Rock Your Retirement Show

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Aging takes place against a backdrop of grief. It’s the little losses and then the larger losses Today my guest is Stephanie Raffelock. Stephanie wrote a cute inspirational book called, A Delightful Little Book on Aging. I read the book and I absolutely loved it!  How Did the Book Come About? The book sort of came about on accident for Stephanie. She was writing for a website and she got feedback from women all around the world. They had told her that they too were experiencing this kind of shift in their lives as they were entering into their 60’s, 70’s, and 80’s. Stephanie began to see that there are two ways to navigate the waters of aging. One way is to embrace the years, the strength, courage, and nobility that comes with growing older. The other way was to simply say aging sucks, I don’t like it and I’m going to fight it for as long as possible.  She collected and compiled many of the essays and articles she had written to put into this book. It’s not a how-to book, it’s not a self-help book. It is a book of personal essays of personal experience of navigating the waters against a backdrop of grief, reclamation, vison, and laughter.    The Monkey Bar Incident Stephanie’s husband had clients in town, and they lived near a lake at the time. They decided to walk around the lake and all around the lake they have little exercise or play areas. So, one area might have swings and then you walk a little bit further and there might be a jungle jim. Then there is a spot that has monkey bars.  Stephanie remembers the monkey bars from when she was little, and it was her favorite thing in school playground swinging from bar to bar. She didn’t know what got into her that evening, but she put her hand on the ladder and climbed up the first bar. She swung to reach the other bar and then she fell! Embarrassed as her husband and his clients ran over to see if she was ok. Stephanie's husband asked what were you doing? She knew what she was doing, she was trying to be young. There was this moment of realization that her muscle tone and connective tissue were not the same as when she was younger, and it was not going to be the same. That athletic prowess of one in their 30’s, 40’s and even 50’s ceases to be. There are things that fall away from us. There are little losses. Aging takes place against a backdrop of grief. It’s the little losses and then the larger losses.  Grief It puts us in a unique kind of situation to live in these times. A time of coronavirus where we are all living against a backdrop of grief. As an older person, Stephanie knows what it is to feel vulnerable. Now the whole playing field has been leveled so society is feeling vulnerable. Stephanie knows how to navigate vulnerability. You embrace it. You realize you don’t have control over everything and you also realize that grief is a bridge. It’s not like an end result, it’s not a place to get stuck. It’s a bridge to something new.  The idea of allowing one’s self to feel deeply and to cry is something that is not on the surface. That’s something you do in private. Or as Stephanie's mother used to say “don’t air your dirty laundry”. I think it’s a real shame that we don’t have a container for grief in our culture where people can cry about what’s going on because in the tears is this great soul bath. It’s this great releasing of those things so that you don’t have to carry the weight of the burden of sorrow with you. The way to unburden your self is to let yourself cry and then you get to move on.  Gratitude I asked Stephanie how to start the process of gratitude and she knew exactly when she started. Stephanie had a friend in Arizona who was a woman from India. She had told her about her mother who never got out of bed without saying thank you before her feet even hit the floor. And something about that captured her. So Stephanie began to experiment with that.
Today we're talking once again with Fritz Gilbert. He came on our show last year after he retired. And we invited him back to tell us how it's been going two years into retirement. Fritz was on episode 198. So if you haven't heard it, go back and listen to it, it might be surprising to find out what's changed. Creating a Retirement Jar Fritz created a retirement jar before he retired so he and his wife could put whatever they want to do during retirement. That helped them think for a year before retirement about the softer side of what are they going to do in retirement. And just going through that mental exercise of thinking of activities, probably paid more benefits than anything else through the process. Also, it made them aware, because you're constantly on the hunt for something to do in the area, so you can add it to the jar. Inevitably, they've done a lot of things that probably each of them put in the jar without actually pulling the paper out of the jar. When looking for things to do, it has led them to do some activities that they wouldn't have been aware of. There's some tremendous benefits as a result of doing it. Don’t Get Over-Committed in Retirement Fritz was thinking about joining rotary but ended up not doing that. Part of the balance in retirement is not getting over-committed. He's starting to feel a little bit of commitment pressure and was doing a little bit too much. Fritz was starting to get a little bit of stress about keeping up on his blog and emails. So what happened, he has been intentional now on being very selective about what he gets engaged in and being more willing to say no. We've got to be careful with our time and make sure we really get the most out of these precious few years that we have when we're financially independent, and young, and physically able to do the things we want to do. Les and I did kind of the same thing when we moved to this 55 and older community where we live, which has over 100 clubs, over 100 groups. We decided that we weren't going to join every club that we were going to hold off on joining until after we've been here a year. Struggles in Retirement The most important thing you can do to minimize your chance of going through depression, loss of identity, it's almost a grieving process for some people. And based on the research, the most important thing you can do is spend as much time as possible before you retire, thinking about what you want your retirement lifestyle to be. As strange as that sounds, that's proven time and time again as being the most important thing. When you have had no time to plan for retirement, you didn't really see it coming and suddenly, you're retired. Those are typically the cases where people can really go through a tough time. Retirement is a Rare Opportunity Retirement is such a rare opportunity to do something for the first time in your life. Since you were, you know, in kindergarten, probably you've always had people telling you what to do. You've always had to do what you've had to do for the paycheck. Now, that's all behind us and what a golden opportunity to do something for non-financial reasons, just because it's something that you're passionate about, and yeah, it's kind of hard. To figure those things out, passion is one of those kinds of nebulous words of purpose. But the people that are really successful like Fritz’s wife with Freedom for Fido, those are the stories that we should strive to replicate because that really is living a ...
We Try to Convince Ourselves... Most of us thought that happiness is linked to our accomplishments. We convinced ourselves that we’ll find contentment in life when we have an ample amount of money or buy those luxury bags, clothes, or cars that we’re longing for. But the truth is that we can create that feeling of happiness and contentment right now, regardless of any circumstances. Today, Barbara and I will share with you how to come to a place of contentment, in spite of everything that's going on.
If you are a new listener to the show, we have a lot of back episodes where you can find information that you're looking for. But starting with Episode 239, which was three episodes ago, we started following the life of Barbara mock. This is section one of this one year project, there will be 12 sections, which we will release on a monthly basis, so be sure to subscribe.
Give Yourself Something to Look Forward To Sometimes having something to look forward to is more valuable than any money or deposit you might lose. In terms of retirement planning,  Barbara has been listening to all kinds of webinars and seminars that her employer offers. When you're in work mode, these things go past you with these emails and training and classes and you just let them go by and it's kind of like when you're pregnant, you all suddenly see all these other pregnant people. Now that Barbara's on the road to retirement, she's seeing all these opportunities that she didn't pay attention to at work. Every month, there's training and classes that are offered, but there's always one about preparing for retirement. Now there's zoom. She's learned more about deferred compensation and more about Social Security. And then there was one that really aligned with the Rock Your Retirement program where it wasn't anything about money, rather it was about creating your personal definition of retirement. The presenter was talking about the steps of retirement, the stages of retirement, how important it is to redefine who you are, and just the different approaches. The time Barbara's spending in either reading or listening to the Rock Your Retirement podcasts or these classes is just really helping her form an idea of what her life is going to look like in retirement.
Barbara and Kathe discuss Barbara's "practice retirement" which is a vacation she took at Priest Lake. For full show notes, go to http://RockYourRetirement.com
Barbara Mock is getting ready to retire. Here's what's happening. Follow her journey over the next 12 months.
Kathe pops in your feed to tell you about the new format of the Rock Your Retirement Show.
Update 8/3/2020:  We are changing the format of the show.  Stay tuned.  We will still be releasing at least monthly but you are going to LOVE what's coming!! (Also if you added a comment here earlier, we had a computer blip that affected this post.  It wasn't you, it was us.  Sorry about that). I […] The post Not Exactly Goodbye… appeared first on Rock Your Retirement.
If you are living in a multi-generational household or considering it, you must listen to this series. Last week we discussed the pros and cons of multi-generational living. Today, we are talking about tips for living in a multi-generational household. Multi-generational living means a single household that includes family members of several generations, grandparents, parents, […] The post How Multi-Generational Living Will Work Ep 235 appeared first on Rock Your Retirement.
If you are living in a multi-generational household or considering it, you must listen to this series. Last week we discussed the pros and cons of multi-generational living. Today, we are talking about tips for living in a multi-generational household. Multi-generational living means a single household that includes family members of several generations, grandparents, parents, and children, all under one roof. Was once a cultural phenomenon, has slowly become a national trend. For some families, it’s about caring for aging parents, others have adult children returning home. Also, for some, it’s a cultural expectation. And others have adult children that haven’t left. Learn to Deal with Conflict It's tough from the spouse’s point of view. For Tae’s part, you can't be as a direct daughter-in-law it's hard for his wife to talk to her father-in-law like, “Hey you two you need to clean this up.” Time’s a little bit different, all of us have to contribute in a multi-generational household. To avoid any kind of conflict down the line, Tae would rather do the work upfront. Tae’s wife is not living with her parents, she's living with his parents. So, it's very important to recognize, appreciate, listen to her concerns about a multigenerational household, without being judgmental but just kind of hear her out. Set Boundaries Tae’s family shares a community fridge. Everyone shops at their own timeline and then everybody was just kind of stuff their own things in different sections of the refrigerator. There was this time when Tae’s wife was going to cook and couldn’t find the carrots that they just bought. This is one of those items where you know it keeps coming up. So what they did to fix this problem was they labeled parts of the refrigerator saying, okay this my section, this is the grandma section. We don't go into each other’s sections and everyone's got their own section. We have come up with the system of separating parts of the refrigerator and then just reinforce it on a regular basis. Even Though You're In a Multi-Generational Living, You Still Need to Prioritize Privacy It is recognizing that everyone has their own personal space in the house and one of the things that helped out was having separate spaces within the house. Tae’s family has their own little community area where they can have their television and just sit on their couch. They lay out the things that they want, not getting into each other’s space as regards to like who left the newspaper here or who left tissues here. It’s a place where we can create our own mess, they can create their own mess, and we're not getting into each other’s space. That was very important for them. Split Expenses, Where Possible When Tae’s family decided to cohabitate, Tae would take over the mortgage a majority of the utility expense. His parents thankfully said they would take care of the electric bill and the phone bill. So, to clear things up, they said they would take care of the gas bill, the water bill, the mortgage, and then you guys can get take care of the phone bill and the electric bill. Food is a little interesting because they don't have clear agreements. Tae and his wife would go and do their own shopping at Costco for what they want and then for his parents they would purchase what they want. In a Multi-Generational Living, Going with the Flow Conflicts are going to happen on a weekly basis just because when you have four adults living in the house.
Are you living in a multi-generational household or considering having your parents move in? Do you take care of aging parents as well as your own children? Do you know someone who is having challenges with caring for their parents? If any of these situations are yours, then this series is for you. If you’re asked to picture a typical American home, you’ll probably imagine a single-family dwelling holding a mom, dad, kids, and maybe a family pet. That picture isn’t as typical as it once was. Today’s family home may also house grandparents or a young adult or two. Multi-generational living is a term used to describe households in which there are at least two adult generations in residence. Two types of multi-generational living are becoming more common in recent years; two-generation households, where adult children live with parents, and three-generation homes, where there are adult children, parents, and grandparents living under the same roof.
Are you living in a multi-generational household or considering having your parents move in? Do you take care of aging parents as well as your own children? Do you know someone who is having challenges with caring for their parents? If any of these situations are yours, then this series is for you. If you’re […] The post Is Multi-Generational Living for You? – Ep 234 appeared first on Rock Your Retirement.
Are you living in a multigenerational household or are you considering having your parents move in? Do you take care of aging parents as well as your own children? Do you know someone who is having challenges with caring for their parents? If any of these situations are yours, then this series is for you. […] The post Challenges for the Sandwich Generation -Ep 233 appeared first on Rock Your Retirement.
Are you living in a multigenerational household or are you considering having your parents move in? Do you take care of aging parents as well as your own children? Do you know someone who is having challenges with caring for their parents? If any of these situations are yours, then this series is for you. In other countries, the sandwich generation is a cultural thing, and it has been passed on from generation to generation. Therefore, it’s a given. But is it necessarily a bad thing? There is nothing wrong with caring for family members. In last week’s episode, we spoke about what the sandwich generation is and what issues you may face if you are taking care of both your parents and your own children. Today, we’re talking about six lessons for the Sandwich Generation. Now Tae and I didn't get through all six of the lessons in our conversation but they are all listed below Get to Know Everybody’s Finances Growing up as an immigrant family, Tae’s parents didn't know anything about retirement savings, and money wasn't discussed in his household. Tae said when his parents moved in they didn't have a formal sit down but he does have a sense of his parent's financial situation. His father has a small business where he generates a little money from that, but both of his parent's main source of income is Social Security.  He also knew that whatever money that had saved was really the down payment that they had for this home. So his parent's offer was we will help you with the down payment for your home bu you know, that we come with the house and you guys take care of the majority of the overall expenses. The conversation of finances can be tricky because there is a fine line between knowing everything about your parent's financial situation and still respecting his parent’s independence and their decision making. So, definitely, by living together, they were able to have more natural organic conversations where he learns more a little at a time. But he doesn’t know if he could sit down with that and be like ‘alright, let's learn everything'. Understand whose money it is Just because you are responsible for paying all the bills doesn’t mean it’s “your money.” If you can have your parents make some of the financial decisions that is the best way to go. Also, if you have children living with you, make them pay their fair share for certain things. Even if you are able to afford to shoulder the cost alone. Many experts suggest that grown-up children who return to the nest post-college should pay their parents for a portion of the household expenses. “Otherwise, they don’t grow up to be independent. Seek out the right professionals and organizations for help You don't have to do it alone! Unless you’re a financial and legal wiz — and an ace social worker to boot — there’s no way you can manage the myriad affairs of your life, let alone your parents’ lives. If you haven’t already, you’ll want to consider working with a financial adviser for everything from retirement to college planning. You’d also be surprised how much direct help you can get — or referrals to professionals — through government programs or nonprofit organizations. (Best of all: A lot of these resources are free.) A great place to start is your local Area Agency on Aging (these are programs funded through the federal government Find good care If your aging parents need extra care, get help! In the article, the author writes: If there’s a single professional who’s made the greatest difference in my life — and my father’s life — in the past couple of years, it’s the caregiver who spends about 35 hours a week with him.
Adults in their 30s – 50s have parents age 65 and older and are either raising a young child or financially supporting a grown child. With an aging population and a generation of young adults struggling to achieve financial independence, this stress takes a toll not only on personal relationships but also affects the relationship […] The post The Sandwich Generation – Episode 232 appeared first on Rock Your Retirement.
Adults in their 30s - 50s have parents' age 65 and older and are either raising a young child or financially supporting a grown child. With an aging population and a generation of young adults struggling to achieve financial independence, this stress takes a toll not only on personal relationships but also affects the relationship with their spouse, children, and family. But living in a sandwich generation can also provide you with benefits. If you're living in a multi-generational household, you must listen to this series. In today's episode, we'll talk about what exactly is the sandwich generation and what issues are you going to face if you're taking care of both your parents and your own children. My guest today, Tae Kim, is a blogger. He writes about navigating the intersection between personal finance and being part of the sandwich generation. Tae and his wife live with their aging parents while raising their own children and building their careers.
Some baby boomers are moving to and retiring in Mexico. They are doing this not just to save money, but to have a better retirement lifestyle. I talked with Travis Scott Luther who wrote a book called The Fun Side of the Wall: Baby Boomer Retirement in Mexico. Travis completed a thesis in 2010 about baby […] The post Baby Boomers Retiring in Mexico- Episode 231 appeared first on Rock Your Retirement.
Some baby boomers are moving to and retiring in Mexico. They are doing this not just to save money, but to have a better retirement lifestyle. I talked with Travis Scott Luther who wrote a book called The Fun Side of the Wall: Baby Boomer Retirement in Mexico. Travis completed a thesis in 2010 about baby boomers retiring in Mexico. He received a lot of inquiries about the subject so he decided he would write a book. Unexpected Findings From 2007 through 2009 we were going through that global financial crisis. It was during that time Travis has found this small group of expats in Mexico. What he was most curious about is why anyone would want to leave the United States.  After all, the United States was the best country in the world with the best of everything. His gut told him that perhaps people who might be struggling financially in the US would consider retiring in Mexico to stretch their budget. Maybe they could live more comfortably in Mexico. What he found, was quite to the contrary. The person most likely to move to Mexico was actually a high-income earner. Upper middle class if not upper class. Also highly educated. So what he found was that it wasn't people who were low income but rather people who thought more about their money and some who wanted to even retire early. Baby Boomers who move to Mexico retiring on average 5 years earlier than their US counterparts What about Medical Care when you are Retiring in Mexico? One of the reasons Les and I did not move out of the country and live abroad is because Les was concerned about medical care. Since beginning this podcast, I have talked with many people who live in the US but who go to other countries, including Mexico, to have certain medical procedures done. Travis talks with people who are living in the US and wanting information on retiring in Mexico.  He says that medical care is a very common question and concern people have.  What he discovered is that there are a number of routes to enroll in Mexico's public health system. You can do it through work or if you're not working, you can enroll through residency. Medical enrollment is actually very easy to acquire versus other countries. He says people who are living in Mexico reported that you might have to wait a bit longer to receive care for a non-emergency standard appointment. However, the standard of care you will receive is comparable to the United States. The Language Barrier Travis found that the baby boomers who moved down there had really dove into the culture and learning the language. In a lot of the communities that he visited there is no shortage of at least one expat happy to help you navigate the language barriers. There are also many English speaking Mexicans who have lived in these communities for generations. They are fluent in both English and Spanish. According to Travis it really isn't hard to get around. No one should be fearful of the language barrier and letting it get in the way of retiring in Mexico. Plus, we all have Google translate now at the tip of our fingers. Retirement Lifestyle in Mexico When Travis first went down to Mexico in 2007 for his research, he discovered that the folks who moved to Mexico usually had some kind of personal relationship with a friend or family member who already lived there. So people were much more likely to move if they have some social ties that already existed. In his more recent research, he found that people were more likely to move to Mexico on their own without knowing a single person. Travis attributes this to Social Media and the internet and our ability to keep in touch and form relationships online now. The people that Travis spoke with told him what initially attracted them to the move was the cost savings. However,
Love is a complex word, which we will be talking about today, specifically finding love during your senior years. Our guest speaker Dr. Joan Bragar has helped successful women use online dating to find a loving life partner. She wrote the book on it called, “Never too Late for Love: The Successful Women's Guide to […] The post Finding True Love in Your Senior Years -Ep 230 appeared first on Rock Your Retirement.
Love is a complex word, which we will be talking about today, specifically finding love during your senior years. Our guest speaker Dr. Joan Bragar has helped successful women use online dating to find a loving life partner. She wrote the book on it called, “Never too Late for Love: The Successful Women's Guide to Online Dating in the Second Half of Life.” She was certified as a relationship coach and she herself met her husband on Match.com and got married at age 62. So she knows what she's talking about! Meeting Someone Online Dr. Bragar got divorced at 58. She's the kind of person who actually likes to live in companionship and love. That is why she knew for a fact that she wanted to remarry. It was her son who was 32 and single at that time, who encouraged her to meet someone online. She'd never heard of it. Her son encouraged her to just try it and she at least thought she would test the waters and try it. Not knowing the person you are dating is one difficulty you encounter when dating online. It is also more difficult to check them out through other people since you don't belong in the same social circle or community. So the four safety rules must be practiced. You don't give your phone number to anybody; you don't give your whole name out, meet someone in public, and only meet for coffee, not for dinner. Practices in Online Dating: Meeting the Right One in Your Senior Years PRACTICE ONE: SET YOUR INTENTION This practice is more of an internal practice. Set your intention and decide what you really want. This is something you need to do before you go online dating. Some people just want to meet casually and meet lots of different people. Others want to be in a committed relationship. It's important to know what you want first, and this takes a bit of work and reflection. There are questions in the book of Dr. Bragar that you can ask yourself to know what you really want at this time in your life. You don't have to tell the person on the first date what you want, but you need to be clear without telling everything. Dr. Bragar also mentioned not to interview the person on a first date. You are just getting to know somebody and it is important to know if you enjoy talking with this person and if you're comfortable with them. However,  it's also important to get to know someone if you're going to choose to live your life with them. Dr. Bragar was able to meet 40 men in 2 years before meeting the right one. Her husband showed up right before her 60th birthday. She made an intention that she would call him by her 59th birthday but that didn't happen. So she made another plan to call him before her 60th birthday. Joan had had a few dates with two other men that didn't feel right and had she not made the intention to call her current husband before her 60th birthday, it may have never happened. She most likely wouldn't have tried again and probably would have taken a little break from dating after the two men that didn't work out. She checked on the profiles of some men and she tried meeting them because she learned that you couldn’t tell much about people from an online profile. You actually need to meet someone in person to get a really good reading on them. So, as she exchanged one short message with her husband, she agreed right away to meet when he asked her to meet at Starbucks. They both understood that unless they met someone in person, they didn't know anything. PRACTICE TWO: LOVE MUST COME WITHIN YOU If you want to have love in your life,
I wanted to let you know what the future is for the Rock Your Retirement Show. If you have listened to the episode where I discussed my traumatic event, you’ll remember that I’m re-evaluating my life. This event was life-changing for me. If you haven’t listened to the episode, and you are interested, just go to Episode 209. Since this traumatic event, I decided I wanted to scale back on some of my workload. I have already announced to my remaining financial planning clients that I’ll be retiring from financial planning on 12/31/2020. Although I partially retired from financial planning in 2015, I continued to work with my favorite clients. With Covid-19 affecting so many of our lives, I’ve had additional time to reflect. In my time of reflection, I have discovered that I need to make some further changes. And those changes affect the show. Since 2016 I have been paying to host the show. Although I’ve added some advertising it has never supported the show. In fact, my affiliate link provider has indicated to me that I’m not getting enough click-throughs, so they want to start charging me as well! So, if I continue to run ads it will actually cost me money!! It has been a tough choice however, I have decided that after we run all the shows we’ve already recorded, I’m going to take a break and we will stop doing our weekly episodes. It costs me about $150 per month to keep the show going, and my revenues are nowhere near that amount. The only way I can continue on a regular basis is to get some listener support. You can support the show at a $3 per month basis if you’d like. If a small percentage of my listeners did this, then I will get the $150 I need to continue weekly episodes beyond 07/06/2020 when our last weekly interview is scheduled to be released. Don’t worry though, even if I don’t get the support I need to continue on a regular basis, I’ll still pop in sporadically to tell you how I am doing. So, stay subscribed so you get the notifications. In case you’re interested in supporting the show, here’s where you can do it: http://RockYourRetirement.com/Support Your friendship over the last few years, and support of the show and me personally, means the world to me. This post of Retirement and Retirement Lifestyle first appeared on http://RockYourRetirement.com
I wanted to let you know what the future is for the Rock Your Retirement Show. If you have listened to the episode where I discussed my traumatic event, you’ll remember that I’m re-evaluating my life. This event was life-changing for me. If you haven’t listened to the episode, and you are interested, just go […] The post Not Exactly Goodbye…. appeared first on Rock Your Retirement.
Are you still working even though you are able to retire if you wanted? I started the Rock Your Retirement show in 2016.  Since then it has been downloaded over 220,000 times. Potential sponsors have reached out to me.  And I've been asked many times why I started the show. It started as a personal project but has grown to much more than that.  But since you asked, I'll try to explain it. I believe in the FIRE movement.  In case you haven't heard of it, FIRE stands for Financially Independent, Retire Early. I've had good examples of this. My dad was able to retire when he was fifty but kept working until he was fifty-five to provide more of a cushion. So I've seen people in my life retire early according to US standards. And he was so glad that he retired when he did.  He and his wife were able to travel the world for many years.  They were spending our inheritance and we didn't mind.  Literally cruises around the world that lasted for months.  They were Rocking Their Retirement for sure. He taught me to save 10% of my income no matter what.  Save it for retirement. So I did. And I became a financial planner and tried to teach others to do that also.  But honestly, most didn't.   I had more money saved and invested than most of my friends.  While my friends were buying new cars every few years and drinking $15 glasses of wine at expensive nightclubs I was being frugal.  Squirreling money away for a rainy day. But there wasn't a FIRE movement when I was younger. I was weird.  No one could understand why I didn't want to buy a new car.  When I found the FIRE movement I was shocked.  Many of these young people are saving 30, 40, or even 50 percent of their incomes.  I hadn't even thought about that.  But even if I had, I wonder if I would have retired. I could have retired many years ago.  If you look at what the FIRE movement says, which is to save 25 times your living expenses, we are way beyond that.  But I'm still working.  And I don't know when I will stop working. I've been self- employed since 1990 so I don't work for “the man”. Many people in the FIRE movement use the word retirement to mean that they stop working for someone else. I'm using the word retirement to mean stop working for pay.  Not to use the income you bring in for living expenses. And that's not what's happening. Is it because I'm self-employed that I can't retire?  I asked some other people who can't seem to retire the same question.  Why do you continue to work? Julia Menez of Geobreeze had this to say: At first, my husband and I didn’t even realize there was an official name like “FIRE (financial independence retire early)” to describe the direction of our lifestyle. I spent my early twenties studying for actuarial exams and rarely made time to go out to parties or restaurants, so my salary largely ended up in savings. Even after I finished up exams, we lived a frugal lifestyle since I enjoy cooking at home and our main source of entertainment is traveling for next to nothing through travel hacking. My husband and I are both fortunate enough to have high salaries; we live off of the lesser of our two incomes and invest the rest. As our net worth grew, we discussed the idea of early retirement, and how we might spend our time if we quit our day jobs. Neither of us even disliked our jobs — I had just landed my dream role at work and leaving the workforce after only a couple of years as a credentialed actuary felt like a waste of all of that exam effort. However, the idea of FIRE was fascinating, and we figured having a high savings rate couldn’t hurt. We already lived off of one income; we could even live off of just our investment income if we moved to a lower-cost area. To test out the early retirement lifestyle, I transferred to a full-time work from home arrangement. That first year of working from home in Boulder,
Are you still working even though you are able to retire if you wanted? I started the Rock Your Retirement show in 2016.  Since then it has been downloaded over 220,000 times. Potential sponsors have reached out to me.  And I've been asked many times why I started the show. It started as a personal […] The post Why Can’t we Pull the Trigger and Retire? appeared first on Rock Your Retirement.
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Podcast Details

Created by
Kathe Kline and her guests discuss Retirement Lifestyle, not money.
Podcast Status
Active
Started
Mar 4th, 2016
Latest Episode
Dec 28th, 2020
Release Period
Weekly
Episodes
546
Avg. Episode Length
About 24 hours
Explicit
No
Order
Episodic
Language
English

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