Weekend Reading: Defining Retirement Success and Failure

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.
Weekend reading defining retirement success and failure Weekend reading defining retirement success and failure
Weekend Reading

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?

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Key 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.