Frontwave Briefing | Second Quarter 2019


Second Quarter 2019

Gradual Retirement Provided by Kathy L. Chesney ChFC,CLU independence, or a hope to spend a few extra

Are you in a hurry to retire? Not everyone is rushing to that particular finish line. According to the 2018 retirement survey from the Transamerica Center for Retirement Studies, which gauges the outlook of American workers, 56% of those who describe themselves as “fully retired” did so before age 65, while another 14% said goodbye to the daily grind in the year they turned 65. But that still leaves a significant number – 30% of respondents – working beyond age 65, with some even indicating that they never “expect to stop working.” 1 Are financial needs shaping these responses? For some, though not everyone. Those who retired after age 65 offered a wide range of responses. Forty-seven percent of respondents indicated that they wanted to remain “active” or that they “enjoy what [they] do.” But many indicated that they couldn’t afford to retire (24%), needed to maintain health benefits (12%), or simply wanted to continue making money (56%). That latter statistic may speak to a desire for more financial

years in the workforce, so they can continue making contributions to retirement accounts. 1

“Retirement” and “work” are no longer mutually exclusive. Whatever your reasons for not retiring at the earliest opportunity, the truth is that many people enjoy good health and vitality well into their seventh decade (and beyond) and see no reason to speed their way into that phase of their life. 2 If you do want to make a gradual retirement transition, what might help you do it? First of all, work on maintaining your health. The second priority: maintain and enhance your skill set, so that your prospects for employment in your sixties are not reduced by separation from the latest technologies. Keep networking. Think about Plan B: if you are unable to continue working in your chosen career, even part-time, what prospects might you have for creating income through financial decisions, self-employment, or in other lines of work? How can you reduce your monthly expenses?

Kathy Chesney may be reached at 760.439.6960 or

For the full article and many more visit the financial education section of This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. Citations. 1 - [12/18] | 2 - why-retire-at-70-2389048 [3/2/19]

Upcoming Financial Workshops Home Buying Workshop

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Income For Life What’s your plan for retirement? What do you need to do to make your retirement dreams a reality? Our investment services experts can walk you through how to set yourself up to enjoy your post-work life. • June 20, 2019 @ 5:30 pm

What dream is bigger than owning your own home? Let our very own real estate expert Autumn Roose guide you through the ins and outs of the home buying process. She will teach you real estate lingo, pitfalls to avoid, and share tips for making the home buying process as seamless as possible. • April 23, 2019 @ 5:30 pm

Frontwave RDO Branch 1278 Rocky Point Drive Oceanside, CA 92056

Frontwave RDO Branch 1278 Rocky Point Drive Oceanside, CA 92056

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Frontwave Wildomar Branch 36290 Hidden Springs Road Wildomar, CA 92595

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