ST. CROIX INSIGHTS
Why limit ourselves to only 52 Saturday’s a year
BY BRETT ANDERSON/ST.CROIX ADVISORS, LLC
First of all, I enjoy my profession, but I can’t wait to enjoy 365 Saturdays a year. To me, Saturdays represent freedom. Freedom to pick and choose what I want to do, not what I have to do to pay the bills. By now, we’ve worked for 30, 40 or 50 years. Nowadays, our work is our identity. We work hard and that’s who we are. For many, one major worry is that they’ll be bored in their retirement years.
For the majority, our conversation around retirement planning includes how to be relevant and impactful in your retirement years. All this time, we’ve been so focused for 260 days a year on working and now we’re preparing for the next stage in life that for many doesn’t include working. For most retirees, that’s a big change.
Honestly, my retired clients tell me they are busier in their retirement years vs. when they were working for themselves or “the man”. Soon, they wonder how they got anything done while they were working. Now, many volunteer, have hobbies, spending time with grandkids, travel, and the list goes on.
For some, their hobby is their work. In fact, I might fall into that group. Don’t judge me, I’m just being honest. When you own a business, it’s a way of life. 365 days a year and you (or at least I haven’t been able to) can’t turn it off – even on Saturdays. Actually, I think that’s why so many business owners postpone their retirement. Usually, it’s not about the money, but rather how to be relevant. Further, what am I going to do in my retirement years so I don’t drive my spouse nuts?
Many of you reading this have an option to stay relevant in your retirement years and start a “trial” retirement. Eventually, you may start working four days a week and not check your email on Saturdays. At first, this might be a great strategy. Next year, scale back to three days a week for that second year. Lately, I’ve received pushback about this because people don’t believe their employers will go for it. First off, if you are a good employee, an asset to the company, they need you. Secondly, this concept is mutually beneficial for both. Because you stay engaged, they retain a seasoned employee to help the company reach its goals. All in all, it’s a win/win for both.
Enjoying more Saturdays now is powerful. Trust me, it’s powerful to spend time engaged outside of work. Travel, volunteer, spend time with the grandkids while you can. Starting today, pursue the passions you’ve postponed all these years because you and I had the pursuit of money to pay our bills and feed our families. Seriously, do it while you can. Do it while you’re able to move, walk, remember and share. In time, you won’t have those opportunities.
Also, sign up for our eNewsletter blog that includes timely financial matters, news, and planning strategies that you can implement today.
Ask yourself- can my portfolio support my lifestyle in my retirement?