A Holiday Wish List for Retirees

December 16, 2021


The end of the year brings many holidays—Hanukkah, Christmas, and Kwanzaa to name a few. Each may come with the opportunity for one to build a “wish list.” What if there were a “retiree wish list” written by financial professionals? Below is an example of what that wish list might look like.


While maybe not as exciting as a child’s toy wish list, the retiree wish list can create long-term benefits for the retiree.

1. A Solid, Long-Term Plan

Today, a newly retired, 66-year-old couple might easily have more than 25 years of retirement. Michael Stein, author of “The Prosperous Retirement: Guide to the New Reality,” writes that a solid plan that encompasses Go-Go, Slow-Go, and No-Go years might be the difference between just retirement and a fulfilling retirement. A solid plan will allow for more activity—and perhaps more income—in the Go-Go years. As the Slow-Go years approach, both ]managing income and maintaining a home safe for those with mobility issues becomes important. The No-Go years should be a time for rest and reflection, without financial concerns and with comfortable surroundings.

2. Enough Lifetime Income and a Strategy for Inflation

Retirees need both lifetime income AND a plan for inflation. The predictability of lifetime income improves retiree financial confidence. In turn, this improved confidence can help a retiree’s willingness to invest for growth—an important way to manage inflation. With both pieces in place, the combination of consistent “paychecks” and the potential for “pay raises” in the future can better support today’s longer retirements.

3. A Coach to Keep You on Track

Most athletes—even at the highest level—have a coach. Why? It would make sense that a world-class skater or basketball player could avoid that expense. But, here is what these world-class athletes know: A coach keeps you on track and makes sure you don’t forget the basics. In addition, a coach identifies minor injuries or problems and addresses them before they become serious. A retiree needs a coach as well. Retirement is a long game. A retiree who keeps to the plan and has support in managing problems will likely have better success.

As you review and consider this year’s retiree wish list, you can share it with clients to remind them that a solid plan is a gift to their retirements. And that with the guidance of a great financial coach, their retirement goals can be more than a wish.


For more information about retirement-planning, please contact our Retirement Strategies Group at RSG@PacificLife.com or (800) 722-2333, ext. 3939. PacificLife.com


This material is provided for informational purposes only and should not be construed as investment, tax, or legal advice. Information is based on current laws, which are subject to change at any time. Clients should consult with their accounting or tax professionals for guidance regarding their specific financial situations.


This material is educational and intended for an audience with financial services knowledge.

Picture of Pacific Life Annuities

Pacific Life offers a broad and diversified range of products and solutions designed to help individuals and families achieve asset growth, sustainable retirement income, and long-term financial independence. We also help businesses manage and fulfill their long-term retirement plan commitments to employees.

Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. 

Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company. Variable and fixed annuity products are available through licensed third parties.

No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency

For financial professional use only. Not for use with the public.