ST. CROIX INSIGHTS

Why limit ourselves to only 52 Saturday’s a year

BY BRETT ANDERSON/ST.CROIX ADVISORS, LLC

Don’t get me wrong, I enjoy my profession, but I can’t wait to enjoy 365 Saturdays’ a year. Saturday’s to me represents freedom. Freedom to pick and choose what I want to do. Not what I have to do to pay the bills. For many individuals I meet with, one major worry on their minds is that they’ll be bored in their retirement years. We’ve worked for 30, 40 or 50 years. For many, our work is our identity. We work hard and that’s who we are. Now when one contemplates retirement, it’s not just a financial decision. It’s also an emotional decision on what you are going to retire to.

For many, our conversation around retirement planning includes how to be relevant and impactful in your retirement years. 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. That’s a big change for most retirees.

My retired clients tell me they are busier in their retirement years vs. when they were working for themselves or “the man”. They wonder how they got anything done while they were working. Many volunteer, have hobbies, spending time with grandkids, travel and the list goes on

Yet for some, their hobby is their work. I suspect I might fall in 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. I think that’s why so many business owners postpone their retirement. It’s usually not about the money. Rather how to be relevant and 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. Maybe you start working four days a week and not check your email on the weekends. This might be a great strategy for six months to a year. The next year, scale back to three days a week for that second year. The biggest pushback I receive about this is that most 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. And this concept is mutually beneficial for both. You stay engaged, and they retain a seasoned employee to help the company reach its goals. A win/win for both.

Enjoying more Saturday’s now is powerful. Powerful to spend time engaged outside of work. Travel, volunteer, spend time with the grandkids while you can. 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. Do it while you can. Do it while you’re able to move, walk, remember and share.

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