By | March 1, 2019


Welcome! If you’re here for the first time, or a seasoned reader, we love to give you good and helpful content.  Before we get started in what is happening with retirement these days, I’m curious and would like to ask:

Where do you see yourself?Seeing Yourself as Regards Retirement

  • I’m retired already.
  • I am planning to retire soon (next 2 years)
  • I sure hope I can retire someday!

(Please feel free to leave a comment below.)

Well, I’ve got news for you. Each of you!

Retirement is changing! The rules and expectations of the past are being replaced by the “New” Retirement. Usually when something new comes along to replace the old, it’s an “improved” version. For example, we’ve got an Apple 6 iPhone (although I understand Androids are also awesome), but we had the iPhone 4 and the iPhone 5. Haven’t broken down to get the 7, 8 or X yet. Let’s see if what is emerging as the NEW RETIREMENT is actually better.


Let’s take a look at a couple scenarios. I’d say the “Old Way” would include those folks a generation or two ago, and the “New Way” would include the current generation from those retiring at the turn of the century, or at least after 2008.

Old WayOld vs New Retirement

  • You work your whole career for one company and earn a pension that will take care of you until you die. Social Security is also going to pay benefits.
  • Relax and enjoy life
  • Stay in family home until death
  • Your children will care for you when your health fails

New Way

  • You work for many different employers, have many small retirement accounts to merge, and some are still needing to supplement your retirement savings.
  • Many will continue to work because that is all you know and have a hard time slowing down
  • You will sell your family home and use the equity to downsize and move into a condo or other retirement arrangement.
  • You’ve carried a long-term care policy to help defer costs when your health fails and you are forced into a nursing home

I have totally over-simplified here because retirement is so much more than a cessation of working, real estate and medical issues. It is a new chapter. When you have an opportunity for a clean slate, you should seize it. Retirement is the blessing of starting fresh. This is true for BOTH folks who retired the “Old Way” and the “New Way”.

Many people today use their retirement years to learn a new hobby, travel more and see the world, move to a new location and make new friends. We even started a new business.  We didn’t plan on working, but when an open day with no plans presented itself, we weren’t ready to be on holiday EVERY day.

What is your plan for adventure in retirement?

What is something new and fresh that you would like to try?


There are many possible factors involved in the old and new retirement models. These could include 1) demographic trends, 2) economic uncertainty; 3) unreasonable expectations; 4) Experience.  Suffice it to say that because the world is changing and becoming more and more technological, it would make sense that retirement patterns would also change. Along with the shift come new products and strategies for optimizing retirement.


I read an article by CBS News that would suggest the following trends are likely for retirees today.

  • Estate and Financial Planning. While estate planning has been going on for many years, there is a new emphasis on starting this younger and younger. Most young people today are not taking advantage of careful planning and how it will benefit them in the future.  But there are many who do see the value in an expert’s opinion. It is not too late to get with your financial advisor, estate planning attorney or tax expert to see how you are sitting with respect to your retirement funds.
  • Don’t Rely on Social Security. There is much debate here, but some believe that 2034 is the critical year that benefits will be depleted. Social Security Reform is a hot topic, and it is a common fear that we will outlive the Social Security benefits we are relying upon.
  • A Working Retirement. Still WorkingThis is what we are doing so far. For us, it is by choice and not necessity. For some there will be no other choice. It has been reported that the number of people age 65-plus working full- or part-time has risen from just under 11 percent in 1985 to nearly 19 percent in 2015. According to findings from Transamerica Center for Retirement Studies’ 2016 survey of workers, two-thirds of baby boomer workers plan to work past age 65, including some who don’t plan to retire at all. Many are envisioning a transition that may involve flexible work arrangements, shifting from full-time to part-time or working in a role that’s less demanding (39 percent). Some want to continue working until it’s no longer possible (25 percent). Only 26 percent plan to stop working when they reach a certain age or savings goal.
  • State Run Retirement Plans. These are emerging to help those workers who work for employers not offering a pension. Be watching for these. For those folks, it is recommended they now check out a myRA. This investment tool is meant to encourage and engage people who aren’t saving for retirement, and give them an easy, simple, safe way to start.
  • New Real Estate Transactions. Many homeowners are approaching retirement age. Much thought is given to where should we live. The family home, if paid for, may be the only asset a retiree has. There may still be debt. (NOTE: if you have debt on your home at the time you retire, you might want to reconsider retirement until that encumbrance is paid in full. If you have a lot of equity, you will want to stay abreast of products and services that may come about as a means to protect the aging and their assets. Don’t forget the reverse mortgage and how that can benefit you.
  • Increased Use of Artificial Intelligence. As technology advances, plans are underway for certain machines to perform certain duties and services, such as financial prediction and tracking, driving and parking our cars, etc. Rather than be intimidated by the technology we need to embrace it, research it, be at peace with it.

There are probably many more trends, but these are some we will see right away.

So whether or not you are retired now or will be in the next few years, these changes are here and others are coming. We need to have the awareness and embrace these changes as they occur.

What are your retirement challenges? We would love to hear from you. It’s possible your comments will trigger new articles and research summaries to come on this website. We want to be relevant for you and provide information you can use.

Don’t be afraid to retire. There are a lot of exciting opportunities ahead for you. Keep connected here so that we can help you walk through the hard times. We will continue to share insights to help you avoid common struggles. Happy Retirement!

If you’ve found this helpful, please Like, Share, and Comment below!  We love interaction!

~ Dana



  1. MIck

    Nice website David. Yours is a must read for someone planning on retiring in the near future. Personally, I’ve been retired 8 years now and enjoy it immensely. I liked reading your “Six Trends of the New Retirement” page. As for me, I did it the “old way”. You have pretty much covered everything in the old way vs. the new way in retirement. Plenty of useful information on this page as well as the rest of your website. Lots of visuals too. Yes, I agree with your statement ” Don’t be afraid to retire”. Good luck David with your website.

    1. David Hagstrom

      Thanks, Mick.  Glad to hear you’re enjoying your retirement!

  2. Jen

    My husband retired with the military at the age of 50 but continues to work for a couple reasons. 1. He feels he is too young to quit working. 2. We are in the most expensive time of our family life right now with kids entering college and mortgage to pay for, etc.So I guess we would fit the 3rd trend….a working retirement. If we’re lucky, we may be able to retire twice!

    1. David Hagstrom

      You will definitely want to get past kids in college and pay off that mortgage, then plan out the kind of retirement you both really desire.

  3. Andrew

    I really enjoyed reading through some of the content on your site. I especially liked the 6 new trends section. It is a shame that we can’t depend on social security but is the truth in the world we live. It is important for people to understand that they do not need to count on this for retirement.

    1. David Hagstrom

      Thanks for your reflections. Dana and I are committed to helping as many as we can to have a satisfying retirement.

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