The Four Stages of Retirement

Today we’re talking about the four stages of retirement. We want to break it down in an easy-to-understand way to help you prepare for this huge milestone in life.

Your Guide:

Americans are on track to live longer than initially thought possible, and soon financial planners could be managing six generations in a single family with some of the older generations doing as much exploring as their descendants.

That’s according to research by Ken Dychtwald, CEO and founder of Age Wave, who studies aging and financial habits in America.

Ken found that there are four sub-phases that require different approaches to client money management in retirement. They are:

  • Anticipation phase
  • Liberation/disorientation phase
  • Reinvention phase
  • Reflection/resolution phase

We dive deeper into these four phases on today’s show and how they can relate to your life. Listen to the entire show and use the timestamps below to find specific segments.

[2:58] – Anticipation

[4:27] – Liberation/disorientation

[6:21] – Reinvention

[10:47] – Reflection/resolution

[13:00] – Legacy

[15:43] – Personality groups

Thanks for checking out the Your Retirement Elevated Podcast. We’ll talk to you again on the next show.

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ABOUT YOUR HOST...

Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement.

Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.

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