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Home Business Personal Finance

8 Major Retirement Goals of Older Americans

by GC Journalist
February 20, 2023
in Personal Finance
Reading Time: 17 mins read
8 Major Retirement Goals of Older Americans
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How would you like to spend your golden year? Chances are you’ve spent at least a few hours of idle time imagining what retirement would be like.

A recent report from Voya Financial and the non-profit Easterseals said: Main retirement goals of what the report calls “employment extenders.” These are people who are working past the traditional retirement age, or who have retired but are now returning to the workforce.

Over 1,000 of these people participated in the survey. My biggest goals after retirement are:

8. Volunteer Activities

Woman in thrift shop or charity store
SpeedKingz/Shutterstock.com

Survey respondents cited this as their primary retirement goal: 14%

As we recently reported, research shows that people who volunteer 100 or more hours a year feel less lonely in retirement. Volunteering is also associated with many other mental health benefits.

For more information, check out Is This the Best Way for Retirees to Overcome Loneliness?

7. Overseas travel

european retired couple
Cromarie/Shutterstock.com

Survey respondents cited this as their primary retirement goal: twenty five%

The world has changed, but one of my main retirement goals: more travel remains.

Ready for an adventure? Check out 20 Great Ideas for Retirement Travel.

6. Spend more time pursuing hobbies and interests

grandpa and grandson fishing
Pressmaster/Shutterstock.com

Survey respondents cited this as their primary retirement goal: 41%

While I am working, there are many things I would like to try if I have time.

One of the best things about retirement is the newfound freedom to explore things on your own schedule. For starters, check out 17 Things To Do When You Retire.

5. Focus more on health and fitness

senior woman exercise
Monkey Business Image / Shutterstock.com

Survey respondents cited this as their primary retirement goal: 45%

It’s no secret that Americans aren’t as healthy as they should be.

Everything changes when you retire. If you want to get more active, check out his 5 Free and Inexpensive Ways to Exercise at Home.

4. Travel within the United States

Senior couple traveling by RV
sirtravelalot / Shutterstock.com

Survey respondents cited this as their primary retirement goal: 48%

After retirement I have plenty of time to travel around this great country.

For tips on saving money while exploring, see Where to Find Travel Discounts for Seniors.

3. Spend more time with family and friends

Three generations
Fizkes / Shutterstock.com

Survey respondents cited this as their primary retirement goal: 58%

Few things in life are more important than time with family and friends. If you didn’t fully understand the truth when you were younger, you certainly do now.

Retirement is the ideal moment to make up for lost time by reconnecting with loved ones and making new memories.

2. Relaxation and peace of mind

Black man relaxing in a hammock by the pool
Blended image/Shutterstock.com

Survey respondents cited this as their primary retirement goal: 73%

Retirement after a busy life such as schoolwork, work, and childcare is a time to think about the wonders of life. Nearly three-quarters of her survey respondents said they simply want to relax when they retire.

1. Have enough money to live comfortably

senior couple with money
pikselstock / Shutterstock.com

Survey respondents cited this as their primary retirement goal: 90%

The goal of not having to worry about money in retirement is virtually universal. We all want to feel confident that our cash will be there whenever we need it.

If you’re looking for ways to build solid nest eggs that last, check out 5 Easy Ways to Invest Your Retirement Savings.

Author

  • GC Journalist
    GC Journalist

    As the in-house writer for GallantCEO.com I prefer to remain anonymous as I do not seek anything from my writing only the self gratification of writing for a good cause such as this.

    View all posts

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