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7 Healthy Habits of a Successful Retiree

7 Healthy Habits of a Successful Retiree


What makes someone successful in retirement? Is it money and how much you have of it? No. Not solely, but it helps. The Employee Benefit Research Institutes recent survey does indicate that retiree confidence is higher in those who have a retirement plan and have retirement savings than those retirees that do not.


However, there are many other aspects to consider, in being a successful retiree, other than money. There are rich and poor retirees that do not live with personal satisfaction in retirement. When considering what healthy habits contribute to a successful retiree we need to consider the following aspects of life; ones’ physical, social/emotional, mental, spiritual, and financial. Here are 7 healthy habits to consider in being a successful retiree.


Retire based on your financial plan not your age. This is a process that a person or couple should start long before they retire. The earlier you plan and save, according to your goals, the better opportunity you have of reaching those goals before retirement.
In my experience, retirees that have consistent income paying their living expenses seem to be happier than those who have to rely on the performance of their portfolio. Since pensions are going away this is a pre-retirement planning opportunity.

Lastly, successful retirees are financially responsible and live within their plan.


Stay physically healthy. A retiree’s health status is strongly correlated with retirement satisfaction. It is important to eat well and to maintain an exercise program that includes strength, flexibility and cardiovascular training. Find the type of program that best suites you and keeps you interested or challenged. Also be sure to keep up with annual physicals and your preventative appointments.

Give of yourself. Be a blessing. This type of activity nurtures the soul. These activities include; volunteering your time for a non profit organization, sitting on a board of directors, being active in ones’ community and helping others who are less fortunate.

Be intentional. Create a vision of how you see yourself living in retirement and then live it. Pursue the travel, hobbies and interests that you envisioned for yourself and your spouse prior to retirement. I like to think of this as living by ones vision not by circumstance. If you live by circumstances that come up in life you will find yourself just reacting and not being proactive. Live with a sense of urgency and be intentional.

Stay connected to other people and nurture meaningful relationships. Isolation and loneliness are two factors that contribute to unhappiness in life. In truth, the quality of ones’ life can be measured by the quality of ones’ relationships. Spend time with your family, friends, and former colleagues. Create new relationships in retirement since loss of our relationships is inevitable later in life.

Keep learning: A habit of successful retirees is to read, write, teach and learn new things. This promotes growth and change in your life. It keeps you fresh and your mind sharp. You are never too old to be a student. Being a student keeps you feeling young at heart.

Maintain a spiritual life. This can mean many different things to different people. It could mean spending time in nature, meditation, music, art, prayer, self reflection or service. For example, I know a man that liked to draw but did not take it up until he retired. He took classes, practiced drawing, and then displayed his drawings. He took pride in his work and it connected him to a community of people he wouldn’t have known otherwise.

Lastly, learn how to forgive. Life is too short to harbor old feelings of hurt, anger and disappointment. Holding on will take up too much time and energy. Let it go.


When we think of retirement in the future we often think of money. How much should I save? How much do I need? How long will it last? Although this is important, it is not the only ingredient to success in retirement. As stated earlier, we also need to be intentional when it comes to our physical, emotional, social and mental needs. The sooner we can create this balance in our lives the more successful we will be as retirees.



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The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to 3,260 Detroit-area wealth managers were considered for the award; 274 (8% of candidates) were named 2021 Five Star Wealth Managers. 2020: 3,105 considered, 284 winners; 2019: 2,987 considered, 347 winners; 2018: 3,069 considered, 322 winners; 2017: 1,836 considered, 356 winners; 2016: 1,961 considered, 630 winners; 2015: 2,238 considered, 627 winners; 2014: 3,448 considered, 658 winners; 2013: 2,762 considered, 749 winners; 2012: 2,658 considered, 745 winners.