In Their Words:
Perspectives on Retirement
Listening to Americans talk about leaving their careers shows
there is no one way to retire.
Looking for a complete picture of the attitudes and emotions of people approaching or experiencing retirement, T. Rowe Price conducted a series of in-depth interviews with some 90 volunteers. Many people are unsure about whether they are retired or not, even those still in the workforce at age 65 and older. In fact, about four in 10 retirees say they are not fully retired. Those who are content with their retirements share some important qualities: They make plans and revisit them as needed; they spend wisely; they believe that it’s never too soon or too late to save; and they have a clear vision for their retirement—the activities, items, and people with the most meaning for them. The mindset and actions of these successful retirees are the same as those reflected in Practice Retirement®, an approach developed by T. Rowe Price that encourages using your 60s to begin doing the things you’ve always wanted to do in retirement while still working and drawing a salary and benefits.