Brookdale Wave

Pricing & Availability

877-384-8989

Getting the Most Out of Middle Retirement

About Brookdale Senior Living

Brookdale Senior Living offers multiple care levels for seniors in more than 600 communities nationwide. Brookdale helps you find the right care plan for yourself or your loved one. With amenities such as transportation services, salons and private dining rooms and activities such as gardening, fitness classes and trivia nights Brookdale caters to a wide range of interests and needs.

Settling Down

After age 70, a fulfilling new phase of retirement begins. Between 70 and 80, all middle retirees are enjoying Social Security benefits, since the longest you can defer these payments is age 70. 

Seniors in their 70s may also start taking required minimum distributions from retirement accounts like 401(k)s, Roth 401(k)s, 403(b)s and more. 

During middle retirement, it’s good to assess your investment strategy — balancing risks and rewards with your future goals. Many investment companies offer target-date funds designed to grow assets over a certain number of years in order to reach specific, targeted goals.

 

More Money, Less Travel

As you start receiving more income due to Social Security, you may find yourself a bit traveled out. Your health and mobility may not be what they were a decade before, when you were ready to travel the world. 

This sense of exploration and discovery may give way to a quieter life where you embrace only the things you really love — enjoying your favorite activities and spending time with those you love most.

During middle retirement, expenses may decrease as you start to reorient your travel around visiting family and grandkids. Americans who are 75 and older spend 23 percent less than those aged 65 to 74. Much of this is due to downsizing and spending 35 percent less on travel expenses.

Putting a Plan in Place

Middle retirement is also an ideal time to review your will and estate-planning documents — making sure your money and assets will be distributed correctly after you pass away.

Depending on your circumstances, you may want to have a legal professional draw up documents designating your financial power of attorney and healthcare power of attorney.

 


Inside Brookdale Communities

See what’s happening on our community Instagram pages

Brookdale has communities near you!
Find a Brookdale Community Near You
Find a Brookdale Community Near You
Chat Now