Keen On Retirement

As she was preparing to retire, Teresa Amabile wanted to understand how seniors make the transition from working life to retirement life. So, being a professor at the Harvard School of Business, Teresa decided to make learning how to retire from her job a part of her job.

If you follow me on social media or listen to my podcast regularly, you’re probably aware that I’ve gone through a personal transformation. Thanks to some expert personal training and a ton of hard work, I’ve lost 60 pounds and am in some of the best shape of my life

Two of the most popular and rewarding activities that keep seniors busy in retirement are travelling and volunteering. Unfortunately, the pandemic made both of those difficult and, in many cases, impossible.

So why do many pro-retirement retirees look up from those bucket lists in a year or two and find that they haven’t crossed off anything? Why do some retirees who are excited to play sports, develop hobbies, travel, and spend time with their loved ones end up spending most of their time on the couch?

Wall Street seems to share Greg’s cautious optimism, as does my team at Keen Wealth. But when the markets approach record highs or record lows, many investors let their financial biases get the better of them. Here’s what three common biases might be telling you about the markets right now, and why you’re better off following the course you and your advisor have set out.

According to a new study from Oregon State University, “If you believe you are capable of becoming the healthy, engaged person you want to be in old age, you are much more likely to experience that outcome.” But that’s not typically how folks think about old age or even retirement. Instead of focusing on all the opportunities that lie ahead in the second half of our lives, we worry about experiences that may have passed us by forever or negative end-of-life transitions that we’re anticipating.