Bureau County Republican / shawlocal.com/bureau-county-republican • Saturday, August 30, 2025
BUREAU COUNTY REPUBLICAN
6
FINANCIAL PLANNING
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.
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 retireBIG AND LITTLE JOYS Most agree satisfaction in retirement ment savings goal. Many Gen Xers emincludes the ability to pay bills on time phasize leaving behind an inheritance and in full (68%) and living debt-free for their children (42%). (63%) - including owning a home outright (55%). Some 42% of people say TRAVEL AND LEISURE When choosing a place to retire, it comes down to experiences, like the ability to travel the world, and to give most people (86%) prefer to live where they can maintain their lifestyle without back by volunteering (25%). stressing about money, and low cost of living (38%) factors high on the list. For EVERYTHING IN ITS TIME Having a clear timeline brings peace many that means relocating, with 42% of mind for many - 66% say they have a saying they plan to move to a different goal retirement age in mind, including city or state to retire. 73% of men and 61% of women. 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.
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. MethodologyEmpower surveyed 1,013 Americans on December 5, 2024.
Many see retirement as an opportunity for a fresh start; 16% of people RO4157537-0125
RETIREMENT FOR LIFE PODCAST
with Christian Cyr, CPA
Whether you’re already retired or planning for the future, the “Retirement for Life” show will deliver practical concepts and wisdom that will help turn your retirement goals into reality. SM-LA2258721
Listen on your favorite podcast platform!