One Simple Tip for Planning the Three Stages of Retirement
Dreading the idea of retirement? This planning technique for the 'go-go, slow-go and no-go years' can lessen the worry and help you save efficiently.


Planning for retirement takes decades of hard work. Ensuring you’ll have enough money to last the remainder of your life, creating a long-term health care plan, and knowing how and when to draw Social Security is a lot to juggle. Fortunately, you can take a more targeted approach once you understand the different phases of retirement.
Retirement can be structured into three different categories: the go-go, slow-go and no-go years. These terms are used to describe the various stages of aging and the typical energy, health and lifestyle changes that are associated with each. Therefore, your spending habits in each phase will also vary.
Go-go years
As the name states, the go-go years are often the most vibrant and active period of retirement. Retirees in this stage are usually in good health and have a sense of freedom they may not have experienced during their working years. Many choose to travel, pick up a new hobby, volunteer or even try a new sport. Retirees in their go-go years also have a thriving social life. This may include group outings with friends, community events and even reconnecting with friends.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
With your newfound freedom, the options are endless as long as you have the financial stability to support them. Therefore, planning for discretionary spending during your working years is key. To beef up your savings for this specific time, you can contribute more to your 401(k), open an IRA or take on more investments. You may also want to consider purchasing long-term care insurance. This can alleviate the financial burden of medical care you may need later on while freeing up more of your savings to use how you want.
Slow-go years
As retirees shift to their slow-go years, priorities become a bit different. Retirees in this phase are typically between 75 and 85 years old. This is a time when many people start slowing down physically, socially and maybe even mentally, because of increased health issues and energy levels. Instead of traveling the world, retirees in their slow-go years may opt for shorter day trips close to home, or increase the time they’re spending with family.
Retirees in this phase can expect less discretionary spending and more medical spending as doctor visits, medications and treatment increase. Medicare and Medicaid may be there to help offset the costs, but it’s important to rely on other income streams. This might be the time to utilize your long-term care insurance. Downsizing your home, moving in with other family members or even selling your car can help cut costs.
No-go years
The final phase of retirement is the no-go years. Retirees in their no-go years are typically 85 or older. For some, these years may bring substantial adjustments in living arrangements and support systems. Activities might become more home-based, focusing on comfort, relaxation and routine. Reading, watching TV, and small hobbies like knitting or crossword puzzles usually become the main source of education. Because of declining health, health care and long-term care costs are generally at their highest. Your estate plan is also the most important in this phase, so be sure that your plan is up to date.
Planning and saving for each phase
Planning for retirement is an experience many people dread, but your future self will thank you for it. Start figuring out your goals for retirement and create separate buckets of money for each phase. If you want to travel a lot in the first few years of retirement, start researching your trips and calculate the cost. If your family has a history of poor health, start looking into long-term care planning and talk with your family about how you’d like your care to be handled. This will help you start making a plan for covering those costs. Before retiring, or at the beginning of your retirement journey, consider meeting with a financial adviser who can help you create a plan that works best for you.
Joel Russo is a registered representative of and conducts securities transactions through CoreCap Investment, LLC. NJ Retirement Planning and CoreCap Investments are separate and unaffiliated entities.
Investing involves risk and you may incur a profit or loss regardless of strategy selected. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.
Related Content
- 16 Retirement Mistakes You Will Regret Forever
- How to Have a Happy Retirement
- Five Books About Retirement to Prepare You for Your Golden Years
- How You Can Tackle Health Care Costs in Retirement
- You Need a Retirement Contingency Plan: Five Steps to Get It Done
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joel Russo is a New Jersey native and has been in the financial services industry for more than 35 years. He is dedicated to helping his clients reap the rewards of a well-planned retirement. Unlike many financial professionals, Joel specializes in the retirement market, "the over-50 crowd” and has dedicated his practice to educating this community with workshops on topics relating to income from the right sources, taxes in retirement, RMD pitfalls and legacy planning.
-
Cord Cutting Could Help You Save Over $10,000 in 10 Years
How cutting the cord can save you money and how those savings can grow over time.
-
The '8-Year Rule of Social Security' — A Retirement Rule
The '8-Year Rule of Social Security' holds that it's best to be like Ike — Eisenhower, that is. The five-star General knew a thing or two about good timing.
-
Cord Cutting Could Help You Save Over $10,000 in 10 Years
How cutting the cord can save you money and how those savings can grow over time.
-
The '8-Year Rule of Social Security' — A Retirement Rule
The '8-Year Rule of Social Security' holds that it's best to be like Ike — Eisenhower, that is. The five-star General knew a thing or two about good timing.
-
Should I Buy Stocks or Should I Buy Bonds Right Now?
Generally speaking, stocks provide reasonable growth while bonds provide stable income. Each play important roles in diversified portfolios.
-
Tips for Expat Retirees, From Expat Retirees
You may enjoy a lower cost of living by moving abroad, but it requires careful planning.
-
You Were Planning to Retire This Year: Should You Go Ahead?
If the economic climate is making you doubt whether you should retire this year, these three questions will help you make up your mind.
-
Are You Owed Money Thanks to the SSFA? You Might Need to Do Something to Get It
The Social Security Fairness Act removed restrictions on benefits for people with government pensions. If you're one of them, don't leave money on the table. Here's how you can be proactive in claiming what you're due.
-
From Wills to Wishes: An Expert Guide to Your Estate Planning Playbook
Consider supplementing your traditional legal documents with this essential road map to guide your loved ones through the emotional and logistical details that will follow your loss.
-
Why Investing Abroad Could Pay Off
Countries overseas are stimulating their economies, and their stocks are compelling bargains.