Many of us are turning our hands to starting a small business to supplement retirement income. This will probably pose no problems if you have been an entrepreneur previously – though few entrepreneurs retire!
The changing face of work as we enter the 4th industrial revolution has created an opening for digital nomads.
As a retirement coach, I spend my time discussing the possibility of working for oneself in retirement. It offers the opportunity to work flexible hours and to do something that ignites your passion.
Why is it that people are reluctant to plan for retirement? The average person spends more time planning an overseas holiday than they do retirement.
Is it because the word retirement conjures up images of growing old and dying? Or do we minimize the importance of planning because we perceive retirement as an eternal holiday?
When I introduce myself as a retirement coach, I find many people either steer the conversation away or tell me why they are not going to retire.
The gig economy? What is that? It is simply a technical word for the economy that absorbs a number of part-time and flexi-time workers into employment on a contractual basis, via the Internet.
An asset is something that you own, you get to use it and it brings benefits. Assets can also depreciate if they are neglected.
The term retirement dates to 1889, and is rapidly becoming an obsolete term. It was first used for soldiers who were pensioned off during the reign of Otto von Bismark in 1889. In that century men were expected to live two years after turning 65.
This weekend, I had reason to look at the statement “finding purpose in retirement.” It is a statement I find myself using often.
For many, finding purpose points to finding the deep spiritual meaning of life which may not seem relevant when used in the context of retirement. This is why I would like to look at it more carefully.
In our parents’ days, people simply left the job they had held most of their lives and moved onto permanent vacation when they retired. But then, most of them never lived the additional 25 to 30 years anticipated for many of us boomers.