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.BHS

1Make the most of your retirement assets by strategically allocating your contributions.
2STUART RITTER, CFP®, a senior financial planner with T. Rowe Price, explains who can benefit from Roth IRAs’ advantages.
3A Thoughtful Approach to Retirement Investing.
4When and how you start collecting Social Security will affect the total amount of benefits you receive
5Make your IRA contributions for 2013; invest your tax refund with direct deposit; a new way to qualify for premium services; and more.
6An investor survey shows that there is no one way to retire.
7"Stretching" an Inherited IRA offers your heirs the potential for decades of tax-advantaged growth.
8History shows why maintaining an allocation to stocks and bonds that is appropriate for your financial goals can lead to long-term growth.
9Work toward the future you want by taking action today.
9Understanding what your estate is worth can help ensure your planning efforts are on the right track.