You. Isn’t that what retirement is supposed to be all about?
Enter reality. Kids, kids with kids, parents, grandparents, siblings, kids that won’t leave the house, job(s), stock market worries, 401k losses, preparing the house, cleaning the house, selling the house, leaving work, saying goodbye to friends….does all this ever stop? Will it REALLY be all about you when you retire?
Our presumption is that retirement will be about “us”, and when that time comes where all or most of the above issues are in our rearview mirror, watch out world because you’ve got ideas, plans and dreams about your golden years and you will not stop till you reach them.
Up until 2008, many of us got kind of spoiled with double digit growth every year with our real estate and financial investments and naturally, our appetite for larger homes/things with more bells, whistles and gadgets increased. Fast forward to today and the trend clearly is that when and if our homes sell, that we stow away a portion of those proceeds and shore up our retirement accounts because we probably netted about 15-25% less on the sale of our homes than we had hoped. Additionally, the size of the homes we are now purchasing or building are often 10 – 35% smaller to adjust for the losses we incurred on the sale of our homes.
With our belts tightened, Americans are still looking forward to retirement even if there is a lot to learn. For example, Tai Chi and Zumba are neither herbal teas nor native garb worn in foreign countries. They are new forms of exercising and they have almost replaced traditional aerobics & Jazzercise classes. Zumba for example is an exhilarating, effective, easy-to-follow, Latin-inspired, calorie-burning dance and fitness workout that’s moving millions of people toward joy and health. Who knew??
In our Retirement Trends section, we will do our best to keep you current with the trends that you need to know about and that could affect your quality of life in your retirement years.