The days of retiring at 65, moving to a Sun Belt community and playing golf from 9 to 5 are over—by popular demand. Three-quarters of pre-retirees say they will continue working in some way. But in many cases, they're looking to work at a different pace, or even in a new profession. It's not just about maintaining income—it's a way of staying active and finding greater satisfaction in their lives. Postponing retirement, though, does not mean postponing retirement planning. If anything, it's an opportunity to create or rethink your investment approach to come up with a strategy that can help seek regular income when you'll need it most, giving you the financial freedom to pursue your retirement on your own terms. That's where a Merrill Lynch Financial Advisor can help, by working with you to help determine how to align your portfolio and asset allocation with your new goals and timeline.
In light of recent economic conditions, more and more people are rethinking their retirement in other ways. They're adjusting their lifestyles—vacationing closer to home, deferring big-ticket purchases and tracking their day-to-day spending more closely. As you think of your personal goals and make changes in your life to work toward the life you want in retirement, it's important to meet regularly with your Financial Advisor to review your portfolio and take a fresh look at your financial strategy.
