Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Running Your Business > Selling

22 Retirement Goals for 2022

Your article was successfully shared with the contacts you provided.

What You Need to Know

  • The author says he emphasizes the need for health and long-term care planning as well as income planning.
  • He talks about reverse mortgage and life settlement reviews.
  • He also encourages clients to read and join AAA and AARP.

If planned for correctly, retirement is a time when your clients can stop doing what they have to do and start doing what they want to do.

But getting to this point in life requires discipline and a plan.

To live a well-balanced retirement, people must focus on their financial planning, health and long-term care security, and creating a purposeful lifestyle. Overlooking one or more of these priorities will throw retirement into disarray.

Insufficient savings and investment resulting in a lack of financial resources, health problems resulting in a need for expensive health and long-term care support and services, and a life lacking purpose, activity or enrichment will make for a hard or disappointing retirement.

Bringing these three components together is the key to living the kind of prosperous, healthy and active retirement everyone hopes they can live.

Your clients can’t arrive at their destination without a road map, so, to achieve a well-balanced retirement, a strategy needs to be in place to reach one’s desired retirement goals.

No matter what stage of life people are in, here are 22 retirement goals I encourage clients to incorporate into their plans, to help them create security and happiness in their finances, health and lifestyle.

Financial Planning

  1. Do a one-month spending tracker and establish a monthly budget.
  2. Increase personal savings by 5%.
  3. Maximize pretax dollars in 401(k)s maximize contributions to IRAs or HSAs, or both.
  4. Delay taking Social Security as long as possible, up to at least age 70.
  5. Get wills, trusts, power of attorney, estate plans in order and organize a “death file.”
  6. Don’t abandon a life insurance policy without a life settlement review.
  7. Get a reverse mortgage review.
  8. If you are a military veteran, civil servant or government employee, understand your pension and all your benefits.
  9. Review your credit cards and bank accounts weekly for unrecognized charges or recurring charges that you no longer need and have them canceled.
  10. Commit to review credit tracking reports, bank accounts and credit card statements twice a month for signs of fraud.

Health and Long-Term Care Security

  1. Review Medicare benefits with a professional to make sure you are enrolled in the best plan or plans, and don’t blow off annual open enrollment.
  2. Discuss with loved ones your wishes and resources for long-term care.
  3. Look at buying long-term care insurance or subscribe to a True Freedom Homecare Plan, which is a prepaid home care plan.
  4. Improve diet and exercise to maintain your health.
  5. Improve sleeping habits to maintain mental sharpness.
  6. Get an annual physical and review all your medications.


  1. Work on and improve relationships in your life.
  2. Read at least four books.
  3. Exercise your mind with puzzles and strategy games.
  4. Commit to a job or volunteer to give your life more structure and purpose.
  5. Join AARP and AAA and ask for senior discounts where you shop, travel and get services.
  6. Write a vision board for your retirement and create a projected budget for living it.

Your clients can live in retirement for many years.

Doing all that is possible to enter those years with solid financial means, sound physical and mental health, and a retirement lifestyle plan and budget is how to retire like a genius.

It is never too late for your clients to put smart practices in place that will pay off today and tomorrow — but the sooner people get started, the better.

Putting these 22 steps into action this year will help your clients build up their financial strength, health and long-term care security, and a life filled with purpose and happiness.

Chris Orestis, Life Care Funding LLC Photos by Brian Fitzgerald.Chris Orestis, CSA, is president of Retirement Genius. He is a former lobbyist who has worked in both the White House and for the Senate majority leader on Capitol Hill. In 2007 he founded Life Care Funding, and in 2017 he founded the LifeCare Xchange. He hosts the Retirement Genius podcast series.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.