Comments on: The New Definition of Retirement http://www.behaviorgap.com/the-new-definition-of-retirement/ Exploring the relationship between people and their money. Tue, 09 Mar 2010 06:52:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: rmark http://www.behaviorgap.com/the-new-definition-of-retirement/comment-page-1/#comment-971 rmark Sun, 26 Jul 2009 00:04:47 +0000 http://www.behaviorgap.com/?p=1209#comment-971 You only have three choices in life - saving, owning, doing - with you mix your own. You only have three choices in life – saving, owning, doing – with you mix your own.

]]> By: rmark http://www.behaviorgap.com/the-new-definition-of-retirement/comment-page-1/#comment-559 rmark Sat, 25 Jul 2009 17:04:47 +0000 http://www.behaviorgap.com/?p=1209#comment-559 You only have three choices in life - saving, owning, doing - with you mix your own. You only have three choices in life – saving, owning, doing – with you mix your own.

]]> By: ericaice http://www.behaviorgap.com/the-new-definition-of-retirement/comment-page-1/#comment-548 ericaice Mon, 20 Jul 2009 15:03:59 +0000 http://www.behaviorgap.com/?p=1209#comment-548 This is interesting because I think we have a prime example that we both know. It is time to start that discussion of what to do besides retire. I will join in with...surfing, perhaps a surfing school! Or something interesting and fun, but revenue generating. <br>You've got me thinking. This is interesting because I think we have a prime example that we both know. It is time to start that discussion of what to do besides retire. I will join in with…surfing, perhaps a surfing school! Or something interesting and fun, but revenue generating.
You've got me thinking.

]]> By: Weekly Dividend Investing Roundup - July 18, 2009 | The Dividend Guy Blog http://www.behaviorgap.com/the-new-definition-of-retirement/comment-page-1/#comment-547 Weekly Dividend Investing Roundup - July 18, 2009 | The Dividend Guy Blog Sat, 18 Jul 2009 11:01:51 +0000 http://www.behaviorgap.com/?p=1209#comment-547 [...] New definition of retirement [...] [...] New definition of retirement [...]

]]> By: Kent_TheFinancialPhilosopher http://www.behaviorgap.com/the-new-definition-of-retirement/comment-page-1/#comment-546 Kent_TheFinancialPhilosopher Thu, 16 Jul 2009 13:36:28 +0000 http://www.behaviorgap.com/?p=1209#comment-546 "Some countries have already raised their official retirement age..."<br><br>This line speaks volumes about herd mentality. <br><br>When I talk to clients and prospective clients and we discuss the "retirement age" issue, almost everyone says, "Age 65." My response is always, "Where did you get that age from?" <br><br>And you can see how the conversation progresses into the fact that retirement is a term that is largely defined by social conventions; however, it should absolutely and only be defined by the individual.<br><br>In fact, in some extreme cases, once this individual definition is formed, I've had clients discover that they were already "retired" by their definition. How liberating can that be?<br><br>I did the same for myself and discovered that, at age 40, I am already "retired" also!<br><br>My definition: "To do what I want, when I want, within reason."<br><br>"Man acts as though he were the shaper and master of language, while in fact language remains the master of man." ~ Martin Heidegger “Some countries have already raised their official retirement age…”

This line speaks volumes about herd mentality.

When I talk to clients and prospective clients and we discuss the “retirement age” issue, almost everyone says, “Age 65.” My response is always, “Where did you get that age from?”

And you can see how the conversation progresses into the fact that retirement is a term that is largely defined by social conventions; however, it should absolutely and only be defined by the individual.

In fact, in some extreme cases, once this individual definition is formed, I've had clients discover that they were already “retired” by their definition. How liberating can that be?

I did the same for myself and discovered that, at age 40, I am already “retired” also!

My definition: “To do what I want, when I want, within reason.”

“Man acts as though he were the shaper and master of language, while in fact language remains the master of man.” ~ Martin Heidegger

]]> By: ObliviousInvestor http://www.behaviorgap.com/the-new-definition-of-retirement/comment-page-1/#comment-544 ObliviousInvestor Wed, 15 Jul 2009 22:11:17 +0000 http://www.behaviorgap.com/?p=1209#comment-544 As much as I spend most of the time on my blog talking about investing specifics, I see this topic as at least as important. The system (not just social security and pensions, but the entire concept of saving for retirement) is simply not set up to accommodate several-decade retirements.<br><br>Nor, for that matter, are <i>we</i> set up for several decades of not working.<br><br>But I hesitate to bring it up on the blog (very often, at least) because I don't want it to sound like I'm telling people what they should or shouldn't be doing with their lives. As much as I spend most of the time on my blog talking about investing specifics, I see this topic as at least as important. The system (not just social security and pensions, but the entire concept of saving for retirement) is simply not set up to accommodate several-decade retirements.

Nor, for that matter, are we set up for several decades of not working.

But I hesitate to bring it up on the blog (very often, at least) because I don't want it to sound like I'm telling people what they should or shouldn't be doing with their lives.

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