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Do You Need a Retirement Coach?
11-04-2010, 08:07 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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Do You Need a Retirement Coach?
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For a generation steeped in the tradition of self-help and self-improvement, retirement coaches are the latest incarnation of guides, gurus, yogis and therapists. At $100 per hour or more, they say they’ll help you figure out what to do with your free time, how to plan your retirement career, even how to connect to a community that doesn’t revolve around the water cooler.
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__________________
And if I claim to be a wise man, it surely means that I don't know.
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11-04-2010, 08:20 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,519
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Quote:
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how to plan your retirement career,
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Yeah, right. How to find another sucker & them charge $100/hr.
Seriously though, if a person is really lost as to what to do and doesn't have access to someone with a sound financial/emotional grounding, a few hundred $s may very well be worth it. But, would such a person be able to separate the wheat from the chaff?
I've thought of doing this part time on a volunteer basis, but haven't gotten off my a*se to do anything about it.
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11-04-2010, 08:58 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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This sounds awesome! A real life "fun consultant/money consultant".
If I could get around the legal/liability/licensing issues, I would love to do something like this on a limited part time basis. A buddy of mine that is a fin@ncial pl@nner says his favorite part of work is the client intake interview when he gets to discuss with the new client their goals, dreams, aspirations, etc for raising a family, retirement, etc.
In a way, this type of retirement coach isn't a lot different than a life coach, except it sounds like they deal with some financial matters, too.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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11-04-2010, 08:58 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
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For a generation steeped in the tradition of self-help and self-improvement, retirement coaches are the latest incarnation of guides, gurus, yogis and therapists. At $100 per hour or more, they say they’ll help you figure out what to do with your free time, how to plan your retirement career, even how to connect to a community that doesn’t revolve around the water cooler.
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I must be incredibly gifted when it comes to retirement skills. I have absolutely no difficulties accomplishing tasks like sleeping in, goofing off, and having a great time doing whatever I feel like doing.
In a few days I will have been retired for a year, and I still haven't wiped the silly grin off my face. 
But what is this blasphemy (in the above quote) about a retirement CAREER?  Ewww, not for me, thankyouverymuch.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-04-2010, 09:01 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Hey - someone just has to come here to get all the retirement coaching they could possibly ever need!
Audrey
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Retired since summer 1999.
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11-04-2010, 09:13 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,346
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Quote:
Originally Posted by audreyh1
Hey - someone just has to come here to get all the retirement coaching they could possibly ever need!
Audrey
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X2
No kidding. There are some good retirement books like Get A Life, but this site is better than the whole collection in the library. A person can post questions her from asset allocations, social security, car maintenance, travel, to dating advice. Whats not to like?
__________________
T.S. Eliot:
Old men ought to be explorers
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11-04-2010, 09:16 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by yakers
Whats not to like?
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The biggest complaints I have heard are overpaid moderators and annoying dryer sheet motif. Both seem like valid complaints!
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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11-04-2010, 09:18 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Yeah, but believe me we earn every cent we are paid!  
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-04-2010, 09:29 AM
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#9
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Why would a generation "steeped in self help" look for a coach (the opposite of "self help" imo)? We don't need no stinkin' coaches!
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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11-04-2010, 09:46 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 6,506
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No need to spend $100/hr.
For a limited time only, at only $50/hr I'll tell anyone how to avoid boredom.
__________________
There must be moderation in everything, including moderation.
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11-04-2010, 02:38 PM
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#11
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Recycles dryer sheets
Join Date: Jan 2010
Posts: 190
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Who knows - - maybe you can get someone to pay you to retire for them
Quote:
Originally Posted by ls99
No need to spend $100/hr.
For a limited time only, at only $50/hr I'll tell anyone how to avoid boredom.
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11-04-2010, 02:45 PM
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#12
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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How the hell does a retirement coach build their credibility or their certification?
Talk about the blind leading the ignorant...
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-04-2010, 02:48 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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I think being a retirement coach would be a much better gig than the coaching job this guy just took: Charlie Sheen Hires a Sober Coach
__________________
Numbers is hard
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11-04-2010, 03:07 PM
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#14
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by REWahoo
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Well, I guess that answers my question about retirement coaches too. You could build the business with referrals from Lindsay Lohan & Paris Hilton.
No wait...
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-04-2010, 03:25 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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A retirement coach, what an absolutely quaint idea. I think I'll pass.
It might be fun to think about how I could actually spend $100/hr on things that I would enjoy though.
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11-04-2010, 04:55 PM
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#16
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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For $100/hour I'd expect more than advice.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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11-04-2010, 06:26 PM
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#17
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by Khan
For $100/hour I'd expect more than advice.
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Well, this sales negotiation just took an interesting turn...
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-04-2010, 07:35 PM
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#18
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by Nords
Well, this sales negotiation just took an interesting turn...
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I'm old and vulgar and totally lacking in tact.
$100/hour?
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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11-04-2010, 09:01 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Quote:
Originally Posted by Bestwifeever
Why would a generation "steeped in self help" look for a coach (the opposite of "self help" imo)? We don't need no stinkin' coaches!
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We need this Coach....
member since 2005.... 
__________________
There's no need to complicate, our time is short..
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11-04-2010, 11:53 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
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Quote:
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....they can get expensive – top coaches can charge several hundred dollars an hour. And considering that most people navigate retirement on their own, and have for decades, some say many retirement coaches are just piggybacking on fear and emotional vulnerability....
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Just about says it all.
If I ever run out of things to do, I'm sure my wife will give me a list for free. Actually, I'm pretty sure I will get a to do list even if I don't run out of things to keep me occupied.
__________________
Budgeting is a skill practised by people who are bad at politics.
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