Page 61 - Workbook3E

Am I Ready to Retire?
C Am I Ready to Retire?
Someone once said you never actually retire, you just shift emphasis. You can make this shift gradually or all at once, it’s up to you. Your circumstances tell you how and when you’re ready. There are many choices available to you once you leave your life-long profession. Several myths are about when you should retire. You need to realize they truly are myths, and there is no true standard for everyone.
Retirement Myths
Myth No. 1: Hold on to your job as long as you can!
Retirement doesn’t necessarily need to be delayed as long as possible. It is good to continue doing things that bring you fulfillment. Hastily giving up your job may be a
mistake. Only you can decide
when you’re ready to move on to other opportunities.
Myth No. 2: Retire as soon as you can!
There was a book written on how to retire at age 41. It was
a true account of a man who retired at 41... but in reality, he ended up returning to work. If you begin a lifestyle resembling retirement before you’re ready, it can be a big mistake. Quitting your career too early may mean you’ll miss out on the most
rewarding years of
your working life.
Retiring too soon may
affect your feelings of worth and your financial stability. Only you know what’s best for you.
Myth No. 3: Retire when you’re fed up.
Sometimes a job gets to be too much for you. An unreasonable boss, an unfavorable working situation or long commute can make you want to quit. But it’s better to wait until you’re prepared and your plans are in place. Even consider a job or career change—many people have successfully made them in their 60’s plus. Remember life isn’t supposed to always be easy. It’s wiser to stick it out or find a healthier solution, rather than quit before you’re ready.
“What a myth never contains is the critical power to separate its truths from its errors.”
~ Walter Lippmann
“I would thank you, but as you know YOURS is a thankless job.”
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