I know I’m a little late to the whole ‘rethink retirement’ party, but I don’t care. Its something that's been on my mind lately. Not my retirement personally, God willing I hope to have many bountiful working years in front of me, but rather, the concept of retirement in and of itself. I’m talking about that cliché idea of kicking your feet up on a beach while sipping umbrella drinks. While that may be appealing to some folks, it isn’t very desirable to others. I’ve been in this business for over a decade now, and I’ve noticed a few things about folks who retire. It seems to me there are roughly three types of people in retirement:
- People who want to do nothing all day
- People who still want to work nearly full-time ‘in retirement’
- Everyone else in between
People who want to do nothing all day – The phrase ‘ants in the pants’ certainly applies to me. I don't think this type of retirement is my cup of tea. I know a few folks in this category and they’re totally content and happy with their lives in retirement.
People who still want to work nearly full-time ‘in retirement’ – People in this category intrigue me. They flat out love to work. They need it. While they may have retired from their job, they still need work in some capacity. These are the people you see working at Starbucks, or Wal-Mart, or a local gym, putting in 30-35 hours a week.
Everyone else in between – I think it’s pretty self-explanatory.
Alright, so why do I point this stuff out to you? A few reasons. This is something I’ve noticed about people after they retire. As I will elaborate on during future articles, (hence the Part 1 located in the title) I believe it’s crucial to figure out which type you are. Figuring this out will go a long in determining not only your happiness during retirement, but also your financial planning before and after you retire. It is my belief that figuring out which type of retiree you are should be a central tenant in your retirement plan.
I hate to use this article as a teaser post of sorts, but that’s what I’m going to do.