From prioritizing spending and investing to using debt wisely and developing a giving attitude, rich retirees develop habits to live by.
The article from Kiplinger discusses various strategies that wealthy retirees employ to maintain and enhance their quality of life post-retirement. These strategies include continuing to work in some capacity, often in roles that are passion-driven or less stressful, which provides both income and mental engagement. They also focus on health, investing in preventative care, fitness, and nutrition to ensure a longer, healthier retirement. Social connections are prioritized, with many engaging in community activities, volunteering, or maintaining strong family ties. Financial management remains crucial; they often work with financial advisors to manage their wealth, ensuring it lasts through retirement while still enjoying life's pleasures. Travel is another common theme, but with a focus on experiences rather than just luxury, often choosing destinations that offer cultural enrichment or personal growth. Lastly, they practice philanthropy, not just for tax benefits but as a way to give back, which also provides a sense of purpose and legacy.
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