Pre-retirees Expectations

The MetLife Mature Market Institute and AARP Health Care options sought to examine pre-retirees’ (ages 50-65) expectations regarding their living situation in retirement and the implications for their long-term care needs. In a survey conducted by Mathew Greenwald & Associates, here are the key findings:

1. Almost all pre-retirees want to live in their own home during retirement.
2. Just over 1/3 of pre-retirees anticipate changing homes, with many planning to move to a different city or town.
3. Most pre-retirees expect they will be able to live independently during retirement.
4. A sense of community and independence both factor strongly in pre-retirees’ decisions about where to live in retirement.
5. After a preference for one’s own home, the next most popular living situations are an adult retirement community that has services and amenities or a home/apartment for people 55 and over.