If you had to choose a single photo that represented what retirement means to you, what would your image be?
These days, it’s difficult to narrow an entire retirement down into one picture, isn’t it?
Whereas it used to be almost entirely about how much money you could save, with its complex financial and social landscapes, along with the high expectations of Baby Boomers, achieving nirvana during retirement is a creative endeavor.
In short, it’s a blank canvas waiting for you to paint your masterpiece.
Since our inception, we’ve been primarily focused on the financial aspects of retirement. Things like how much you needed to save and invest to achieve your goals.
And while those concerns are still the bedrock of what we do, wider-ranging “lifestyle concerns,” and how the accumulation of money can be used as a tool to give you the freedom to pursue your dreams is something we get asked about more now than at any time before.
Because when you consider that your retirement could last 30 years, or longer, you begin to see that making your money last, while vital, isn’t your only concern.
So, what are the essentials of great retirements?
In tandem with the University of California, Davis, we’ve commissioned a nationwide study to help determine what the happiest, most successful retirees are doing to stay that way.
Here are the 4 things we’ve learned.
Equal parts physical, mental and emotional, our research has found that Health and Wellness is the #1 factor in a happy retirement. (Yes, even more than money.) We also found that physical and emotional well-being are closely linked.
So, what can you do right now to achieve greater well-being?
Prosperity means different things to different people, but for our purposes, it’s not about wealth as much as it’s about achieving financial confidence. Simply, some people feel great about their retirement when they have $400,000 saved, while others are not confident their $4 million is going to last.
Prosperity is being confident that you can reasonably live within your means, and it’s about having all your financial ducks in a row. This means you:
As retirement has changed, and people not only live longer, but are coming to expect more from the experience, it’s no surprise that we continue to search for meaning in our lives.
The need for meaning is something that makes us uniquely human.
The happiest retirees report that they are satisfied with the amount of responsibilities and commitments in their lives. Our research suggests that, rather than slow down, you should try and schedule the same number of activities you devoted yourself to before you retired. 
Additionally, if you engage in purposeful commitments during retirement, you actually improve your odds of staying healthy longer. 
To find purpose, you should:
One of the most underrated aspects of work is interacting with people who are on a similar path to your own. But when you leave the workforce, the loss of stimulation and friendships can be jarring.
That’s because work is much more than just a paycheck.
You must stay connected when you retire.
People who report fruitful social connections, and those who regularly seek out and embrace new experiences, actually live an average of 3.5 years longer than those individuals who lack consistent, strong social bonds. 
To help stay healthy and happy during retirement, you should:
Retirement isn’t merely about money. For previous generations, when people were less inclined to discuss depression, and when lifespans were shorter, we assumed that if someone retired with money, they were reasonably happy and we didn’t worry too much about them.
But our deeper understanding about the roots of depression, and a societal shift in what it means to be happy and successful, has in many ways evolved for the better. It takes planning and intention to do modern retirement well.
If you’d like more information about what constitutes a successful retirement in the modern era, check out our Life in Retirement tutorial.
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1The NBRI Circle of Excellence Award is bestowed upon NBRI clients meeting one or both of the following criteria: Total Company score at or above the 75th percentile of the NBRI ClearPath Benchmarking Database and/or improvement of five (5) or more benchmarking percentiles in Total Company score over the previous survey.
2Scott Hanson (2011, 2012, 2013, 2014, 2015 & 2016) and Pat McClain (2012, 2013, 2014, 2015 & 2016). Barron's© magazine is a trademark of Dow Jones L.P. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors' practices.
3As of 01/20, Allworth Financial, an SEC registered investment adviser and AW Securities, a registered broker/dealer have approximately $8 billion in total assets under management and administration.
4Barron’s 2019 Top 50 RIA Firms. Barron's© magazine is a trademark of Dow Jones L.P. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors' practices.
✢Scott Hanson, Investment Advisor 2005, 25 most influential people in the financial services industry. The ranking reflects 25 people who Investment Advisor magazine believes have had or will have the greatest influence on the financial services industry.
✼Pat McClain, InvestmentNews 2014, Invest in Others Community Service Award, presented to an advisor who has made an outstanding impact on a community through managerial contributions to a non-profit organization.
†Financial Times, FT 300 Top Registered Investment Advisers, June 2019. The ranking reflects six areas of consideration including the company's years in existence, industry certifications of key employees, AUM, asset growth, SEC compliance record and online accessibility and calculates a numeric score for each company.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.