Planning for retirement? You need to also plan for your longevity. And your lifestyle choices will play be a big role in your longevity and satisfaction in retirement. Mike Drak, author of the new book Longevity Lifestyle by Design, returns to The Retirement Wisdom Podcast for an enlightening conversation on how to upgrade your retirement planning.
Delaying retirement? Many of my clients are. But they’re using this time to get a jump on their future.
You could wait until you retire and ask What Now? – and then scramble – or drift. Don’t be that person. Instead, start now and design your new post-full-time work life.
Find how how the Designing Your Life process (developed by Bill Burnett & Dave Evans at Stanford) can help you unlock a new direction. Apply the same principles of design thinking that Nike and other leading companies use to design your future. Learn more about my One-on-One coaching and small group programs. Take the first step toward your new life today – schedule a call.
Mike Drak is the author of his third book Longevity Lifestyle by Design: Redefining What Retirement Can Be. After a thirty-eight year career within the financial services industry, Mike Drak experienced what he has now termed “retirement shock”. As a result, Mike spent the next 6 years doing research about retirement which resulted in his best selling book “Victory Lap Retirement” based on his realization that full stop retirement doesn’t work for most people.
His second book “Retirement Heaven or Hell: Which Will You Choose?” shares some of Mike’s personal experiences in retirement and highlights how people can design and transition to their own unique retirement lifestyle. This book also outlines the valuable retirement lessons learned from the pandemic and introduces nine retirement principles that can support creating a long, healthy and fulfilling life.
Along with being a best-selling author, Mike is also a public speaker and retirement lifestyle designer. He has received awards for his writing and you can find his articles at Booming Encore.
For More on Mike Drak
Podcast Episodes You May Like
Win the Retirement Game
(It Might Just Be the Most Important Game of Your Life)
What Readers Are Saying:
“Definitely the best book I’ve read on the non-financial aspects of retirement.”
“…the book is amazingly readable, and chock full of insights.”
“This is a great gift for anyone anticipating retirement years”
On Why People Fail Retirement
“I believe it’s just that they have the wrong beliefs about retirement. They don’t fully understand what’s coming their way. Many people think it’s just a financial situation. If you have enough money, you’re going to have a great retirement. And that’s not true. Many people think transitioning to a successful retirement will be easy. What can be hard about retiring? But it’s one of the hardest things you can do. And it’s one of the most stressful events that you’ll go through, too. People don’t realize that. People think when they retire, all their problems are magically going to go away. Well, guess what? They don’t. As a matter of fact, you’re going to have even more problems. And that’s what concerns me. How I read about the Great Resignation, all these people bailing into retirement early. And I’m going, I don’t know, you better, you think this thing through. And I expect a lot of these people will come back out of retirement because they’re going to find out it’s not right for them. You have to put a lot of thought into it. You have to educate yourself and you have to prepare. And preparing takes a long time, if you want to do it right. The decisions you make about retirement are going to impact the next 30, 40 years of your life. So you want to get it right or you’re going to have problems. And who wants to be miserable for 30, 40 years?”
On Longevity & Lifestyle Choices
“Research has shown, and this really woke me up when I read the research, that longevity is impacted 80% to 90% by your lifestyle choices. Which means we can control how long we’re going to live. Well, we can reduce risk. Now there’s always going to be a Black Swan event that might hit, maybe you get hit by a car or you get cancer or something like that. But we really can mitigate the risk and really increase the odds of us living a long and happy life. And so when I knew that, I said, Wow, okay. this is when I have to start looking at that and start planning for it. And that was again, one of the reasons why I decided to attempt this Ironman thing. One of the things is get healthy again. Right? Health is so important. And then I list seven other inputs that will increase your chances of living longer and better than most people. So I was very excited when I saw that. And then I noticed that a lot of these bad things are reversible. And that was music to my ears.”
On Why Work Can Be a Key Part of Retirement
“I believe that work – the right kind of work – work that you love to do, could be like a fountain of youth to you, a source of longevity, a source of happiness. And the happiness and longevity connection is very powerful. And so what you want to do is find or create work that you love to do. And it can either be paid work or unpaid work, but it gives you real good reason to get out of bed in the morning, Something to look forward to. Like early in our working years, that’s how we felt. And then it changed and now we can get back to doing that thing. So, I love to help a lot of people and I get excited about projects. I’m working on this new book project. I’m getting up at 4:30 in the morning. I don’t set the alarm, it’s just, I get excited and I get out of bed and I have all these ideas.”
About Your Podcast Host
Intro and Outro voiceovers by Ross Huguet.