A great article on retirement. After 12 years of retirement, I would add “Stay healthy and interested.” Finally love the final quote on this article; “Money can’t buy happiness, but neither can poverty.”
As has been stated in this space, last June 8th I worked my last day at Buchanan High School. Actually, it was my last day of work anywhere. Not counting working the two sessions at Michael Jordan Flight School in Santa Barbara. Although that’s not really working since it’s the only time of the year I get to see old coaching friends from all over the country, e.g. Florida, Ohio and Louisiana. Sure there’s a ton of responsibility but since each of us has done the job for over ten years, it’s more of a feeling of “Old Home Week” than anything else.
Then there’s also my baby gift business (CuteBabyNameGifts.com) which would be considered work but, luckily, I have incredibly talented artists who do the real work. I keep the books and come up with innovative ideas but it’s more fun than work. More orders would be nice but that will come when the word gets out. Note: That’s a hint for you to either order a gift or tell everyone you know about the business. Or both.
The main reason for this blog is to speak on behalf of retirement. If your working life has been managed right, there’s nothing like retirement. My wife (who is retiring at the end of the calendar year) and I have been working over 40 years. Each of us has a pension, as well as both of us having contributed to social security (I’ve lived in nine states and have to admit I thought everybody had social security withdrawn from their check – until I got to Fresno) and we saved money and made investments, some good, some bad. Actually, some really good and some really bad. If you were to follow that strategy, you’d be in the same financial shape we are, i.e. have enough money to continue living in retirement as you did prior to it.
Someone asked me just yesterday what I thought of retirement. My response was that it is wonderful. If there’s something you don’t want to do, you don’t do it. If there’s something you want to do, go after it. Once 2013 comes around, we’ll be traveling to Monterey to watch our son, Alex, play college basketball. Every game. Following the season, it’s “travel-time,” including the cruise we’ve been talking about for years. Retirement is the ultimate freedom.
I asked our financial guy if we had enough money to live as we pleased and his remark was, “Sure. As long as you die by December 15.” Just kidding! My wife gets a little antsy when I tell that story.
Here’s my advice: Work hard. Spend but also save and someday you’ll be wealthy. At least wealthy enough to retire right. Leo Rosten had the right idea:
“Money can’t buy happiness, but neither can poverty.”