Ready to Retire? 15 Success Factors

Ready to Retire? 15 Success Factors

There’s more to preparing for retirement than financial planning. Important research has determined 15 factors that are key to retirement success.

What is retirement success?  It’s a feeling really.  A feeling of vitality, of purpose, of contentment.  How we reach this sense of happiness in our next3rd differs from person to person. It may take a bit of self-study to understand just what we need to lead a fulfilling 3rd act in life.  There’s help for that!

Dr. Richard Johnson, a leading expert on adult development and gerontology, and founder of Retirement Options has been studying retirement for several decades. His research has revealed that a retirement consisting of only rest and relaxation does not necessarily create a happy retirement.  What does?  Here are his 15 success factors in layman’s terms:

Fabulous 15

  1. Manage the identity shift from ‘what you do’ to ‘who you are’
  2. Positive attitude toward retirement
  3. Ability to set your own course
  4. How healthy you feel
  5. How financially secure you feel
  6. Current happiness
  7. Expected happiness in retirement
  8. Sense of purpose
  9. Leisure interests
  10. Adaptability
  11. How much you live in the ‘now’
  12. How much your parents and adult children depend on you
  13. Quality of your relationships
  14. How young you feel
  15. Ability to replace the benefits of work/career


Whew!  That may seem like the mother load; don’t fret!  You’ve probably got a good handle on some of these and other factors may be less important to you.  Yes, the fabulous 15 may require you to pause and reflect.  That’s good.  The better you understand where you stand on these factors, the easier your decisions and the clearer your path to a happy next3rd.

I will explore each of these success factors in upcoming blog posts.  Stay tuned!

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