Envision your retirement
View From the Top
Christine: I really didn't plan for retirement when I was married to my first husband because he never thought beyond the moment.
David: My first wife was much like her husband, who just spent every penny. When we were first involved with TIAA, we were not married to each other and really had no firm expectations of what wonderful experiences we'd have together in this new relationship. It seems like now I have a life, now I have a future. Now things are looking forward.
Christine: We're both careful. We're both cautious. But we save for the things we want to do. We just came back from a wonderful trip to Italy.
David: When we retired, we were very fortunate to have the TIAA annuity. That was a vital part in our retirement.
Christine: Because you wouldn't have to worry about having a steady income. I guess what it boils down to is that money doesn't make you happy; relationships do. But you have to have enough not to worry.
Stay in touch.
Strengthen existing friendships.
Engage on social media.
Tighten family ties.
Develop new relationships.
Share your passions.
It doesn't have to be all or nothing.
Americans between 50 and 70 that identify as having “encore” careers or second careers with social impact.
Wherever you go, there you are.
A change of scenery
Ready to move? Look for somewhere that offers family and hobby opportunities, along with the climate, cost of living, healthcare, and transportation options you need. And once you have a potential place in mind, try vacationing there as a test run.
Looking to downsize? A smaller space can be more affordable and less trouble. But consider the costs of selling and buying before jumping into something. Also factor in new costs, like association fees, along with the social impacts of moving to a new location.
No place like home
If you prefer the familiarity of home — as well as the network of friends and connections you’ve built — staying put can make a lot of sense. Just consider it carefully if it requires you to tap into your home’s equity with a reverse mortgage or line of credit.