4 Stages of Retirement Leisure

What stage of Retirement Leisure are you at? A recent retirement study conducted by Merrill Lynch and Age Wave (a research firm specializing in aging), has outlined the

4 Stages of Retirement Leisure

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According to Age Wave CEO and Leisure in Retirement: Beyond the Bucket List author Ken Dychtwald, these 4 stages in retirement leisure are:

Stage 1: Winding Down and Gearing Up (less than five years from retirement) - Leisure travel in pre-retirement is about getting away from it all and recharging your batteries.

Stage 2: Liberation & Self Discovery (less than two years into retirement) - 47% of recent retirees felt guilty about not using leisure productively. At this stage, a lot of retirees are looking for adventures such as biking or hiking, new learning, personal growth, and trips that combine these elements, along with home sharing.

Stage 3: Greater Freedom & New Choices (three to 15 years into retirement) - Enjoyment of leisure time grows, and spending on leisure travel rises, along with interest in "experiences" as retirees move into their senior citizen years.

Stage 4: Contentment & Accommodation (more than 15 years into retirement) - Leisure time is now more about relaxing or connecting with family and friends. Health, caregiving and financial issues later in life for "senior seniors" may have a greater impact and reduce the "fun" time.

Having some awareness of and planning for each stage of your retirement leisure should be an important element of any retirement planning exercise.

Anita Hamilton

50+ World editor & baby boomer writer Anita Hamilton has always been interested in the "real people" stories behind the characters that create and inhabit the world of music, books, movies, television shows, current events, history, etc. A lifelong love of research (ok, nosiness) and writing, combined with a loving and supportive family complete with 3 mini-dachshund minions, keeps her busy.

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