The new game among media outlets, financial planners, and those real estate developers who put up retirement complexes is this: Scare the dickens out of those who assume they have to retire.
The latest move in that game is to discuss the possibility of the ending of the bull market. Here is the article in MarketWatch.
Well, no one rejoices at the possibility of a plunge in the value of assets in a portfolio. But that doesn't constitute a financial catastrophe for those of us who got it that we don't have to retire. Not now. Not when we hit 65. Not ever.
As we pile on the years, usually we look forward to downshifting. That is, we transition to jobs and operating businesses which don't demand such grueling hours and which don't impose such emotional pressures.
One Manhattan vice president I had coached navigated a shift to relocating to Idaho. There he learned dog grooming. For about seven months he worked as an employee in someone else's grooming salon. Then, he invested in a mobile unit to bring grooming to customers' homes. The weekly hours he puts in have downsized from 90 to 50. In addition, no longer are chief executive officers screaming at him.
Part of the fun of downshifting is that aging professionals can try out many different kinds of work as well as their own business startups. Here, free to click on and read, is my book on that Download Outwitting ageism. And, that old saying is on the money: A job gets you a job - usually a much better one.
Takeaway: Don't let anyone frighten you about running out of money. Working prevents that.
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