Retiring well: 68% of Americans say it's living a little by affording experiences that bring joy powered by Bigdoggpinc Informer's Blog

I'm your Eyeball Acquisition Specialist! Achieving success in life, no matter the field, hinges on how many people you can connect with and make a positive impression on. Online shopping in the US has surged in popularity recently, with more and more individuals opting to buy products and services online. At Bigdoggpinc, we're dedicated to building trust and earning your confidence, one person at a time if that's what it takes.

Retiring well: 68% of Americans say it's living a little by affording experiences that bring joy

(BPT) - What makes for retiring well? For most Americans, it's living a little by affording experiences that bring joy (68%) and enjoying a high quality of life (49%), balanced by the security of reaching savings milestones (68%), according to new Empower research.

Big and little joys

Most agree satisfaction in retirement includes the ability to pay bills on time and in full (68%) and living debt-free (63%) — including owning a home outright (55%). Some 42% of people say it comes down to experiences, like the ability to travel the world, and to give back by volunteering (25%).

Everything in its time

Having a clear timeline brings peace of mind for many — 66% say they have a goal retirement age in mind, including 73% of men and 61% of women.

Over two-thirds of Americans (67%) have savings milestones to reach before retirement — goals that they're striving for — including setting aside funds for emergencies (57%), travel (33%) and leisure activities like starting a new hobby (32%). About the same number (68%) say their happiness in retirement depends most on reaching their retirement savings goal. Many Gen Xers emphasize leaving behind an inheritance for their children (42%).

Travel and leisure

When choosing a place to retire, most people (86%) prefer to live where they can maintain their lifestyle without stressing about money, and low cost of living (38%) factors high on the list. For many that means relocating, with 42% saying they plan to move to a different city or state to retire.

Some 37% prioritize proximity to family and friends, although 43% say they prefer to retire where it's more affordable, even if it means being far from their loved ones. For others, home is where happiness already exists — 23% describe their current location as their happy place.

Many see retirement as an opportunity for a fresh start; 16% of people imagine retiring in a different country altogether, seeking adventure and change in their golden years. Nearly 2 in 5 Gen Zers have set a goal for a travel fund (44%) in retirement.

Methodology

Empower surveyed 1,013 Americans on December 5, 2024.

RO4157537-0125

Advertisement below presented by Bigdoggpinc Informer's Blog