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Most of the people I know who are or will work into their 70's, took a lot more time off in their earlier years than I did. They also spent a higher percentage of their earnings on having one heck of a good time. My 2 cents.
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The worst decisions are usually made in times of anger and impatience.
My opinions don't mean anything, are not necessarily well thought out, and most certainly should not be used to make investment decisions.
Some (perhaps a majority) will always relate their work to who they are. It helps them to think of it as "cool and smart" . They will continue to work until something forces them to stop.
__________________ "One of the big secrets of finding time is not to watch television" -- Captain Kangaroo
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
Sometimes, though, when pop culture points the way, others will follow, if only because it’s “cool” to do so. Some of the most iconic bands who won our hearts years ago – the Rolling Stones, the Beach Boys, the Chieftains – are now paving the way for active aging, still working well into their 60s and 70s as they celebrate their bands’ 50th anniversaries. And older boomers are filling up arenas and buying $45 T-shirts by the barrel.
So, put me on stage with an audience of thousands, pay me millions in royalties & affiliated merchandise, and see if I'm willing to work until I die? Gosh, I'll have to think about this one. That ain't workin', that's the way you do it.
I wonder how much longer Steven Tyler and Mick Jagger would be working if they were commuting to office jobs and waiting for their bar bands to take off.
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The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't read every post anymore, so if you want me to respond then please mention my name or send me a PM. Thanks.
So, put me on stage with an audience of thousands, pay me millions in royalties & affiliated merchandise, and see if I'm willing to work until I die? Gosh, I'll have to think about this one. That ain't workin', that's the way you do it.
My thoughts too. Asking Mick or Keith whether they'll continue playing until they drop is like asking Nords whether he'll be surfing as long as he possibly can. Nords might not be getting the huge merch deal, but both are doing something they love.
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ESR (and maybe ER if things go well)
Ever notice how the solution is always that people adapt to society and never the other way around. We must work longer to keep things chugging along, but god forbid the financial and consumer landscape change to accommodate us.
Besides, how does people retiring, tapping into money they've long had invested and then spending said money reduce consumer demand. It frees up money that is then spent on good and services, it frees up jobs for other people to begin working and spending. Do we stop being consumers when we retire?
This also seems like it has a SS slant. I mean it is predicated that we all rely on government sponsored retirement, but most early retirees paid for it themselves. Plus, who's to say we don't work. How many of us on here remain productive, but in a different field. Some started businesses, several of us write books, whatever. Every time I see an article like this all I think it these guys just have a fundamental misunderstanding of modern retirement.
__________________ Retired July 4th, 2010 at age 43 Trout Bum, Writer, Full-Time Dad and Husband
So, put me on stage with an audience of thousands, pay me millions in royalties & affiliated merchandise, and see if I'm willing to work until I die? Gosh, I'll have to think about this one. That ain't workin', that's the way you do it.
I wonder how much longer Steven Tyler and Mick Jagger would be working if they were commuting to office jobs and waiting for their bar bands to take off.
Come on Nords, if you are trying to make late life w*rk look like it's cool, you don't use the poor Wal*Mart greeter as your example.
So, put me on stage with an audience of thousands, pay me millions in royalties & affiliated merchandise, and see if I'm willing to work until I die? Gosh, I'll have to think about this one. That ain't workin', that's the way you do it.
While you're thinking about it, give a little consideration to what the groupies might look like...
Asking Mick or Keith whether they'll continue playing until they drop is like asking Nords whether he'll be surfing as long as he possibly can.
Keith passed away several years ago, though still performing as well as ever...evidently Mick won't let him quit.
__________________ It's odd when I think of the arc of my life, from child to young woman to aging adult. First I was who I was. Then I didn't know who I was. Then I invented someone, and became her. Then I began to like what I'd invented. And finally I was what I was again. It turned out I wasn't alone in that particular progression. Anna Quindlen
Retired Jun 2011
While you're thinking about it, give a little consideration to what the groupies might look like...
I wonder if the groupies have considered what Keith looks like-- don't make me post that topless photo of him with his guitar...
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The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't read every post anymore, so if you want me to respond then please mention my name or send me a PM. Thanks.
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