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Seven Reasons NOT to Retire
By JLP | June 7, 2006
U.S. News and World Report has an interesting article titled Seven Reasons not to Retire. The seven reasons, which are also links to other articles, are:
1. It literally pays to work, and money can buy peace of mind – If times are tight, any additional cash flow can be a great thing. But, can money really buy peace of mind?
2. The economy may face a shortage of qualified workers – This is something Jeremy Siegel talks about a lot in The Future for Investors
3. Working can boost your health, keeping you active and sharp – This makes perfect sense to me. As far as the mind goes: use it or lose it.
4. Your marriage may profit from a little less togetherness – I’m sure this is one of the biggest adjustments for retirees. Maybe some “alone time” is a good idea.
5. Without those pesky E-mails, you’d feel a loss of connection – I can understand this. Heck, you spend 30 – 40 years around the same people and then all the sudden you aren’t around them any more. I’m sure retirement drives a lot of people crazy.
6. You can use this time of your life for a whole new beginning – Personally, this is what I think retirement should be all about: finding yourself. For instance, one thing I would like to do during retirement is build furniture. I don’t have the time or space to do it now. So, that is something I would to do once I retire. I would also like to teach classes at the local university.
7. Work may add meaning to your later life – I agree with this one too. Instead of retiring to a rocking chair, go out and DO SOMETHING. MAKE A DIFFERENCE! Besides working, there are tons of volunteer organizations that are in need of volunteers. I’m also certain that your local church could use help.
Good stuff! Check it out.
Topics: Retirement Planning | 3 Comments »
June 7th, 2006 at 2:42 am
If #4 is a problem for my wife, I can always go to the pub instead of the office.
Doing something new (whether or not involving work) is a good way to keep yourself healthy – both physically and mentally.
June 9th, 2006 at 9:42 am
[...] I’m forty years from retirement but JLP discusses seven reasons why I shouldn’t retire. [...]
June 10th, 2006 at 11:13 pm
Your marriage may profit from a little less togetherness
I remember when my father retired, my mother (half jokingly) said that she married him for better or for worse, but not for lunch everyday.
GaryP
http://money-and-investing.dogberrypatch.com/