Edward Jones research suggests that individuals willing to make positive course corrections are most able to navigate retirement challenges such as health issues, widowhood, and financial setbacks.
The firm identified four key pillars for a successful retirement journey: health, family, purpose, and finances. In the area of health, the company noted that many surveyed individuals believe it is never too late to improve physical well-being through diet, exercise, and mental stimulation.
Regarding family and purpose, impactful changes may include spending more time with grandchildren, relocating to be near relatives, or pursuing new adventures through travel and volunteering. The firm also highlighted the importance of setting boundaries with toxic relationships.
On the financial front, Edward Jones recommended proactive actions such as reducing debt, saving during working years, and developing a strict budget. The firm advised seeking holistic guidance to navigate the wide array of available options.
Lisa R Jensen, an Edward Jones financial advisor, has been with the company since November 2018.
