“A lifestyle is what you pay for; a life is what pays you.” ~ Thomas Leonard
In early 2014, Better Homes and Gardens Real Estate (BH&GRE) conducted a National Survey of baby boomers to learn their retirement strategies, aspirations, and motivations. 49% of the respondents who felt more confident about achieving an ideal retirement lifestyle, cited their top factor for feeling confident as having a retirement lifestyle plan.
This two-minutes video highlights the survey findings.
As a boomer, the 49% figure does not surprise me. In my work with this generational cohort I have learned that many boomers have not substantively planned for their “retirement.” Thus, the post title. Are you part of the 49%, or one of the 51% who don’t yet have a retirement lifestyle plan? As an extension to this finding I find myself thinking, Why not a lifestyle plan for anyone, at any life stage?
Jennifer Marchetti is the Senior Vice President of Marketing and Communications for BH&GRE. She was my guest on this week’s Awakening to Awareness Radio Show. On the program, Jen discussed a wide range of matters significant to boomers including: a new definition for retirement; why boomers are pursuing their passions; two views on empty nesters; how boomers are repurposing their living space and; the amazing optimism of this generation who have served as economic drivers for much of their lives.
Also not surprising, as members of the “sandwich generation,” boomers are strong enablers for following generations. They intend to stay active whether continuing to work, volunteering, returning to school (to learn or teach!), as travelers and/or as emerging Encore Entrepreneurs.
The show podcast is linked here, for those interested in listening.