As you approach the retirement years are you jealous of those with fat retirement accounts? When friends talk about retirement plans do you feel the need to fight back tears because the 401K is MIA?
You didn’t intend to enter retirement years unprepared. Like most of us you thought there was plenty of time to put together a retirement fund. Retirement age seemed far away. You needed money to pay the bills and buy groceries; not to sock away in some abstract 401K.
But now, here you are. You recognize there will not be enough money to pay the bills when you retire. You don’t know how you are going to make it. Once you walk away from your career, the prospects of paying the bills raises the blood pressure. The future looks scary.
One of the ReFIRE principles to making this next chapter of life the best is called ReSIGN. The first thing you must do if you can’t afford to retire is to decide you want more of life rather than less of it. And if you make that decision, you ought to get on your knees and thank God you don’t have enough money to retire.
Why would anyone be thankful there won’t be enough money for retirement? Simple. It will force you to keep on working. You must ReSIGN for more, and that’s a good thing.
Here’s 3 reasons why being forced to keep on working is to your benefit.
- When you keep working instead of taking conventional retirement you stay more connected instead of less connected.
Many people who retire tend to unplug from the world. Their world grows smaller. The circle of work friends disappears. Any social engagement from the job is gone. But if you continue to work you maintain friendships. You meet new people. You stay connected.
- When you keep working instead of taking conventional retirement, you remain active and healthy instead of becoming fat and lazy.
Do I need to say much about this? How many people have you known who retired and “enjoyed” a life of watching old TV shows while they got bigger and lazier? It’s easy to do. I’m sure that would happen to me if I retired. But if you keep on working you stay active and keep the extra pounds off.
- When you keep working instead of taking conventional retirement, you will be less likely to focus on yourself.
Too many people view retirement as a time when life now focuses on themselves. After all, you’ve spent your life raising kids and working hard. Now it’s time for life to be about me. No! Please don’t embrace this idea. Now is the time to focus on others. They need your love, accumulated wisdom, and guidance.
I’m happy for you if you are approaching retirement and have plenty of money. But don’t allow the money to lull you into thinking you have it made. You will need to force yourself to stay connected. You will need to find a way to stay active. You will need to figure out how to focus on others. It will be difficult to make this chapter meaningful.
But those who can’t afford to retire are the lucky ones. We will be forced to ReSIGN for more of life. And that’s a very, very good thing.
I love this post! It’s so true that the more involved we stay, the happier we are. We truly ARE the lucky ones. How brilliant of you to turn the stereotypical thinking on its head. Thank you, Randy.
Thanks for the kind words. I know for sure I am “lucky!”
“Put me in coach, I’m ready to….”
I always appreciate y0ur comments! Thanks!
We need to talk…can you call or email me for specifics?
Of course! Calling now…
Good article Randy!
Great plans for the future.
Thanks for the article! Things to ponder.
Great Info! Thanks!
As one who did retire I agree totally with what you said about the “risks of retirement”. There is a loss of connection and social interaction when there is no job to report to and a temptation to “veg” in front of the tube or electronic device! For me, who has not been a good self starter, it has been a challenge to get involved in meaningful activities and stay connected socially! You give us much to consider…once again! Thanks!
Thanks Peggy for sharing your experiences with all of us!
Great article! I love it. .I am not ready to retire because I love my job. .I have more time to save for retirement as I resign to work longer. Very worthwhile. .thank you so much for sharing.
Thanks for reading and your kind comments!
If you like, per Randy, please comment on Reddit!
Click on the title link (above), it takes you to the Reddit page of Randy’s article. Click on sign up on the right, if you don’t yet have an account. A comment field will appear as soon as you log in. Leave your comment there. Hope that helps
Garry. UR amazing. Thanks for doing this!
interesting….as usual :-)
Thanks my friend!