Nominations are open for the AARP Purpose Prize, which honors extraordinary individuals who use their life experience to make a better future for all. Learn more.
by Blair S. Walker, From the AARP Bulletin Print Edition, October 1, 2010
When it comes to retirement lifestyle, some boomers have interesting views on needs versus luxuries.
A new study indicates 66 percent of boomers say that being able to buy birthday gifts is a need, 51 percent see pet care the same way, and 50 percent view annual family vacations as indispensable.
Financial priorities were examined in an online MainStay Investments' Boomer Retirement Lifestyle Study of 1,049 workers ages 45 to 65 with investable liquid assets of at least $100,000.
Although people have traditionally thought "food, clothing and shelter" when retiring, "boomers are expanding it to cover a much more diverse list," says MainStay Investments spokesman Matthew Leung.
Blair S. Walker frequently writes for the Bulletin's In the News section.
Please leave your comment below.
You must be logged in to leave a comment.
Get tips and resources to protect yourself from fraud and see the latest scam alerts in your state.
Members save 15% on in-store purchases of frozen yogurt, treats and apparel.
Exclusive program for members from The Hartford.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at