Why Do People Have Such Different Ideas About Retirement?

My latest for Alpha Baskets looks peoples’ divergent views on retirement (when, how, if). This is obviously a multi-faceted topic, or dilemma that everyone has to figure out at some point and of course sites like this one and many others devote a lot of time the topic as many people spend time studying, planning, calculating, dreaming and occasionally going back to the drawing board.

From the post;

This type of conversation is logical to have in a social setting (one was at dinner in San Diego and the other on the trail here in Walker) starting at some middle age. If you are in your 50’s or older and reading this then you probably know what I mean.

Please click through to read the rest of the post.

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The picture is from the ghost town of Lowell which is near downtown Bisbee, AZ.

3 Comments

  1. Roger,

    I think the problem that most people have a problem with is defining retirement, to me-retirement means financial independence and spending my time truly doing what I love every day and having meaningful amounts of time with the ones I love, usually this does not occur at the workplace. One has to ask themselves when enough is enough (net worth and assets). Is it a million dollars? Is it five million dollars?…or is it $700,000 with no debt a small home, part-time job, and serious amounts of time with your family. You see-I think this is where the definition gets a little fuzzy.

    In the end, we really only have one life and why not focus on making retirement about having time for what we really love, which quite frankly is family, friends, and fun…unless work is considered higher than those three….

    Just some thoughts.

    Joe

    Reply
    • Joe,

      I am much closer to the $700,000 with no debt a small home, part-time job, and serious amounts of time with your family camp but there is value in engaging in some vocation (as you allude to in your comment) and as far as serious family time, I am coming from an unusual place as both my wife and I work from home so we get to experience that now which we are very grateful for.

      Reply
      • Roger,

        Thanks for the reply. What you have is exactly what everyone should strive for….good stuff, indeed.

        Regards,

        Joe

        Reply

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