Tag: Allianz Life

The way retirement is supposed to go is that you scrimp and save for decades while you are working, and then you get to enjoy years of luxurious, worry-free leisure.

But here is a little tip: Fun does not just happen. You have to budget for it.

According to new data from Merrill Lynch and Age Wave, 77 percent of retirees have hardly planned at all for their first five years of leisure activities. Two-thirds of those surveyed for the "Leisure in Retirement: Beyond the Bucket List" report have not budgeted for any travel.