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If you are a boomer or Gen Xer and have wondered why your millennial and Gen Z colleagues work the ways they do, you can be pretty sure they're wondering the same thing about you.
Jim Fetig approached retirement the same way he approached the rest of his life: always on the go and eager to test his mettle. As a soldier's son and later an Army officer himself, he has lived in 19 states and 3 foreign countries, traveled to 50 states and 44 countries, and had 64 permanent mailing addresses.
As we age, we spend more time looking back at the good old days. We reflect on our joys, points of pride, and moments of laughter. We think about all the things we have done that made us the people we are today. As a result, thinking about our lives post-retirement may fill us with mixed emotions. On the one hand, we may be excited about the free time we gain to read more, sleep more, and perhaps even travel more. But, on the other hand, as we look ahead, we may start thinking about ailments, loneliness, and death. But what if the best in life is yet to come?
Are you burned out at work and financially secure? Do you feel like you need more time in your week to fulfill your dreams? Are you craving a life with a slower pace? Or are you just at the age where retirement makes sense? On the other hand, do you also worry that a drastic reduction in structure could be psychologically difficult? Are you worried about how less cash flow will feel?
When you imagine an older person, what sort of picture pops into your head? Do you see someone walking stooped over a cane? Do you imagine them in a long-term care facility sitting in a wheelchair? Or do you imagine someone competing in a track meet, like the athletes who participated in last month’s National Senior Games track and field competition?
Kerry Hannon has written for Next Avenue about work and personal finances since the site was founded in 2012. The journalist, 61, recently became a Yahoo! senior columnist; launched "The Second Act Show," a biweekly streaming livecast with career coach John Tarnoff; and published a book, appropriately called "In Control at 50 Plus: How to Succeed in the New World of Work."
I am seeing an interesting pattern in discussions with my clients about retirement — and it’s certainly not one I was expecting. Instead of worrying about whether they’ll have enough saved to enjoy retirement, they’re worrying about whether they’ll enjoy retirement at all.