This post is in support of the Ad Council and AARP. Though I was not compensated for it, I believe the information is important for the readers of my blog.
Retirement. If you’re prepared, it can be a beacon of light in the future, a time for relaxing, enjoying life and doing what you want to do, maybe for the first time ever. As my husband and I get closer to retirement age (not that close YET!), we talk about what we’d like to do with ourselves when he is no longer working the long, hard days he has always worked. Some of it is speculative, since we can’t know for sure how substantial our nest egg will be until we get there. There are many factors that can affect it, among them the stock market, future earnings and the value of our home. Still, we like to dream about possibilities and look forward to the day when earning and income is no longer necessary for us to live a life we enjoy.
According to a new survey by AARP and the Ad Council*, taking steps to increase your confidence about saving for retirement could have a positive impact in many areas of your life, including your personal relationships. People in their 40s and 50s say that feeling more confident about saving for retirement would help them feel:
- Less stressed (54%)
- Happier knowing they are taking care of their family’s future (46%)
- Better emotionally and physically (36%)
- Happier in their personal relationships (26%)
- Able to sleep better at night (26%)
The US is facing a retirement savings shortfall, and research shows that approximately two in five households headed by people age 55-64 – over 9 million households – have no retirement assets saved at all.** To encourage more people to take control of their financial futures, AARP and the Ad Council have teamed up to launch a new “Saving for Retirement” campaign.
AARP invites you to visit their new online resource AceYourRetirement.org, a mobile-first digital experience where users will receive personalized, simple, and actionable tips on how to jumpstart their retirement savings. This is the first digital experience to use an “interactive retirement coach” to give people the information they need to better prepare for their long-term financial security.
Whether you’ve been unable to save anything for retirement or you are confident you have enough to last the rest of your life, it’s worth checking out Ace Your Retirement and spend a little time going over your retirement goals, plans and realities. You may see yourself living on a beach in the Caribbean, but perhaps that won’t be the best way for you to spend your time. When my husband and I discuss where we might live someday, we always take into account the proximity to a major airport (for visiting family and going on vacation), the quality of medical care that is nearby, and the availability of good restaurants, theater and other performing arts. Though we may not take advantage of any of these things often, the community that is attracted to them is the community that we feel would be best suited for us. Others prefer a more rural environment, or a more resort-like area. Knowing what your priorities are can make it a lot easier to narrow down the places you might live to enjoy your retirement and be happy for the long-term.
*Source: AARP/Ad Council survey, 2017. Conducted among employed people age 40-59 with HHI of $40-$99K.
**Source: NIRS analysis of 2013 Survey of Consumer Finance