Not much probably, but in August of this year The Stones inspired us to imagine what retirement could look like as they wrapped up their latest tour. They showed us that age is just a number, and retirement doesn’t mean you have to stop doing what you love.
Not long after that tour ended, GenWealth advisors John and Scott went to see KISS in concert when their tour stopped in Little Rock. John was so impressed with 70-year-old Gene Simmon’s ability to rock the stage that he turned to Scott and shouted, “Forget retirement!” Baby Boomers continue to challenge expectations set by previous generations at their age, and in doing so they have redefined the meaning of retirement.
Still, one question remains. What is the difference between the retirement you want and the retirement you need?
I think that like many meaningful things in life, there is a desire to fantasize about a perfect world and simplicity. Then, we wake up to the hustle and bustle of everyday life where a dream retirement seems too good to be true or altogether too complicated to obtain. Many of us push deep down the dream and just keep working in our comfortable routine. But surely that is not the answer.
The retirement you need is one that fulfills all of your needs while still pursuing things that you have passion for doing. For decades, Mick Jagger has been singing about the elusiveness of satisfaction in life and our inability to always get what we want. However, his message also conveys that with work and perseverance you get what you need. This is certainly a notion we agree with at GenWealth Financial Advisors.
Maybe you have a picture of what you want retirement to look like, but you have questions about how that retirement will be funded. Because if there is anything that we can gather from 76-year-old Jagger strutting his stuff on stage, it’s that people are living longer and working longer – which means there is more opportunity to save for retirement. And that’s a good thing!
When you are about 5-10 years away from retirement, it’s time to start planning with a GenWealth Financial Advisor to address your timeline and make any adjustments to your plans. We want your retirement to be everything you’ve dreamed it would be. Let’s start planning!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.