What discipline has to do with happiness in retirement

Substantial changes in the retirement age and lifestyle are on the horizon for us , according to Northwestern Mutual 2014 planning Study and progress. People expect to work longer, but a significant number will be by choice rather than necessity. Other and there are many of them-aren't so lucky and do not feel they have the luxury of choice

For retirees :.

• The average age of retirement was 59
• The vast majority (72%) say they are completely removed from work

for those still working:

• the average age they expect to work up is 68 (almost a decade longer than retirees study)
• almost half (45%) say they will continue working in retirement, not because they have to but because they want
• a considerable number of other people who are still working are either uncertain when they retire, or know they do not have much choice
• one in five (21%) do not know how many years he or she will spend in retirement
• More than one in 10 (13%) think they will never be able to retire
• Nearly four in 10 (38% ) aged 60 and over believe they will have to work until 75 years or more before you can withdraw

the research also found a gap between expectations and experience. Only 37% of adult workers expect they will be happier in retirement than they are now. But 84% of current retirees say they are happy in retirement, and 60% say they are happier now than they were when they were working.

Seventy percent of retirees describe their lives as "fulfillment", and a focus most on health and fitness and staying active with charities. But half of retirees saw health spending increase significantly in retirement, and among them 45% do not anticipate these expenses.

This highlights the need for planning. In findings published earlier by Northwestern Mutual, the study found a link between the discipline of an individual brings to financial planning and happiness in retirement. Retirees who consider themselves planners "very disciplined" are much more likely than non-planners say they are happy to retire (91% against 63%).

The study found a link between the discipline of an individual brings to financial planning and happiness in retirement.

Americans must take the first step to getting a handle on retirement talking to someone about their concerns. The study found that 42% of adults have never had a conversation with someone in retirement.

Research shows that retirees focus less on numbers and more on the quality of life, but quality of life needs capital to minimize financial concerns. It is possible that retirement may not be exactly what you imagined, but if you have a plan and you follow this plan, there is a good chance that your retirement will be a happy and rewarding time of your life.