Weekend Reading: Defining Retirement Success and Failure
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This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
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Retirement calculators are helpful tools, but they often offer a simplified view of success: not running out of money. But is merely avoiding financial ruin enough?
READ THE ARTICLEKey Points:
- Challenge the traditional metrics of a "successful" retirement, focusing on personal fulfillment and legacy goals
- Acknowledge that spending patterns and needs can change throughout retirement, requiring adaptable strategies
- Do you prioritize lifetime spending, leaving a legacy, or a balance of both? Your answer should shape your retirement plan
Why It Matters: Retirement is a journey, not just a destination. By defining your own version of success, you can build a plan that ensures both financial security and a life filled with joy, purpose, and meaningful experiences.