retirement today isn't the end of your daily commute. the beginning of your second act. what is the key to a happy retirement? the answer to that question depends on you. for some people we talked to, that means sailing around the world or maybe moving to costa rica or starting a second career sky diving. these happy rietirees have one thing in common. planning. get this. most americans spend more time planning their vacations than planning their retirement. so where to start? know your magic number. how much money you'll need for

retirement. here is fidelity rule of thumb. eight times your ending salary for a 25-year retirement. let's say you're making 60,000 a year when you're 67 you need $500,000 when you retire. an easy trip to start building that portfolio fidelity recommends saving 1% more than you do right now. you probably won't miss it and it really adds up. back to the $60,000. you save 1% a month that is 270 a month in retirement. whatever your retirement dreams, start working on a road map to retire your way. >> to be in a sailboat and to be free is like something i've craved all my life. you get to appreciate the rhythms of nature. you've seen a whale swim aside

the boat and look at me and look back down. something you don't get in any way unless you make an effort to cross the ocean. we retired in may of 2014 and we have been living on this boat ever since. a lot of sailing when i was in my mother's womb. i know -- honestly. they to me cruising when i was a year old or so. my dad was a great sailor and my grand dad was a great sailor. it was just in my blood. i got back from a sailing company in 1985 and working for a little company just doing whatever needed to be done and ended becoming e ining cfo of t company. we were able to put 25% of her income into a 401(k) and it was a means of an end and that means supporting sailing trips. >> when we were dating he had just gotten this boat. i loved being on the water. we could go for weekend cruises and stuff and it was great and

beautiful. he is always such a good sailor, i always felt safe. >> we had known each other for ten years. finally, she had the sense to go out on a date with me! we got married in 2001 and took a three-year sailing trip. my father died in 1999. that was a big momentous thing in my life and reminded me life is short and you got to go do the things you wanted to do so i ended up buying this boat a year after. last year, i think lenny was getting close to turn 60 and just said if we want to go sailing again, we better do it sooner rather than later so we said, okay, let's go. so there is a lesson that lenny and i, the night we got engaged on an airplane. in our excitement, we made a list of all the places we wanted to go to. gosh, it looks like we have been through about half of them so

far. >> yeah. >> we retired in may of 2014 and on june 6th, we sailed from may and took 13 days to get there and left there on august 5th and sailed nine days right up to england. we came to hip switch and folks said why would you want to go there? we came here and said this is a lovely little town. has a great little market and a beautiful swimming pool. it's just nice to be able to walk into town and buy your produce at the market and just have that kind of small town feel. our ultimate goal was to get to norway. here we are. we are set up nicely so this may we will start working our way up the east coast and sail as far north as we can and, hopefully, getting up to the arctic circle and the islands in norway and then work our way back. you never can be scared because you can't be scared for 30 days nonstop and what you do is you just break it down and take just

one wave at a time. you don't worry about tomorrow, you don't worry about yesterday. >> max fletcher climbed the corporate ladder to enable his trip around the world. but civil servants can make their retirement dream a reality too. just ask rich grimm. he spent his career running into burning buildings as a firefighter and now he spends his retirement jumping out of airplanes. >> my first jump in 1980, we are over this corn field in ohio and out of a little cessna 82. i was in the plane and an older gentleman in front of me. he climbed out on the strut to hold on. as he let go, wham! right there i was in mass panic and i was so scared and i thought this is the stupidest thing in the world. i was holding on with a death

grip. he said go, go, let go! i let go and closed my eyes and big old world war ii parachute opened up. then i looked down and i thought, wow, this is pretty cool. my name is rich grimm. i'm a retired firefighter from ontario, california. now i jump out of airplanes. as you get older and running into burning buildings gets a little more painful, so i started thinking about changing go gears and retiring from the fire department and starting a full-time sky diving center. most firefighters have a retirement system. when i turned age 50, after 31 years, i receive a pension. it allowed us to pursue our dreams. pursue my dream. not my wife's dream, let's say. during my fireman career, i was sky diving recreationally as a hobby. i thought maybe i can turn this crazy hobby into a full-time

business. and then when i retired in 2010 we started a full-time sky diving center for first-timers and experienced sky divers in oceanside, california. then we do these once a year awesome sky diving trips somewhere cool in the world. it just snowballed. no pun intended, it's one of those things i fell into. we are here in costa rica. one of our yearly trips. i'm not going to move into some senior citizen gated community. i want to be jumping out of airplanes as long as i can and having fun so it's a pretty good retirement gig. it's not just about jumping out of the airplane. it's about jumping the airplane with somebody. to come here with my friends from around the world and make sky dives with them in an exotic location, you know, for me it doesn't get any better than that.

♪ >> coming up, a former hnhl player hangs up his skates and picks up a whistle. sometimes romantic. there were tears in my eyes. and tears in my eyes. and so many little things that we learned were really the biggest things. through it all, we saved and had a retirement plan. and someone who listened and helped us along the way.

because we always knew that someday the future would be the present. every someday needs a plan. talk with us about your retirement today. or wonder whether i shouldthe seek treatment.f hep c. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up to 99% of patients who've had no prior treatment. it's the one and only cure that's one pill, once a day for 12 weeks. certain patients can be cured with just 8 weeks of harvoni. with harvoni, there's no interferon and there are no complex regimens. tell your doctor if you have other liver or kidney problems, or other medical conditions. and about all the medicines you take including herbal supplements. harvoni should not be taken with any medicines containing amiodarone, rifampin, or st. john's wort. it also should not be taken with any other medicine that contains sovaldi. side effects may include tiredness and headache.

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[burke] but not for something like this... [burke] talk to farmers and see what gaps could be hiding in your coverage. [sfx: yeti noise] ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ according to a recent gallup poll, most americans retire at the age of 62. but for athletes, they are lucky if they can extend their career into their 30s. former nhl player jim montgomery knew he could not stretch his

hockey money into old age, so for him, a second career was a necessity. >> hearing your skates glisten off the ice and push forward and hear the snap of the ice break away underneath you and then the competitiveness of trying to get that puck first against an opponent, to feel that with your brothers and your best friends on the ice is something special. i wish everyone could experience. i'm jim montgomery. i was a professional hockey player for 12 years. and i retired and now i'm in professional hockey coach at the university of denver. you know what i was in grade eight, they gave us the opportunity to have intramural floor hockey teams. i stayed more on the sidelines and made the substitutions and feel who played well with who at which times in the game. i played professional for 12 years and six of those in the nhl. >> in front. score!

jim montgomery was all alone! >> it's very hard as a professional athlete in a second career to find anything close to the passion you had when you were a professional athlete. after your playing days are done that is when you find professional athletes go into depression the first couple of years. that transition into your second career is the most important segment of your life. well, you got to make sure that you're responsible. that you don't spend needlessly. you have to be very disciplined and have the ability to say no you have a nest egg to carry you through whatever your next year is. i knew coaching was going to be my next career. people don't open up their arms like they do when you're a professional athlete so it made sense to me in coaching i had to volunteer or make very little money my first couple of years coaching. as a coach, you're trying to impart on these young men so that they can enjoy that brotherhood together and you're more of a father figure.

how you help them grow individually as people will help ensure that they have great careers in whatever path they choose. >> if your career is the time to make your money and provide for your family, then retirement is the time to pursue your passions. iris rido spent decades in finance but headed to wine country for retirement. >> i never imagined owning a winery. there are two different types of businesses here in the valley. it's either you're raising horses, or you're growing grapes, and i don't ride horses and i drink a lot of wine! my name is iris dippo. i was born and raised in new orleans. i spent my adult years in california and i moved here to

this beautiful valley of san e nes and now i enjoy fine wine and beautiful food. there was always hustle andle. my years in new orleans, that sunday dinner was always about being in the kitchen with my grandmother helping her to get the food to the table. there was always this wonderful, beautiful antique vase of red wines that her father made. and the kids all got a little small glass of wine. they probably put water in it at the time. but i've been drinking wine since i was 5 years old! in 1980 i game california state director for a national pension planning company. so that's really what launched my career and how i made my money and di that for another 20 years. and it was at that point i decided it was time for me to start looking to retire.

so i got in my car by miyself ad left los angeles and drove up north and when i got to the valley, i said this is it. this is where i want to live. this winery property came on the market just at the time when i was getting ready to retire. and i thought, why not? i was 59 at the time. i just had so much more life in me. everybody makes wine in the valley. you have to have something different and you have to give people an experience. and so i started cooking in the kitchen making my gumbo and jambalaya like my grandmother used to do so when you walk in this house, you feel like you're at grandma's house. i'm on the floor with my staff

powering win pouring wines. i just enjoy people. they call me the rock star! at my age, i'm a rock star! ha ha! you never know about life, you know? ♪ up next, a jingle writer finds harmony in retirement. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. mine hurt more.

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base, and i loved it then and i love it now. i am retired and i sing in a barbershop quartet. i was a single writer for 30 years. the jingle business started in 1955. that was cjor, and that was in toronto. that was pretty good stuff. we were pretty good back then, you know. it was like heaven. go to work, sing, get paid for it, and what could be better? you have to plan ahead. that's all there is to it. we did not have any pensions or any 401(k)s, and we were all independent contractors, so we wound up saving 10% of, you know, everything. kind of saw the writing on the wall, and my wife said, you know, i would like to move to

colorado. at some point, the jingle business was winding down, and i thought it was the perfect time to retire, let's do it, so we did it. saturday evening post was the name of the group. ♪ ohh ♪ >> we just reformed about six months ago, and they said, well, if you move here, you want to sing base with our quartet? i said, well, yeah. each member has to be at least 55. i skew up the age so we have a comfortable total. ♪ >> we have the current 2015 international seniors quartet champions, and there are quar t quartets that form a bond that are stronger than brothers, and i think saturday evening post is one of those. ♪

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and i didn't get here alone. it's been a journey to get where i am, and i didn't get here alone. there were people that listened along the way. we all imagine the perfect someday. let's do more than dream about it, because every someday needs a plan. >> according to the aarp, 90% of the retirees prefer not to relocate, and for others like this couple, adventure calls.

>> it's in costa rica central valley. >> i never managed living anyplace other than the united states. >> we pretty much feel like home is where you make it. >> we are david and marcia murray, and we are living in the beautiful mountains in costa rica in beautiful retirement. both, dave and i, worked for the state of michigan for close to 30 years. >> nothing you can do, and it's a matter of buying your own freedom. we bought 3 1/2 acres of

farmland already planted in coffee, and here we are. >> our houses are surrounded by coffee plants. >> the coffee itself is beautiful. it holds the land, and cultivating the coffee provides work and income for some of our neighbors. >> three times a year they come and they pick the coffee, which then they sell to a co-op here. >> there seems to be good research that says learning a second language as you get older keeps your mind sharp. i think that same thing may apply to going to an entirely different environment. it's a challenge, but i think that's refreshing.

>> we definitely have more friends here than we ever did at home. here, you make the effort to go out and you have the time. i am enjoying myself, and that's retirement for me. we love it. this is home. the costa rican greeting means pure life, and for the most part, living in costa rica is that. ♪

-- captions by vitac -- www.vitac.com > p a traffic st. pnow tnow the suspected co are in custody. this is cnn breaking news. good morning, everyone. i am alison kosik in for christi pa paul. >> two police officers are shot and killed in the line of duty. authorities say that the offirs