The Evolution of Retirement Trends

Retiring Baby Boomers are redefining retirement to create an enhanced, modern-day version of life after 65.    
asdfasdf
Retiring Baby Boomers are redefining retirement to create an enhanced, modern-day version of life after 65.    

They say the only constant is change, and—just as Dylan sang in the mid-60s—times they are a-changin’. When it comes to retirement, that means a lifestyle that has come a long way from trading a successful career for a quiet life of shuffleboard by the beach. Modern retirement has evolved along with our changing society, from lifestyle and finances to home designs and retirement destinations.

As the Baby Boomer generation reaches retirement age, they are again redefining expectations. Societal factors, like extended life expectancies, better health and a strain on the Social Security system, have changed the landscape of life after retirement. In fact, many people who reach retirement age aren’t actually retiring at all. A longer lifespan means adults who retire at 65 (or earlier) will need a substantial nest egg to see them through 30+ years without an outside income.

Better health also makes many adults feel like they aren’t yet ready to retire just because they reach a certain birthday. They enjoy contributing to society, interacting with co-workers and having the personal satisfaction of a successful career. Once they do decide to retire, that may not be the end of working either. While their grandparents may have retired into a life of leisure, many of today’s active adults continue to work full or part-time jobs after retiring from their primary career.

Despite being retirees, they may take on consulting work, turn a hobby into a second career or start their own new businesses. This sense of purpose and personal fulfillment can be met through continuing education programs as well. Colleges and universities across the country offer lifelong learning opportunities for older adults through special classes, lectures and other programs. Some active adult communities have their own lifelong learning centers where residents can learn about a wide range of subjects.

Beyond local programs, retirees also have the flexibility of turning to online learning programs, and they aren’t afraid of using the Internet to expand their horizons. Instead of shying away from technology, retirees today often embrace emerging trends. This is especially true of Baby Boomers who were among the first to grow up with TVs and discovered the wonders of personal computers. A typical retiree’s home may include some state-of-the-art technology including home theater systems and wireless networking.

They keep in touch with family and friends through social networking and have smartphones with the latest apps. Modern homes designed for retirees also commonly include new features including energy-efficient appliances and energy-saving elements like solar panels. Universal design features with an eye toward low-maintenance living make homes comfortable for empty nesters while also letting them gradually age in place.

While many retirees do relocate to resort areas like those in Florida, Arizona or California, staying near family and friends is just as likely. Recognizing this, active adult community developers continue to build new communities in diverse areas throughout the country. Instead of promoting one idea of a retirement lifestyle, these developments are designed with a wide range of amenities to appeal to many different residents.

Perhaps the biggest change in a modern retirement is in its diversity. Today’s retirees can choose the lifestyle and destination which appeals to them the most. They aren’t limited to living their grandparents’ retirement.

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

Share this post:

We're here to help! (800) 928-2055

Call us to speak with a customer service representative.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting [email protected] Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

The Best Places to Snowbird in 2021

We’ve gathered 25 of the best places for snowbirds, including cities in Florida, Arizona, California, Texas, South Carolina, and Nevada. For each entry, we’ve also provided a list of recommended 55+ communities in the area. If you’re ready to find your own winter retreat this season, here are some of the best places to consider.

Interior view of the indoor pool at Del Webb Ponte Vedra in Ponte Vedra, Florida.

Jacksonville Area 55+ Communities With Indoor Pools

There’s something so luxurious about an indoor pool. Take a look at these communities in Jacksonville and the surrounding northeast Florida area. You’ll find indoor pools and much, much more.

Sunset on sandy and rocky beach in the Bay Area of California.

55+ Communities on the Beach in the Bay Area

Perhaps you’re ready to turn your dream of living by the beach into reality. In that case, we’ve got you covered, because there are a few wonderful beachside 55+ communities right in the Bay Area.

A 55+ couple with arthritis holding hands and enjoying a day at the beach.

The Best Places to Retire With Arthritis

Those with arthritis know the pain and discomfort can be difficult to manage day-to-day. While there are many remedies to manage the pain, one you may not consider is climate. 55Places has taken a look at the best regions to live if you have arthritis, and many of them are home to 55+ communities!

A bridge over a pond on the grounds of Sun City Lincoln Hills in Lincoln, California.

Large 55+ Communities in the Sacramento Area

One of the greatest benefits of living in a large community is the vast amount of amenities typically offered. If you’re looking for larger 55+ communities in Sacramento, you’ll want to check out the three following communities.

Aerial view of the Downtown Spartanburg skyline in South Carolina on a sunny day.

Living in Spartanburg, South Carolina

Located in the scenic foothills of the Blue Ridge Mountains in Northwestern South Carolina—also known as the Upstate—Spartanburg is an ideal destination for active adults who want to retire in a mid-sized city with a small-town, close-knit feel.

About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

Scroll to Top