GoldenWatch

Discovering the Golden Years

This is the first sunrise of the New Millennium.

Ready to Retire

Everyone has bad days at work; days or weeks when going to work is unbearable. You hate your boss! You hate your fellow employees! All those stupid meetings. You hate being bossed and bullied. Countless stupid memos. Commuting is a pain, your life is a traffic jam;  you become convinced that you will die some day on the beltway. It is easy to daydream that you could be taking the rays on a Caribbean island, watching buxom girls strut up and down the beach. Perhaps you have thought about becoming a bullfighter or famous artist.  You could become a day trader and become an online millionaire. YOU WANT TO BE FREE!!!

 

Ok, I know that you want to retire. I have lived the paragraph above. But are you ready to retire. Reality is that there is more to consider to assure a successful retirement; like your age, your health, your financial circumstances, your family responsibilities, your part-time employment options and your outlook on life. Reality is also that many people don’t have a successful retirement. Many retire from one job and then after a short time they take a new job. With people living longer and being healthier into older ages part-time work is becoming more popular. People discover that what they really want is a different job. With retirement benefits and social security it might very well be possible find a part-time job that is much more enjoyable and still would provide enough pay to give you sufficient resources to enjoy life more.

 

Ideally you want to retire because you have a compelling agenda of things to do. You may want to work for a charity that you sincerely feel helps make the world a better place for us all to live. You might want to work for an environmental organization that is saving the planet from global warming. You might want to teach you personal skills to young people at a community college or high school. You might want to become a missionary and go to Africa to save people from AIDS. A retirement with a mission will work out much better. It should keep you mentally and physically active and in daily interaction with a many people as possible. Your mission is your new identity.

 

Why not retire? Well it might be that as much as you hate your job; your work is your identity. Or maybe your employer is strongly coupled to your identity. Suppose you work for the IRS. When you call and tell some you are calling as a representative of the IRS you instantly get the attention of the person you called. Without your job it will just be little old you calling and the force and power of a government agency or private corporation won’t be providing you with clout. Most of us have worked all our lives and regardless of how we feel in moments of high stress; our identities are closely connected to our ego.

 

Another reason for not retiring is that you will miss the people that you work with or you will miss the interaction with the customers. Retirement could be very lonely, especially if your wife continues to work and there is no one around you home to talk to. You might find yourself seeking out company on park benches or at the local Starbucks. Since you don’t really have any common goals or objectives with the random person on a park bench; communication will likely be very difficult.

 

You might especially miss your friends at the IRS or corporation. Not many people will probably be very interested in tax policy. You will feel that you are falling out of the loop. With people working more hours per week it is natural that their minds and interests center around the activities of the work location. Reading a magazine or a journal isn’t the same as smoozing with your friends. If you fear stagnation and separation from your peers; it may very well be that you shouldn’t retire.

 

Or you can try to have it both ways. Find a part-time job doing something you really enjoy and still have the freedom of more time for self directed activities. The primary theme of this web site is that a successful retirement needs a plan and that it is important to have a detailed grasp of the your retirement budget, health care options, Social Security, pensions, Medicare and most important what are you going to do on a daily basis. Doing nothing is not an option; it leads to depression, to a sense of uselessness and to a lack of fulfillment. Look into your own experience and you will identify people you know who fit this scenario. Alternately look to people who have retirements that you envy and use them as role models.

 

Find the right balance for your particular life. We will have to continue thinking about the necessary conditions for retirement in future essays.

 

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Submit essays to: Wayne R. Hudson at wrhudson@yahoo.com