Retirement Wisdom Blogs

June 21, 2017

Living a Regret Free Life

By Susan Williams Over the last year or so I have talked with many people who shared with me that how they currently were living was not what they really wanted to do. Whether it was pursuing a different profession that would allow them to be more creative or wanting to help other people more or even a desire to feel that they were making a bigger difference in the world – they all had one thing in common. They were talking about doing something different but were not actually taking steps towards doing anything about it. It made me wonder […]
June 17, 2017

“Glowing” Lessons from Baseball and Dads

by Denis Wuestman Over 50 Years Ago Flashback – July   1964.   I was just starting to really like baseball as a young kid growing up in Brooklyn, NY. It was July 7, 1964 – the day the All-Star Game was being played at Shea Stadium (home of the NY Mets back then).   I remember parts of that day vividly some 50+ years later. Here’s why… That morning my father woke my brother and I and asked if we wanted to go see the game in person. Well, you can imagine the excitement! Since we had no tickets we had to […]
June 15, 2017

So, What Do You Do?

By Joe Casey We’ve all heard this question. It’s a simple one. This is not of one of life’s most challenging problems. But it can be an instructive part of your transition to retirement. It’s really about giving yourself time to adjust to – and to own – a new identity. Are We What We Do? We tend to answer that question effortlessly. ‘I’m an accountant.’ ‘I’m a carpenter.’  ‘I’m a teacher.’ Or ‘I work at Global Mega Corp.’ We describe ourselves by what we do for a living or where we do it. In our society, a lot of […]
June 12, 2017

Finding your Retirement “Rhythm”

by Denis Wuestman What comes to mind when you hear the word rhythm as it applies to aspects of your life or job?   Baseball pitchers would likely express a feeling of command and control of their pitches. Basketball players may look at this as their shooting consistency and accuracy. When they are getting good results, they are in a “groove”, focused and directing their energy in a positive way. Most likely, they are enjoying the moment. Liken this to your personal work or life experiences.   Can you remember a time when you were in a good rhythm or recognized it […]
June 8, 2017

Are Distortions Standing Between You and an Awesome Retirement?

By Joe Casey Across the street from my office is an excellent ice cream shop (that I avoid like the plague). It has an old-fashioned funhouse mirror that distorts your image as soon as you walk in. Beliefs about retirement can have that same effect. By retirement, we’re not talking about the gold watch at age 65 followed by days filed with golf, CNBC and walks on the beach. We’re talking about today’s “retirement” – the time when you’ve achieved enough financial independence to leave ‘the grind’ behind and transition from your primary career to your next chapters. While it’s […]
June 5, 2017

Why the Silver Tsunami is More Like A Constantly Overflowing Bucket

By Susan Williams You’ve more than likely heard the term “silver tsunami“. This metaphor is frequently used to refer to the very large number of aging baby boomers and the anticipated impacts that this will have on society. It creates quite an interesting image. You can just imagine this massive aging wave starting to build and then being unleashed on the world. But I read a really interesting post the other day by Professor Vernon on the University of Manchester website which made me consider this idea. His post was about how people were aging and the impacts it will have on society. There […]
June 2, 2017

Had (almost) Enough? How A Bridge Job Can Be Your ‘Do It Yourself’ Phased Retirement

By Joe Casey If you’re of a certain age, your thoughts may be turning to retirement. Not tomorrow, mind you, but you can envision a time when you’d like to be doing something else. Lately, you find yourself musing ‘I’m too young to fully retire, but I’ve had just about enough of the grind.’  You’re not ready to ‘hang ‘em up’ yet, but maybe it’s time to scale back on work and enjoy life more. Maybe it’s time to slow down a little, without completely stepping off the carousel – yet.   Having Too Much Fun? You like the work […]
May 26, 2017

Is Retirement Another Chance to Change Your Major?

By Joe Casey With graduation season in full swing, you may be wondering What do college and retirement have in common? Okay, probably not.  But there are some interesting parallels that may change how you view retirement. Big Transitions College and retirement are among the most significant transitions many people will navigate over their life course. Both involve navigating uncertainty, exploring options and making decisions that chart a course forward. Undecided is the Default Setting Estimates are that up to 50 percent of students entering college are undecided about their major course of study. For many, the first year or […]
May 25, 2017

You’re Not Retired – You’re on Vacation!

by Denis Wuestman Last week I had lunch with a good friend of mine who is between jobs. We talked about his job search and time off and he expressed how much he was enjoying this period of time. He got my attention, when he said that he “could easily get used to being retired”. I couldn’t help but laugh as I said to him: “that’s because you are not retired – you are on a long vacation – don’t confuse the two”. We bantered back and forth on this for a while as he insisted that he could easily […]
May 18, 2017

Why Knowing Your Ikigai Is So Important in Retirement

By Susan Williams Do you know what your ikigai is? Ikigai is a Japanese term used to refer to reason for being or another interpretation is “the reason to get out of bed in the morning”. Back in 2009, a team of researchers from Japan released the results of a study on the affect that ikigai had on aging. In their research of over 73,000 people, what they discovered is that those that answered “yes” to whether they had ikigai or not had a lower mortality rate years later than those without it. It makes sense. If you feel your life has no […]
May 16, 2017

Couples Considering a Move in Retirement? A Shared Vision Can Help!

by Denis Wuestman Probably one of the most difficult decisions individuals and couples face when they retire is if and when they will move from their primary residence.   Many factors impact this including financial, family needs and health to name a few. For couples, a unified vision of life in retirement can aid this big decision. 3 Key Questions Aside from financial preparedness for retirement, this is an area that many of my colleagues struggle with soon after they retire. Here are a series of questions I like to ask when this topic comes up: Why do you want to […]
May 13, 2017

Are You Ready to Play in the “Gig Economy” in Your Retirement?

By Joe Casey Retirement is clearly changing. For decades in the U.S., it was commonly seen as a period of leisure following a long career. But today, work is playing a larger role in retirement. And it is for a variety of reasons, some driven by economics and some by the pursuit of satisfaction – or a mix of both. There’s a strong desire for options that provide more flexibility, reduced hours and a gradual transition to an exit from work at some point – a way to scale back from the grind, but stay engaged, too. However, policies which […]
May 6, 2017

How Clear is Your Retirement Vision?

by Denis Wuestman If you want to go somewhere it helps to have a plan to get there. Seems to make a lot of sense, as I am sure we have all planned or have been involved in the planning of a trip, celebration, or a work related project. They all have something in common – a destination, maybe not in the physical sense but in the context of achievement. When we approach a retirement transition, planning for our next “destination” can take on a new meaning. Retirement is not something we “complete” but rather a series of destinations or […]
May 5, 2017

Will You Retire like the Jetsons?

By Joe Casey If you are of a certain age, like I am, you grew up watching the Jetsons. It was fun to wonder what would become part of real life in the future. Since we’re now in the future, let’s see how things are stacking up – and what you should factor into your planning for retirement. While it’s a good bet that you’re not retiring with the Spacely Sprockets pension plan, many Jetsonian visions have already come to fruition. You may have a smartwatch. You probably talk with family and friends on FaceTime. Is that a Roomba I […]
April 28, 2017

What’s Going On? Three Things You Can Do to Help Your Relationship in Retirement

by Joe Casey In their article “The Gray Divorce Revolution”, the researchers note that the rate of divorce among older Americans 65 and over, has more than doubled in recent years – in contrast to the divorce rates in younger groups which decreased or remained flat. Multiple factors are contributing to this trend. Life spans have increased and perhaps more time provides more opportunities for conflicts – or more time for partners to feel like they have grown apart. Cultural norms have evolved and divorce is much less stigmatized and more readily accepted today. As shared tasks change over the […]
April 26, 2017

Mindset – the Path to Growth in Retirement

by Denis Wuestman In helping organizations create better and more efficient work models, one thing that I help them focus on is the mindset shift that has to take place for changes to stick. While this sounds a little “soft” what I am referring to is the fundamental belief that there is always a better way to do your work AND, as a direct result, for people to grow and expand their knowledge and skills. If they think and “act” that way, then will succeed. In the book “Mindset” by Carol S. Dweck, PhD [i] she identifies the benefits of […]
April 20, 2017

Turn the Page!

by Denis Wuestman Lessons from the Boomlet Generation! Did you ever watch a young child play with a book? I have had the pleasure of watching a one year old display tremendous curiosity as he looks through his favorite books over and over again. Watching a young child learn teaches us many lessons. Very young children often have their favorite toys and books that they seem to be able to play with over and over again and experience the same joy as if they saw it for the first time. While I don’t pretend to understand the developmental aspects of […]
April 19, 2017

6 Traps in Planning for Retirement and How You Can Avoid Them

by Joe Casey In life, knowing what to do is important. But in retirement planning, it’s what not to do that counts. In fact, if you want to ensure a smooth transition into retirement, knowing the traps to avoid is even more important than knowing exactly how to approach that phase of life. Here are six common pitfalls that wise retirees manage to sidestep, and which you should try and avoid, too. Thinking It’s All About the Money We’re constantly bombarded with a steady drumbeat of articles in the media and in advertising from financial services firms telling us to put away […]
April 13, 2017

Keep on Peaking!

by Denis Wuestman What does reaching your “peak” in life mean? A recent article in Business Insider (March 16, 2017) [i]shared some interesting information relating to this topic that got me thinking. In short, the article said that human beings continue to peak well into their middle and older ages. Whew – that’s good! There are many examples of this in our world today from the guy in my local super market who at the age of 75 is working to push carts around the parking lot to some notable celebrities such as the Rolling Stones and Tony Bennett.  They […]
April 12, 2017

The Headwinds Older Workers Face: 5 Strategies That Can Help

by Joe Casey Two realities are on a collision course. A survey by Bankrate found that 70 % of non-retired respondents plan to work into retirement – and to work as long as they can. Financial necessity is a big reason, but 26% of responded that it’s because they really like to work. Another 19% answered that it was a combination of needing to work and wanting to work.[1] Trying to Look Younger – and It’s Not Working That’s one side of the street. Then there’s the other side. Its’s tough out there, people. An article in Bloomberg Businessweek, chronicled […]
April 6, 2017

Retirement – A Balancing Act!

by Denis Wuestman Balance is an important concept in many aspects of our lives. Let’s look at a few where we hear the word and where practicing the “balance principle” is likely good for us. Riding a bike – this one was my earliest recollection of balance. Anyone who has done this knows that you need to master balance in order to enjoy riding. Diet – eat a “balanced diet” was something that I heard early on in my life. Supporting this were phrases like – “everything in moderation”.   In visiting a nutritionist years ago this balance principal was at […]
April 1, 2017

Yes, Jimmy You Can Retire – If You Really Want To…

by Joe Casey Jimmy from the block. You know him. Or someone like him.  Always a step or two ahead. Smartest person in the room.  (At least according to him. I’ve personally never had that experience. Sometimes I wonder if Jimmy should spend time in some different rooms). Jimmy is well read. He stays on top of things (he’ll tell you). He is convinced that he’ll never retire. The concept of retirement is ‘so 20th century’, he says. It’s pure folly for anyone to even think about ever retiring today. Retirement is over – for all of us. We will […]
March 28, 2017

Lesson on Staying Relevant and Not being a Bore in Retirement

by Denis Wuestman Have you thought about the importance of not becoming a bore or irrelevant once you retire? I wanted to share some thoughts on this and will likely have a part 2 etc.…. Baseball trip Lesson My awareness of this started a few years ago when I had the extreme pleasure to spend some time with a vibrant 80 year-old man during a baseball spring training excursion. He was a friend of a friend and we were introduced over dinner.   On this same trip was my 25 year-old nephew.   We both spent a lot of time with this […]
March 27, 2017

What Will Your Retirement Video Be Like? Three Tips from Matt Bonner.

By Joe Casey What could you possibly have in common with a 36-year-old 6-foot-10 NBA player? Retirement. His most likely arrived earlier than yours. However, he went out with a nice flourish – a Retirement Video. https://www.youtube.com/watch?v=sW2DRe_g8qA Matt Bonner is a professional basketball player, who just retired from the San Antonio Spurs after a 12-year career. While he was never a ‘star’, he was a deadly 3-point shooter and played on two NBA championship teams. He also has a great sense a humor (his blog is titled ‘The Sandwich Hunter: The Quest for the Hoagie Grail”). When he decided, it […]
March 12, 2017

Saying ‘No’ is a Key Part of the New Retirement Skill Set

by Joe Casey 4 Steps to Say No Gracefully, but Firmly It’s said that nature abhors a vacuum. You can see that principle at work with the schedules of new retirees. Free space will be filled fast. Sometimes you can become busy with commitments that may not be the right ones for you. One of the surprises new retirees report is that they quickly become much busier than they expected – or wanted – to be. Suddenly, they find themselves as busy as they were before, just with a different mix of activities, but driven too much by other people’s […]
March 12, 2017

After Family/Health/Wealth – the Next Top 3 Priorities for Retirement

by Denis Wuestman As you get closer to making the transition from your main career to your retirement stage  you may wonder what your most important priorities should be. Among the top three things that likely enter your mind are: 1) will I have the financial resources to help me live the life I want to live? 2) will I be able to maintain good health? 3) will my spouse or partner and I be on the same page as to our goals and dreams?   Arguably, these are very important areas to deal with as one contemplates retirement. Let’s assume […]
February 25, 2017

Will Your Personality Change in Retirement?

By Joe Casey While passing by and seeing this title, my wife commented, “Let’s hope so.” Oh, well. Our personalities were previously thought to develop early in life through childhood, adolescence and early adulthood and then remain fairly static. Now it appears that certain aspects of personality evolve later in life. Does Your True Personality Become More Apparent in Retirement? “As individuals age, they become increasingly like themselves…the personality structure stands more clearly revealed in an old than in a younger person.” (Hooker, 2002). Retirees often reconnect with passions and interests they had earlier in life, and now have time […]
February 25, 2017

Coaching is Not Just for Sports

by Denis Wuestman How many of us have watched a sports coach, been coached by a sports coach or coached a sports team? I would think that you would fall into one of these categories.   So, in sports, coaches play an important role as they very often are responsible for organizing a team, creating a strategy for how a team executes, adjusting the game plan, running practices and instructing individuals to become better at what they do and how they contribute. Sports and Life – Some Parallels Sport mimics life in many ways, at least for me. In sports, there […]
February 17, 2017

Three Lessons from the Second Acts of US Presidents

By Joe Casey This President’s Day weekend, let’s put politics aside and look at what we can learn from the experiences of three recent US Presidents in retirement. Barack Obama has multiple options he’s pondering for his second act. After leaving office at 55, he may perhaps have a third act as well. While he’s thinking those over let’s look at what he – and we – can learning from three of his predecessors. Different Ages Three of the last six US Presidents left office at ages considered to be early retirement in other works of life. Bill Clinton was […]
February 16, 2017

My Thinking About Retirement Needed an Adjustment

by Denis Wuestman There was a time not long ago that I had created for myself a picture of what it would be like to stop working – commonly referred to as “retirement”.   I convinced myself that I would find great pleasure in not having to get up early, commute long distances and have little time for relaxation.   In fact, I created a vision of what my days would be like but my vision became fuzzy when I realized that the activities I planned would occupy so little of my time, and it got me thinking.  So I looked to […]
February 14, 2017

What’s Your Back Up Plan?

by Joe Casey It’s a cornerstone decision: “when do I want to retire?” This question is quickly followed by another: “when CAN I retire?”.  It’s wise to add a third question: “What if the timing isn’t up to me?” I’ll Never Retire If you listen to all the chatter out there, you’ll soon come to the conclusion that none of us will ever be able to retire. Indeed, a recent study by Willis Towers Watson found that almost a quarter of Americans plan on delaying retiring until 70.¹  And a Federal Reserve study found that 38% of Americans plan on never […]
January 9, 2017

What NFL Players Can Teach You About the Transition to Retirement

by Joe Casey The ratings may be down this year, but that hasn’t stopped NFL football from being the most viewed sport in the US, drawing an average audience of over 20 million people. And its popularity is being fueled by an increase in women following the sport. ¹ So it stands to reason that fans like me might find parallels between the NFL and real life. The game is, after all, a persistent force in American culture. But, as much as I enjoy being an observer of cultural behavior, especially when it comes to football, I’m actually on a mission […]
January 9, 2017

A Key Step in Preparing for Retirement: Build Your Social Network

by Joe Casey As you get closer to retirement, are you thinking more about your health? I know I am. Perhaps you’re focusing more on wellness and fitness lately. Have you seen the flurry of recent articles alerting us that sitting is the new smoking? Indeed, there are real dangers to our health if we aren’t moving enough throughout the day. But this isn’t about smoking or fitness. I’m fairly confident you know about the health implications of both. I want to share with you another risk to our health that researchers have identified, and which doesn’t receive as much press. […]
January 9, 2017

Are You Ready for a Gap Year?

by Joe Casey Our youngest daughter left for college this fall. Last spring when she was considering her future path, she came home one day excited that one of her friends would be taking a Gap Year. The ensuing conversation turned out to be an eye-opener for me, because it changed my whole outlook on what happens during gap years. And surprisingly, this led me to think differently about life at the other end of the career spectrum from my daughter’s: retirement. But before I share my epiphany and how it could affect your retirement plans, I’m going to go back to that initial moment when my daughter […]
January 8, 2017

Time Rich: A Big Investment Opportunity in Retirement

by Joe Casey Just a half a mile to go. I was about to accomplish a goal that was years in the making – finishing the Boston Marathon. Suddenly, I could not take another step. I had fractured my left hip. I was wheeled off the course, taken to the medical tent and then in an ambulance to the emergency room at Mass General Hospital. I had surgery first thing the next morning. Then the verdict: On crutches and restricted to the house for up to 12 weeks. No running for a year. While in the hospital, a client called […]