This article describes the six major paths people tend to follow in retirement.
As the author explains, your chosen path in retirement might not always be a straight line; in our experience, it's common to experiment with different paths in retirement and even combine them to create something personal.
The six paths they identified are continuers, adventurers, easy gliders, involved spectators, searchers, and retreaters.
Depending on your personality and goals in life, some of these paths are more likely to appeal than others.
Having a clear vision of your path in retirement is an important part of the financial planning process and will make it easier to allocate the financial resources you need in later life.
Regardless of where you are in the retirement planning process, it might be time to think about your future path. Through my research, I have identified six major paths retirees follow.