Posted on 09/03/2018 5:55:10 AM PDT by proxy_user
No problem.
The study found two groups of retirees. Those who "retired" retired and didn't do anything but rock on the front porch.
The other group were those who took up other careers or maintained hobbies that kept them active and/or did things, like traveled, volunteered and tried new endeavors to stay busy.
Not hard to see which group had more deaths. On average, the first group died within 5-7 years of retirement at relatively young ages. They lived a sedentary lifestyle and drank and smoked like they had in the service.
The second group was still active and thriving years after retirement because they didn't look at retirement as a stopping point but merely as a changing phase in life.
My dad told me before he passed that to retire just meant you could just stay on the "road" longer. But don't stop, he said. Keep moving down that road and someday it will just end. He stayed busy until the day he died. He died packing his car for a trip from Arizona to California to visit a friend at age 82.
At age, 70, I'm afraid to stop keeping busy. I'd drop like a fly if I sat on my arse all day.
A CAR IS PENNIES COMPARATIVELY AND CAN BE PAID FOR IN CASH ... YOU'LL ALWAYS BUY FOOD AND PAY UTILITIES, BUT THAT DAMNED MORTGAGE (OR WORSE, STUDENT LOAN)
Aw JIT, I left caps on .... sorry
I retired at age 61. I am so heavily booked, I can’t see how I ever had time to go to work.
What?
5.56mm
My own observation as well.
One of my relatives “retired” (company closed) at 59, and his life from then till he finally died in his early 70s was one of minimal activity and a slow mental downward spiral. His spouse retired the year after his death, in her late 60s, but she got active in her local senior center (exercising every day, serving on committees, even teaching classes) and right up till undiagnosed cancer took her a few years ago she was still in decent (outward) shape and sharp as a tack.
Myself, I was laid off from my job several years ago, and before I went back for another degree (and back to work) I spent much of a year doing very little after the daily job searches. I recall thinking to myself more than once “if this is what retirement is like, screw it, I’m gonna work till I drop!”
Step 1. Start with 2 million.
How to retire with a small fortune as a restaurant owner:
Step 1. Start with a large fortune.
You’ll be broke by 40 with just a million dollars accrued.
A million dollars is the new middle class.
“Written like either a youngster who isn’t familiar with economic cycles, or someone working in the financial sales industry.”
All I said was a decent brokerage account will get 8-10%/year. What is childish and ignorant about that? It is a fact. Its what I’ve been getting. No, I am no financial whiz, nor am I all that young, relativly,
I am not 30 but old enough to have watched the first moon landing.
I knew my salary was not going to make me rich so I bought stocks and so far the best has been Nvidia. In the last 2 years I made almost 4.5 times what I started with. Bought at $62.25 and sold at $274.00. I knew it was going to keep going up but I want to get rich quicker.
In January 2016 it was about $27
I bought in August 2016.
I sold this past week and I bought AMD at $25
It had been $9.54 in April this year and jumped nearly $16 in the past 2 weeks. If I bought in April I would have been a millionaire.....
Right now the stock has to get to $47 for me to be real happy. I am hoping it performs like rival Nvidia and I end up well off. I will see what happens end of October with their quarterly report. Hope good news then I can relax.
bmp
You have to have something to look forward to and to get up for every single day, you have to keep active doing something, anything and you have to like what you're doing, whatever it is.
I'm beyond wanting many more "things" other than to enjoy the end of the ride with my family from here on out. My wife and have been gathering our brood closer by so we can be part of the grand babies growing lives.
For me, doing things I never thought I could or would do after open heart surgery and two knee replacements, etc is satisfying. Raising cows, getting sweaty and dirty in the manure, repairing fences, building sheds and repairing the barns and tractors is a whole new lifestyle for my wife and I in our "retired" years.
Livin' life instead of waiting to die. Keeps ya' young until it comes to an end.
Yup.
You got me. Maybe they bought insurance.
Steve Martin:
First, get a million dollars.
Does FML money count?
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