![]() ![]() In the past, some advertising and various books sought to motivate people to plan for retirement with basic scare tactics: “Will you be able to afford retirement?” “You can’t depend on your pension.” “Social Security is going away.” ![]() Rather than focus on the traditional view of retirement – stopping work and living a life full of leisure – the authors focus on retirees creating ideal lives for themselves. They believe this approach will keep them young, mentally healthy, and with a sense of purpose.Ī number of recent books advocate this new philosophy of retirement. Two of the best are “What Color Is Your Parachute? for Retirement,” by John Nelson and Richard Bolles, and “The New Retirementality,” by Mitch Anthony. Most often, our clients approaching retirement age are not considering a traditional retirement at all. Instead, they plan to transition to a different phase – or phases – of their lives, often seeking to do something different, exciting, and enjoyable. I’m pleased to say that today’s typical retiree has little interest in the “rocking chair scenario,” and, to that end, we financial planners need to consider factors beyond straightforward accumulation of wealth. Stereotypical retirement plan: Accumulate as much money as possible – it’s all about finances. Stereotypical retirement: After 30-40 years of work, a rocking chair on the front porch - the iconic picture of leisure. ![]()
0 Comments
Leave a Reply. |