Recently we attended a retirement party for one of our clients. It was a wonderful and impressive celebration of family and business success. What will this retiring couple do now? A fascinating question, with far-reaching consequences.
For some perspective, consider these statistics from an insightful book we’ll delve into at our winter BluestoneSeminar, February 2nd, Enlightenment Now by Steven Pinker:
“The entire concept of retirement is unique to the last five decades. It wasn’t long ago that the average American man had two stages of life: work and death…Think of it this way: The average American now retires at age 62. One hundred years ago the average American died at age 51.”
There is an entirely new population rising among us: retired folks still full of life. They are going to continue to make a significant contribution, quite likely their most important.
No wonder retirement planning is one of the five foundational goals of financial planning. We’ll talk about this more February 2nd.
Thank you, to all of our retired clients; you continue to inspire us and many others.
This memo was prepared solely by Terry and Patty Rempel who are registered representatives of FundEX (a member of the Mutual Funds Dealers Association of Canada and the MFDA Investor Protection Corporation). The views and opinions, including any recommendations, expressed in this memo are those of Terry and Patty Rempel. Bluestone Financial is a personal trade name of Terry and Patty Rempel.
