retirement: top 10 myths
7. Men and women have similar goals.
Both females and males rank travel near the top of their list of
things to do when they retire. Yet, among couples, communication
and planning are poor—for example, Fidelity Investments
found that fewer than 50 percent of those polled agreed whether
or not to try and work in retirement, only 15 percent felt the
person who normally didn’t handle the finances could do so
effectively if necessary and only 60 percent of couples agree on
when they should retire. In fact, illness, a significant birthday,
a layoff or a spouse’s retirement are common retirement
triggers. Wouldn’t it be a good idea to plan ahead?
9. Playing it safe is good. “Do one thing
every day that scares you.” “When you look back on your
life, you’ll regret the things you didn’t do more than the
ones you did.” These wise quotes from Eleanor Roosevelt
and H. Jackson Brown, Jr. are supported by research. Neuroscientists have found that novelty and new experiences
activate a number of brain systems and signal brain cells to
grow and produce new connections. Let’s face it—the death
rate is one per person, and today is the youngest you’ll ever
be. Shouldn’t we make the most of our time?
Sun Life Financial study). If you’re not able to find a job in
retirement, it makes sense to plan for a retirement that costs
less and that gives you something to wake up for each day.
8. There’s no place like home. It’s frequently
reported that people wish to “age in place.” True, but many
of those who are surveyed are people who are 65 or older
and have already relocated to a place where they now wish
to stay. For example, Kevin ( 60) and Kathy C. ( 57) relocated
to a master-planned community with tons of amenities, lots
of social support, a favorable climate and proximity to good
medical care and airports. Yes, they want to “age in place,”
but the phrase is misleading, usually stated as though most
people have lived for decades in the same home.
10. There is no one-stop shopping
for all my personal retirement needs.
No longer true. How would you like to find out more about
an innovative program that is effortless, fun, individualized
and lets experts do the work to make your retirement
the best and most satisfying it can be? Where you can
“test-drive” your retirement at various desirable locations
and address your retirement questions and concerns? If
this is something that interests you, sign up for the free
seminar, “Retirement Solutions for Changing Times” at
www.livesouthshows.com/wisdom. Space is limited, so
register now to ensure your spot. |
© ISTOCKPHOTO.COM/ABEL MITJA VARELA
Jan Cullinane is the co-author of The New Retirement: The Ultimate Guide to the Rest of Your
Life; her new book about single women and retirement will be published in Fall 2011.