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cover of episode The Downside of Working "Just One More Year"

The Downside of Working "Just One More Year"

2024/11/21
logo of podcast Ready For Retirement

Ready For Retirement
AI Deep Dive AI Chapters Transcript
People
A
Ari
J
James
领导Root Financial从小规模公司发展成为全国性公司，专注于目的驱动的财务规划。
Topics
James认为，许多人以“再工作一年”为借口，不断推迟退休计划，这实际上是源于对退休后生活缺乏清晰的目标和规划，以及对“退休后我将成为谁”这一问题的逃避。他们倾向于用一些琐碎的事情来代替对人生意义的思考。退休生活应该以个人意愿为中心，而不是盲目追求社会普遍的退休模式。退休所需的金额因人而异，关键在于退休后收入能否覆盖支出。 Ari认为，不同的人对于退休后生活的优先级不同，有些人更重视时间自由，有些人更重视物质享受。教师群体中存在提前退休的强烈愿望，这可能是由于工作环境压力大造成的。一些人担心退休后资金不足而过度节俭，导致在拥有健康和精力时没能充分利用时间去体验生活。

Deep Dive

Chapters
Ari and James discuss the common question of whether to work 'just one more year' to feel financially secure before retirement, exploring the emotional and financial trade-offs involved.
  • Goalpost planning involves constantly pushing back retirement due to financial or emotional uncertainties.
  • The emotional challenge of finding purpose in retirement is often avoided by focusing on financial tasks.
  • Trade-offs between luxuries like first-class travel and early retirement are personal decisions.

Shownotes Transcript

Are you delaying retirement, working for "just one more year" to feel ready? In this episode, Ari and James dive into goalpost planning—the tendency to postpone retirement over financial or emotional uncertainties. Learn how to prioritize life goals over arbitrary benchmarks, like saving $1M or following a generic 60/40 portfolio strategy.🎙️ Highlights from the conversation:

  • The emotional challenges of leaving work and finding purpose in retirement
  • Why cash flow matters more than hitting a specific savings number
  • Real-life example: a mid-50s teacher couple weighing part-time work, pensions, and travel
  • The truth about 60/40 portfolios and inflation-proof investing

Submit your request to join James:On the Ready For Retirement podcast: Apply Here)On a Retirement Makeover episode: Apply Here) Timestamps:0:00 - Goalpost planning3:09 - Procrastinating finding meaning4:42 - Tradeoffs6:43 - An example9:20 - Initial analysis 12:48 - Roleplaying15:09 - Use your PTO 18:01 - Allocation20:39 - No cookie-cutter formula

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