Keen On Retirement

"Wealthy" is another category that's a lot more relative than people may realize. Sure, we talk about "the 1%" a lot in our society. Others might point to the IRS' tax brackets to gauge wealth. But Charles Schwab's Modern Wealth Survey 2022 shows that people want more from their money than just wealth -- they want to be able to live a life that aligns with what's most important to them.

At least once per year, I like to pull together the latest data for a blog post or podcast that answers one of the most common questions we get asked at Keen Wealth: "How does my retirement savings compare to other folks my age?"

Here's a brief agenda that will help you cover the basics and prepare you and your loved ones for one of life's most challenging transitions.

Retirement can be a daunting life transition in and of itself. But while many new retirees are trying to figure out who they are without work, another important life role could be changing as well: mom or dad.

Love may be forever, but even the strongest marriages go through their ups and downs. A recent study by the University of Bern analyzed data from more than 165,000 people, aged 20 to 76, to determine if there was a common trajectory to the satisfaction folks in long-term relationships experience.

Bob Buford's HALFTIME: Moving from Success to Significance offers a possible solution that's stuck with me ever since I first read the book about a decade ago. Buford was a successful cable TV exec who revaluated his priorities and made a very intentional plan for the second half of his life. I believe all seniors can adapt his three-part process to their retirement transitions and redefine who they are in a meaningful way.