Written By Guest Blogger, Mary LloydAre you assuming that only those who have to work after 65 are still working? Think again.
I recently returned from the Berkshire Hathaway annual meeting. That’s the company run by Warren Buffet--who takes turns with Bill Gates being “the richest man in the world.”
The meeting is a week-long, massive event in Omaha, where the company is headquartered. This year, 37,000 attended. The showcase piece is Warren Buffet and Charlie Munger, his Vice-Chairman of the Board, answering questions about all things financial (and some not). They did this from a stage in the arena to a standing room only crowd—for six hours. Then Buffet joined the country band that was performing in the exhibit hall to play the ukulele. On Sunday he took on an international table tennis phenom to the delight of meeting-goers.
Why do I write about this? Because Warren Buffet is 79 and Charlie Munger is 86. If ever there were men who have enough money to retire, it’s these two guys. They haven’t. We might want to learn from that. ( Photo at right is from the Berkshire Hathaway meeting.)
It makes no sense to stop what you are doing if you like what you are doing.
This economic downturn has forced many of us to think about “maybe working” in retirement. That’s probably the single best outcome of this financial mess. Leisure centered retirement is not all that satisfying. Staying engaged in what you love will keep you healthier, both physically and emotionally.
So if you are already doing what you love as a career, keep these two guys in mind. It might be wiser to look for a way to throttle back rather than stepping away completely. And don’t even do that until you truly feel ready for it. (You may be 90 when you get to that.)
Very often, retirement is expected of us. Don’t assume you should retire because your financial situation allows it. And if you hate what you are doing, find something you love and do that. Life is too precious to spend it sitting around.
Mary Lloyd is a speaker and consultant and author of Supercharged Retirement: Ditch the Rocking Chair, Trash the Remote, and Do What You Love. Her website is www.mining-silver.com <http://www.mining-silver.com> . Contact her at email@example.com