Every day the mainstream press is filled with negative reports and statistics about the dire state of retirement, retirees or reaching age 65.
US government accountability office (GAO) reminds us that many people are woefully unprepared financially for retirement.
Voya Financial found that 74% of Americans have never calculated their monthly retirement income needs.
Scott Thoma, principal and investment strategist for Edward Jones said, “when it comes to retirement savings, there’s a big difference between planning to save and actually doing so.”
A cynical voice asks, “is this bad news bled out by the monster financial services industry?” With a hidden agenda of, “trust us we will look after you”.
While these bad news headlines may add to our anxiety they don’t provide any solutions.
“Conventional thinking and attitudes about what it means to retire are changing”, says Michael Doshier, vice president of retirement marketing for Franklin Templeton Investments
Clearly, you have one of two options:
If you are stressing about running out of money in retirement, now’s the time to join the retirement revolution. Be one of the growing number of people who do not see age 65 as an end. But as a new dawn.
Not limited by how much you have. But by your imagination and your appetite for getting on with life.
Doing everything you can with what you have.
Despite some slight health creakiness, there are many opportunities. The world is full of exciting places to explore. Experience many adventures. There are new people to meet, new skills to learn and new things to do.
Enrich yourself by learning, earning, adding value or giving back in many countless ways.
Traditional retirement from work at age sixty something is a dying concept. For those people who want to live a meaningful, productive life it’s dead!
So whether your choice is to leave your job and do nothing productive till the day you die. If your choice is to pack up work and go home and watch television. Do the shopping, hack around the golf course or a daily visit to the coffee shop or pub for the next 15 to 20 years.
There are many overseas options with fantastic weather and cheap prices to soak up your time.
If the only reason you want to retire is to get away from your job then you should think about doing it right now. Find something that you want to do. Something you are passionate about. Life will be far more enjoyable and rewarding … like an early retirement.
Sinking into a state of dying is not how capable humans should be living out their lives.
For those who want to do more with less, there are many options around the world for you?
Whatever retirement means to you, you have choices. Money is important. With more money, you’ll have more choices. But choices are not the sole right of the wealthy. If you don’t have wealth you can fill the cash gap with imagination.
Finding all the retirement gems scattered around the world. Places that offer temperate weather, friendly populations, good medical facilities, personal safety and are cheap. Places where you can live comfortably on a fraction of what it costs in a first world western.
You can either accept your self-inflicted limitations or reach for your dreams.
Not driven by goals but what James Altucher calls a “theme”. He says have a theme. Build your days around your themes. I want to learn more. I want to be healthy. I want to be good to people. I want to help people feel good about themselves. I want to be creative. I want to depend on my inward self instead of the outer events that throw one from shore to shore.
His theme is to every day focus on physical, emotional, mental, and spiritual health as much as possible. He goes on, whatever your theme is, check it throughout the day ask: “am I living by my theme?”
My theme is to live a life that grows. Where I can challenge, encourage, excite both myself and others to think differently about their life in retirement. Helping others to look for opportunities and getting them to think about things they wouldn’t have.
To encourage people to have a cause, be forthright and truthful.
To have a positive impact on people’s lives and leave the world a richer place feeling you always gave your everything (truthfully not everything! as there were moments of sloth and laziness but on balance debt free).
Is the kind of life you’d like to live? Yes! then please join me by opting into my list so I can help you develop your theme? Your personal retirement revolution?