March 7, 2023 — It’s the uncommon one that strikes out on the unbeaten path, and that features their path to retirement. Normally we favor to comply with a observe made by another person, studying from their expertise and thereby avoiding surprising errors and mishaps. It’s useful to know what others are considering and doing, although. That’s the place the 30+ retirement surveys performed since 2012 by Topretirements may help. Right here you may see the place you agree, and differ with the retirement plans of 1000’s of people in an identical state of affairs.
30+ Surveys – From The place to Retire… to Social Safety… Snowbirding….to Spousal Compatibility – and a Lot in Between
1000’s of our loyal Members have taken the time to fill out these surveys and polls, and their insights (and their 1000’s of fascinating feedback) have been great. Mixed collectively, they’re a treasure trove of data on what persons are considering and doing about retirement. Most of the outcomes have been anticipated, like a determined desire for single ground residing. However fairly just a few surprises have been uncovered too (90% say they’ve or will promote their pre-retirement house). There are such a lot of surveys and so many matters lined, that we are going to attempt to solely cowl the highlights right here. That approach you may consider the matters that curiosity you essentially the most, utilizing the record of all surveys offered on the finish of the article for extra. A number of matters have been surveyed greater than as soon as, so we might see how issues have modified over time.
Prime Survey matters covered, and chosen findings
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Retirement Living Preferences. 55+ communities are the popular kind of neighborhood for our Members. Single ground residing is one thing a majority is on the lookout for in a house. Facilities are sometimes what drive individuals’s selections, and essentially the most desired ones are strolling trails, health facilities, and clubhouses. In relation to issues they don’t like a lot, HOA guidelines and regs are on the prime of that record.
Poll: Top Reason for Choosing a Place to Retire. This was a fast, one query ballot on the highest motive for choosing a retirement location. Most vital was “heat winters or local weather”, adopted by “inexpensive”, “life-style”, and “close to pals or household”. From the numerous feedback it’s clear that there are often many causes behind selecting a location. For instance, being close to medical or like minded individuals is commonly a part of the equation. There was additionally a extra detailed survey again in 2014 that generated over 2,000 responses – Florida and Southeast Top Retirement Preferences.
Snowbird Behavior. Members answered a variety of questions on varied matters associated to being a snowbird. About 80% who answered the query mentioned they’re or intend to snowbird. Most drive to get to their retirement locations. Different questions have been on how they discovered a location, size of keep (1-3 months), do they lease or personal, and so forth. One other survey, Ideal Snowbird Pairings, was simply as fascinating, with numerous nice solutions for the perfect locations to be in summer season and winter.
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How Ready Is Your Home for Retirement. This one may be very fascinating, with excellent news and dangerous information abounding. Some 80% have a primary ground bed room/bathtub, which is nice. However relating to no step residing, bathe thresholds, door handles, seize bars, and counter heights – there may be lots of room for enchancment.
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Financial Confidence. The outcomes to this survey have been very fascinating; over 500 individuals crammed it out and over 100 feedback have been added. It was executed in 2019, so lots has occurred since then. We hope that right here in 2023 as many individuals really feel as assured about their funds – again then 64% felt very assured they might be capable to preserve their pre-retirement life-style. Different fascinating questions have been: do they use a monetary advisor (48% do), dimension of their portfolio (46% have over $1 million, 11% have lower than $250,000), kind of investments, sources of revenue, and so forth.
Retirement Happiness. About 70% of individuals mentioned they retired on the proper time, which is close to the identical proportion who mentioned they retired by their very own selection. Some 83% mentioned they have been glad to extraordinarily proud of their retirement. The commonest age to retire was 60-69, adopted by 50-59. The two components that folks mentioned have been most vital in producing their retirement happiness have been having sufficient cash and residing in the proper of house. There’s a companion survey to this one, Spousal Compatibility in Retirement. In response to how suitable are you and your partner, 66% mentioned they have been very or pretty suitable on main retirement choices. Like all of our surveys, there have been lots of fascinating feedback which are price studying.
Your Bucket Lists Are Amazing. This one produced a mind-blowing array of concepts. Whereas journey aspirations topped the record, there was no scarcity of different artistic and fascinating issues that our Members plan on doing of their retirement. Plenty of good concepts: from flying in a helicopter over the Grand Canyon to attending the Kentucky Derby. If you’re casting about for one thing to dream about, right here is your record!
What Is Your Social Security IQ – the 3 Questions Most People Get Incorrectly This quiz is the preferred one we ever developed – 1000’s of individuals have taken one of many variations we’ve provided over time. Take The Social Security IQ test, and afterwards you will note a query by query abstract of the solutions. This text highlights the three vital questions that most individuals appear to get unsuitable.
Topretirements Members Are Getting Ready for Big Moves. Some 90% of our latest survey takers mentioned they positively will promote their house, are fascinated by it, or have already bought. About half of the Members taking the survey predict that they won’t spend as a lot cash on their new house as they get from the previous one.
Medicare- What You Like and Don’t Like. We have been delighted to have acquired 430 feedback on what our readers like finest about Medicare. Most of these feedback needed to do with liking its low value or being grateful to have such a very good and simple to make use of program. Typical responses:
– Low value – “inexpensive insurance coverage I couldn’t in any other case have”
– “Contemplating every little thing it gives, how might I complain”
– Peace of thoughts – “I do know I’m lined”
Climate and Weather Drive Retirement Choices. – About half (49%) of responding members count on to maneuver to a brand new state for his or her retirement. The most well-liked retirement state is Florida, adopted by North and South Carolina, then Arizona. Heat climate is by far the preferred motive for retirement.
Many due to all earlier survey takers!
With out you taking the time to fill out these surveys none of this fascinating knowledge could be attainable. Now you need to use the outcomes to match how related or dissimilar you might be to the remainder of Topretirements Members. Higher than that, you may take their concepts and use them to craft your personal retirement path.
Feedback? What ought to we survey subsequent? Please tell us, together with different ideas within the Feedback part beneath.
Hyperlinks to extra earlier surveys: