Your Money
A new study shows that the timing and funding of retirement have shifted as a result of the pandemic and that retirees are paying more attention to the non-financial aspects of retirement. It appears the pandemic helped retirees focus on what’s most important in life when it comes to retirement planning, and it's not all about the money.
The study defined the four pillars of living well in retirement as:
- health
- family
- purpose
- finances
According to Ken Dychtwald, founder and CEO of Age Wave, “Research has shown that having a sense of purpose can actually reduce the risk of cognitive decline, cardiovascular disease and depression, so finding meaning in one’s life is essential to a long, healthy and potentially fulfilling retirement.”
Rethinking retirement in the wake of the pandemic
by Mary Beth Franklin
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