Statistics tell us that 10,000 baby boomers in the United States will reach the retirement age of 65 every day for the next nineteen years. Some will keep working either because their retirement savings were wiped out in the banking crisis or because they have worked all their adult lives and that is all they know. Those are not necessarily bad decisions, as long as those decisions are made for the right reasons.
When I announced to friends and acquaintances that I was planning to retire at age 62, I cannot tell you how many people tried to warn me against that idea. The reasons given were typically:
- You will be bored.
- You will lose 25% of your Social Security benefit, and you won’t have enough to live on if you live to a certain age.
- Inflation will eat up your purchase power when you are on a fixed income, and you will not be able to maintain your lifestyle.
- The cost of health insurance will eat up your life savings, especially if you become ill.
While none of those ideas are wrong, they all have one thing in common. They are all rooted in fear. Fear of the unknown. The unknown is often scary. Anyone without a sense of adventure will always seek the most comfortable, the most predictable, and the most secure path through life. This story is not for those people. My message is for any younger reader who wants to know what retirement might have in store for you, because unlike life after death, I am still able to contact you from the other side and give you a glimpse of what retirement might be like.
First, you will not be bored. Boredom is for people who never developed any interests outside of their careers. And you will finally have time to do many of the things you put off while pursuing career goals, raising a family, or seeking to fulfill your version of The American Dream. You will suddenly have time to go hiking or skiing, time to play with grandchildren or nieces and nephews, time to volunteer at a school or a shelter or a hospital. And perhaps best of all, now you will have the time to travel! All those expensive vacations you put off your whole life, other than maybe Hawaii or The Bahamas, are now a real option.
I don’t have time to be bored. I am doing things I always wanted to do and didn’t have time. I am writing for three blogs and I have a children’s book ready to self-publish. I am traveling (40k air miles in 15 months). I also just completed training to be a Certified International Tour Manager through the International Guide Academy. I am now qualified to work as a tour director anywhere in the world, and I am applying for jobs I only dreamed of when I was younger. Who knows what 2013 will bring?
If retirement is not what you think, then what is it? In a word, it is opportunity – the opportunity you have worked your whole life to experience and enjoy. It is a gift of time, something you haven’t had enough of since you were a child – time to read, time to write, time to play, and time to work at whatever you have been putting off.
You don’t have to be all that adventuresome to enjoy retirement. You just have to decide what is important and to live within your means. I accomplished this by moving outside the United States for the time being. I have been blessed with excellent health my whole life, and that is a gift I don’t intend to squander by sitting around. I still have three continents I haven’t yet visited, and I have my blog name to live up to. Part of my legacy will be that of a global explorer.