What is a retiring personality?

A "retiring personality" can mean two things: someone who is shy and reserved (reticent) or different types of retirees like Globetrotters, Workhorses, Hobby Clubbers, or Family Pillars, who define their post-work life through various activities and goals, with traits like high extraversion often linked to greater retirement satisfaction and activity levels. Understanding these common profiles helps individuals plan for a fulfilling retirement, which involves evolving identity, managing new freedoms, and finding purpose beyond work.


What does it mean to have a retiring personality?

If you call someone retiring, it isn't necessarily clear whether you mean it as a compliment or something closer to a put-down. Usually, the word is used to describe someone who is shy or modest to a fault. But it can also be used to suggest that someone isn't arrogant, which is usually a good thing.

What are the retirement personality types?

The Retirement Personality Types
  • Bucket-Listers. Bucket-Listers crave novel experiences that take them out of their comfort zone, and retirement offers the opportunity to seek these out. ...
  • Community Organizers. ...
  • Dedicated Athletes. ...
  • Easy Spirits. ...
  • Family Pillars. ...
  • Hermits. ...
  • Hobby Clubbers. ...
  • Inspired Creatives.


What does it mean if a person is retiring?

Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job for health reasons.

What are the 3 R's of retirement?

The Three R's of Retirement: Resiliency, Resourcefulness & the Renaissance Spirit.


The 4 phases of retirement | Dr. Riley Moynes | TEDxSurrey



What is the number one mistake retirees make?

The top ten financial mistakes most people make after retirement are:
  • 1) Not Changing Lifestyle After Retirement. ...
  • 2) Failing to Move to More Conservative Investments. ...
  • 3) Applying for Social Security Too Early. ...
  • 4) Spending Too Much Money Too Soon. ...
  • 5) Failure To Be Aware Of Frauds and Scams. ...
  • 6) Cashing Out Pension Too Soon.


What are the 4 pillars of retirement?

We call them the four pillars: health, family, purpose and finances.

What happens emotionally when you retire?

You may grieve the loss of your old life, feel stressed about how you're going to fill your days, or worried about the toll that being at home all day is taking on your relationship with your spouse or partner. Some new retirees even experience mental health issues such as clinical depression or anxiety.


How many Americans have $500,000 in retirement savings?

Only a small percentage of Americans have $500,000 or more in retirement savings, with recent data (late 2025/early 2026) suggesting around 7% to 9% of households have reached this milestone, though this varies by source and can be skewed by high-income earners or home equity. For instance, one study showed only 4% of all households had $500k-$999k, and 3.1% had $1M+. 

What is the best age to retire?

“Most studies suggest that people who retire between the ages of 64 and 66 often strike a balance between good physical health and having the freedom to enjoy retirement,” she says. “This period generally comes before the sharp rise in health issues which people see in their late 70s.

What is the hardest personality to live with?

According to psychology, there are specific personality types that are notoriously difficult to live with. These can include the passive-aggressive communicator, the relentless critic, or the energy-draining pessimist. However, recognizing these traits is the first step toward managing the stress they cause.


What is the golden age of retirement?

When claiming Social Security, the best financial move you can make is to wait until age 70. That's the gold-standard advice from experts, who point to the substantial annual increase in your benefit for each year you delay claiming it after you reach what the government calls your full retirement age, either 66 or 67.

What is the $240,000 rule?

The $1,000-a-month rule says you'll need $240,000 in savings for every $1,000 monthly retirement income you want. This rule uses a 5% annual withdrawal rate and assumes your savings stay invested to grow with inflation.

What two personality traits are linked to dementia?

Neuroticism, low conscientiousness, and negative affect were associated with dementia diagnoses across samples, measures, and time. Other personality traits may be more protective; for example, conscientiousness, extraversion, and positive affect were associated with a lower risk for dementia.


At what age does personality change the most?

The period of the greatest change in personality traits primarily occurs during early adulthood, roughly between ages 20 and 40, as individuals navigate major life transitions like establishing careers, forming partnerships, and taking on new responsibilities, leading to increases in traits like conscientiousness and emotional stability. While some changes happen in childhood and later life, this early adult phase sees the most significant shifts as personality adapts to societal roles.
 

What is the smartest age to retire?

There's no single "smartest" age, but 65-67 is a common sweet spot for maximizing benefits (full Social Security, Medicare eligibility), while many Americans think 63 is ideal but often retire around 62-64 due to health or finances. The truly best age depends on your financial security, health, lifestyle goals, and desire to work, with some experts suggesting delaying Social Security to 70 for maximum payout, making late 60s a financially optimal time to retire, even if you start earlier. 

What is the average 401k balance for a 65 year old?

For a 65-year-old, the average 401(k) balance is around $299,000, but the more representative median balance is significantly lower, at about $95,000, indicating many high savers pull the average up, with balances varying greatly by individual savings habits, income, and other retirement accounts. 


What is the $27.40 rule?

The $27.40 Rule is a personal finance strategy to save $10,000 in one year by consistently setting aside $27.40 every single day ($27.40 x 365 days = $10,001). It's a simple way to reach a large financial goal by breaking it down into small, manageable daily habits, making saving feel less intimidating and more achievable by cutting small, unnecessary expenses like daily coffees or lunches.
 

What are common regrets after retiring?

Not Saving Enough

If there's one regret that rises above all others, it's this: not saving enough. In fact, a study from the Transamerica Center for Retirement Studies shows that 78% of retirees wish they had saved more.

What happens to the brain when you retire?

Retirement can trigger cognitive and emotional shifts in the brain, often leading to faster declines in verbal memory and increased risks of depression due to reduced mental challenges, social interaction, and daily structure from work; however, staying mentally, socially, and physically active with new learning, hobbies, and purpose can counteract these negative effects, leveraging the brain's neuroplasticity to maintain sharpness.
 


What hobbies are good for retirees?

Read on to learn about ten hobbies that are perfect for retirees!
  • Gardening. If you're looking for a hobby to get you outside and connected to nature, gardening may be perfect for you! ...
  • Chess. ...
  • Puzzling. ...
  • Learn an instrument. ...
  • Cycling. ...
  • Reading. ...
  • Choir. ...
  • Swimming.


What is the hardest part of retirement?

Retirees grapple with longevity, market fluctuations, inflation, taxes, and legacy desires, all affecting retirement savings adequacy. Manage retirement income with the 4% rule, variable annuities for assured income, and long-term care insurance for potential healthcare costs.

What are the 4 funds Dave Ramsey recommends?

The best way to invest in mutual funds is to have these four types of mutual funds in your investment portfolio: growth and income (large cap), growth (medium cap), aggressive growth (small cap), and international. This will help spread your risk and create a stable, diverse portfolio.


What is the Trinity rule for retirement?

It started from a study known as the "Trinity Study." Researchers looked at different retirement scenarios. Their goal was to find a safe withdrawal rate from retirement funds. They found that withdrawing 4% each year let people maintain their lifestyle for about 30 years without running out of money.