Your Retirement Reckoning: Four Questions to Ask

Prepare for your moment of liberation from the daily grind, aka retirement, with the answers to these important questions about your next phase in life.

A man with a backpack stands on the top of a mountain looking down.
(Image credit: Getty Images)

America is facing its great retirement reckoning as millions of workers are close to leaving their day jobs or full-time work and will be confronting important questions to guide their path into a happy retirement and what hopefully will be a healthy new adventure.

The retirement reckoning starts with undeniable demographics. More Baby Boomers will turn 65 next year — what the Alliance for Lifetime Income calls Peak 65 — than at any point in the nation’s history, amounting to about 4.4 million over the course of the year, or more than 12,000 people a day. Most people still retire between 62 and 65, so we are reaching our peak retirement moment. And with the economy somewhere between a rough patch and a recession, even more Boomers may be heading for forced retirement.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

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.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Richard J. Leider
Founder, Inventure – The Purpose Company

Richard Leider is an Education Fellow with the Alliance for Lifetime Income’s Retirement Income Institute and Founder of Inventure – The Purpose Company, a firm created to guide individuals to live, work and lead on purpose. He is ranked by Forbes as one of the “Top 5” most respected coaches and is a contributing author to many coaching books. He is one of a select few coaches who have been invited to work with over 100,000 leaders from over 100 organizations such as AARP, Ameriprise, Blue Zones, Ericsson, Habitat for Humanity, Lifespark, Mayo Clinic, Modern Elder Academy, National Football League, Outward Bound, United Health Group and the U.S. Department of State.