ReFirement Life

SNAKES & THE IRRATIONAL FEAR OF SPENDING Now that I have settled into retirement, I am aware of an irrational fear that keeps popping up inside me.  I've focused most of my life on becoming debt free and saving for retirement but now that I'm retired with plenty of savings to fund my lifestyle, I'm afraid to spend my money.  Apparently, I'm not alone according to this article that I just read (see link below). When I was working on my Masters in Education, my thesis was "Coping With Cold Blooded Fear."  I had two pet boa constrictors that I kept in my classroom; my students loved them but many adults were very afraid of them.   Boa constrictors are not poisonous and can't strangle an adult so I identified this fear as an irrational one.  I started doing public talks with my snakes around my neck. Giving the talks helped me identify how to help people move beyond  their fears.  People asked, "are they slimy...will they bite...will they get tigh

REFLECTIONS ON MY 7TH INNING STRETCH I fully retired about a year ago after a previous year of stress (lawsuit threat, cancer, business sale and family drama).  Unlike a baseball game where there is a time limit on the 7th inning stretch, I think everyone's timeline and experience will be unique.  I was mentally, physically and emotionally exhausted so I have taken my time and I am grateful that I had the resources to do so. During the 7th inning stretch at a baseball game, some go for refreshments or the restroom, some chat with friends and strangers or just relax in the sun.  I like to stand up and sing "Take Me Out to the Ballgame" then dance to "Haaaaaay Baby" after which I'll drink a beer (and I hate beer).  This past year I have been singing with relief (I'm cancer free, the business sale went extremely well, the lawsuit went away...family drama still exists, but you can't have everything).  I've also been dancing with adventure (travel

Sometime in your 60's or 70's your mortality alarm will go off.  Mine went off when I turned age 70 and handed over my retirement planning business to my son and Buckingham Strategic Wealth. Conventional wisdom and practice keeps our inevitable demise and its dimensions off-limits in most day to day conversations.  However, when you are in the retirement planning business, the longevity conversation is center-stage when a client asks: "Will my money last as long as I will?" My typical response was: "Are you more concerned about living too long or dying too soon?"  Indeed, most of the clients were more concerned about outliving their money and becoming dependent on others. In order to focus the conversation, we suggested that clients go to www.livingto100.com   and answer the 40 questions that will suggest your life expectancy.  I am am expected to live to 92 and Paula to 105.  So at my age 70 and Paula at age 68,  we have the potential for 22-37 years in

During my years of working full-time, I always looked forward to my 3 day weekends and you probably do as well.  However, I do not look forward to the prospects of a 30 Year long weekend. I have spent the better part of my professional life helping people financially prepare for "retirement."   Frankly, I did a good job for them and for myself as well.  However, now that I have "arrived" at retirement and recognize that I could live well into my 90's, I recognize the next 20+ years of my life is a journey that I am not fully prepared for.  I am at the crossroads of "if I am what I do, then who am I when I don't? "  In other words, if my identity is my work, who am I when I am no longer working? One way to answer that question is to never stop working.  Despite the fact that I sold my business,  I still consult with a handful of clients that want my help, but it does not equate to 40 hours per week. So, I have begun asking myself some questi