Which of These Three Types of Soon-to-Be Retirees Are You?
Some folks are concerned. Others are lacking clarity. But what you really want to be is confident. So, how do you stack up?


People nearing retirement often fall into three types.
Some are concerned about what the future holds in their post-working years, but they have taken no steps toward creating a retirement plan that could help alleviate their worries.
Others have researched retirement strategies and amassed quite a bit of information, but they lack clarity about what to do with all of it. They are overwhelmed by the options.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free 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.
The third group of soon-to-be retirees can be thought of as confident. They not only do their research but also have a firm idea of what to do with their findings.
You can think of these types of people as the three Cs: concerned, lacking clarity, confident. Let’s take a look at each to see which best describes you.
Concerned
Instead of viewing retirement as an exciting time of new possibilities, these individuals are anxious. They have been saving — possibly for decades — but they are unsure whether all the efforts they made to create a retirement nest egg will be enough.
Family members, friends or the media have convinced them they need a certain amount of assets before they can even consider retirement. They have tried mightily to accumulate wealth with the perception they must hit a specific dollar-amount goal — a goal that, frankly, may be unattainable for them.
When they seek financial advice, their worries can be summed up in one question: “Am I going to be OK?”
They want to be able to sleep well at night and not lie awake at 2 a.m., staring at the ceiling, distressed about their financial situation. They want to know that, regardless of what happens with the markets, an election or some other event beyond their control, they will be poised to come through it. They also want to be able to support whatever lifestyle they have grown accustomed to over their adult lives.
To help allay many of their fears, they need to understand what they are dealing with is a math problem to be solved. By taking all the income sources they will have in retirement — Social Security, possibly a pension, savings — they can create a retirement plan that will give them more confidence about the future.
A strong retirement plan helps you determine your retirement expenses, the amount of income you will need to pay for them, and how to create that income. A plan takes the mystery out of retirement.
Seeking clarity
Take a deep dive into retirement planning and the mountain of data you accumulate can leave you dizzy.
At what age should you claim your Social Security benefit? How do you know what to choose among all those financial tools — annuities, mutual funds, bonds, bond funds, dividend-paying stocks? What are required minimum distributions and how do you plan for them? Should you convert your tax-deferred retirement accounts to a Roth IRA? What tax strategies can help you reduce the bill you owe Uncle Sam?
Those seeking clarity think about all these questions and more. They know they need a retirement plan and want to do everything possible to create it. So, they do their research, go to classes, listen to financial radio shows or podcasts and elicit advice from friends.
In the process, they gather a large stack of puzzle pieces. Unfortunately, their minds become cluttered with so much information that they hardly know how to begin putting the puzzle together.
What they don’t have is clarity. Yes, retirement planning comes with endless options. And all of those options are good — for someone. But not every option is right for everyone. Those seeking clarity need to find a way to focus on what applies best to their particular needs and shove the rest to the side.
For example, let’s consider the question of when to take Social Security. You can claim your benefit as young as age 62, but the monthly payment is reduced. You get more money if you wait until your full retirement age (67 for most people) and even more if you postpone claiming the benefit until you are 70.
Someone might take Social Security early if they can no longer work and need the monthly income. They also might choose that option if they have a health condition or a family history that points to a shorter life expectancy. Most people, though, are better off waiting until they can get the higher amount.
It’s easy to see how the decision comes down to your personal situation — and not what someone else did. That other person may have based their decision on an entirely different set of circumstances.
Confident
People who are confident about retirement often are do-it-yourselfers when it comes to planning. Like those seeking clarity, they do plenty of research, but they understand how to use what they learn, and they enjoy managing their money on their own.
These are the kind of people who revel in the opportunity to build a spreadsheet, ponder the numbers and create a plan.
They do seek advice from professionals, though, mostly to confirm that what they are doing is correct and that their numbers are accurate. Another motivation is that they may have a spouse who is not as enamored with or adept at financial planning as they are. They want to protect that spouse and make the transition to an adviser easier in the event that they are no longer able to take the lead on finances due to sickness, disability or death.
Where do you fall in all of this?
Whether you categorize yourself as concerned, lacking clarity or confident, it’s worthwhile to find a financial professional who can help alleviate those concerns, guide you to clarity or confirm that your confidence is warranted.
Regardless of which C you are, retirement planning is not something to leave to yet another C — chance.
Ronnie Blair contributed to this article.
The appearances in Kiplinger were obtained through a PR program. The columnist received assistance from a public relations firm in preparing this piece for submission to Kiplinger.com. Kiplinger was not compensated in any way.
Related Content
- Plot a Smoother Retirement Journey with a Written Income Plan
- Five Financial Planning Secrets of Millionaires
- Pros and Cons of Waiting Until 70 to Claim Social Security
- Five Things You Must Do to Retire With Confidence
- When Does a Nest Egg Become a Ticking Tax Bomb?
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.

Sean P. Lee is a managing partner and Investment Adviser Representative with Elevated Retirement Group. Since 2002, Lee has helped families reach and maintain their financial goals. Lee has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial adviser on Utah’s NBC station, KSL 5.
-
The Seven-Day Financial Reset: A Simple Plan to Get Control of Your Money, From an Expert
Sometimes, getting unstuck requires a reset. These practical steps can help you tackle your money issues and feel less overwhelmed by it all.
-
Three Pros (and Four Cons) of Hiring Multiple Financial Advisers: The View From a Financial Adviser
There's nothing to stop you from working with several financial advisers instead of just one. But take a balanced view of the risks and rewards first.
-
The Seven-Day Financial Reset: A Simple Plan to Get Control of Your Money, From an Expert
Sometimes, getting unstuck requires a reset. These practical steps can help you tackle your money issues and feel less overwhelmed by it all.
-
Three Pros (and Four Cons) of Hiring Multiple Financial Advisers: The View From a Financial Adviser
There's nothing to stop you from working with several financial advisers instead of just one. But take a balanced view of the risks and rewards first.
-
S&P 500 Tops 6,500 Even as Nvidia Slips: Stock Market Today
The world's most valuable company closed lower after earnings, but the S&P 500 managed to notch a new record high.
-
How to Keep Your Work Friends After You Retire
Work friendships can boost teamwork, lift your spirits, and make the job more fun. But when you retire, these friendships can fade. Here's a look at why that happens and what you can do about it.
-
DexCom, GE, SLB: Why Experts Rate These Stocks at Strong Buy
Wall Street gives these three diverse names Strong Buy recommendations with high potential upside.
-
Retirees, Make These Financial Moves Before the Fed Cuts Rates
The Fed will likely reduce interest rates in mid-September. Financial experts explain where retirees should invest now to boost retirement funds.
-
I'm an Annuities Expert: Here Are Two Ways to Use Annuities to Benefit From the OBBB
To qualify for a new tax break included in the One Big Beautiful Bill Act, some older adults need to lower their taxable income. Annuities can make that happen.
-
Here's Why Munis Aren't Just for Wealthy Investors Now
Buyers of all levels should be intrigued by municipal bonds' steep yield curve, strong credit fundamentals and yield levels offering an income buffer.