Monday, November 4, 2013

The Wall Street Journal Report on Living the New Retirement

On October 28th The WSJ published one of its Journal Reports called PLANNING & LIVING THE NEW RETIREMENT.  The section was delivered on Monday morning.  What a great way to start the week.  We couldn't put it down. It contained some of the most interesting articles about retirement such as In Search of a New Identity by Sydney Lagier and So-You-Think You're-Ready-for-Retirement QUIZ by Glenn Ruffenach.  The article about living to 120 was very thought provoking and the Living the Good Life column had an interesting article about The Best Job in Retirement or Not.

Too often we see articles about retirement featuring beach chairs, an umbrella and drinks with small parasols in them.  It leads people to the wrong assumption that retirement is one big vacation.  It isn't.  It is more likely a large block of time divided by ages and stages and it may very well include new work either volunteer or paid, going back to school, starting a new business, trying new things, traveling, and even continuous learning outside the classroom.   Some will be in retirement longer than they worked. It's called longevity and that is the bonus our generation has gotten.  Gerontologists predict that over 3 million Baby Boomers will live to be 100+.

Some Boomers will move out of the country, learn a new language and go on a journey of discovery. International Living magazine is filled with articles about the challenges and joys of living in a place that probably has a significantly lower cost of living.  Making retirement funds stretch is a new form of exercise. 

Reading about the possibilities that the future represents is stimulating, thought provoking, and eye opening.  It isn't scary.  What's scary is not reading about what the future may hold and planning for it.

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