independent of Raymond James. Sources: Journal of Financial Planning: “How retirees spend their time”; Bureau of Labor Statistics; Robert S. Wilson, Ph.D., Rush Alzheimer’s Disease Center; Work in Retirement: Myths and Motivation; J.P. Morgan “Cost of Waiting” study; President’s Council on Fitness, Sports & Nutrition.