Here’s a thought: retirement doesn’t mean the end. It doesn’t mean an end of self-importance or purpose, it just means a new chapter—a paradigm shift of what life is beyond long days and meetings and bosses. Unless you own your own business, and even then, you are not your business. You’re not solely defined by the question, “What do you do?” But, it doesn’t mean you should stop defining the answer for such an inquiry in your retirement era.
A quarter of retirees actually think life in retirement is worse than it was before they retired. Don’t be one of those people. Let your golden years shine when you set out a vision of what you want life in retirement to be.
It has only been since the Baby Boomer generation began to cross the retirement threshold that we’ve had to seriously confront the new challenge of our longevity. Although most of us are now bracing for the probability of living 20 to 30 years in retirement (nearly double the retirement life spans of our grandparents), what isn’t quite as clear is that our actual longevity is a moving target. That is, the older we get, our life expectancy increases, and that can have serious implications for the way we plan for our retirement income.
We have all experience rush hour traffic - dozens of cars only a few feet apart, packed into 3 lanes, racing along at 65mph. NASCAR drivers get to experience this terrifying ordeal at a completely different level on the Talledega and Daytona racetracks. The cars drive inches away from each other, battling for position at speeds of up to 220mph. There is no room for error.