Definition of retirement: - to remove from view; withdraw from society.
The title of my post and is the title of a book lent to me by my investment/insurance/retirement annuity broker. I have been dealing with the same broker for more than two decades and on Tuesday took the Italian leprechaun, who had some money to invest, to see him.
My broker has done very well for himself, and he has clients all over the country, advising people how to make sure that they have enough income when they retire, yet he is totally anti retirement. His argument is that while you still have your wits about you and your health, why sit at home and vegetate. (how much golf can you play!) His other argument is that less than one in five people in this country have enough money to retire comfortably. This is equally true of most of the developed world. Most government sponsored retirement schemes any where in the world are basically bankrupt, so they are no help.
This man has more than enough money to retire but says he enjoys his work so much that there is no point in retire and vegetating. A view of his back garden,(right into the trees) in a suburb of Durban where properties run into millions, not just in local currency, but US $ or any other you care to mention.
Below are some quotes from this book by David Bogan and Keith Davies.
Checked your forehead lately?
See a use by date?
No? Then why on earth are you worrying about retirement?
Retirement will last for decades, not a few short years as was once the case.
Delete 'retirement' from the software of your mind, drag it kicking and screaming to the trash.
The harsh reality is that most people are saving less than 1 percent of their disposable income. And that's everywhere worldwide.
Retirement is a modern invention.
The people who can afford to retire don't, those who can't do.
The last quote is particularly true, Bill Gates and Warren Buffet never talk about what they are going to do when they retire.
"A crucial component of any crises plan is being prepared, and retirement certainly isn't an unpredictable issue. You've known about it for years because you've had a lifetime of programming to volunteer yourself for this crises of your own making". p 14.
Banish the word 'retirement from your vocabulary.
"There is no greater manifestation of retirement shrink than the final new car. You know the one. That little car that will "see you out".And for goodness sake sake don't go anywhere in that new little car. You never know, it might not 'see you out'.
Sound scary? Can you believe people actually do this to themselves? Well they do - like moths to the flame. The new little car subconsciously becomes a mobile coffin, and every time the proud new owner sits in it, they'll be thinking: 'This is it, my last car ever, I only hope it will see me out.' Is that you? Are you planning to be the proud new owner of a little car to see you out?' pp 32 - 33.
Retirement is a modern concept, the idea that you are now worthless and have nothing more to contribute to life, it's not part of human nature. Work is what we were designed for, not sitting in some retirement village staring at nothing, or worse still the TV.
Pottering about in you workshop doesn't cut it, that's not work. Bluffing yourself that non-stop travelling will give meaning or purpose to you life does not work either. Only work fills that gap, and we willingly agree to declare our selves worthless and retire. (see definition above)