400 I Retirement Question

What is Retirement for you.

 

    The retirement question is a real issue for people who own a business.  Being able to move your business to someone else is a hard question being forty-one.  I have worked in my field for the past fourteen years.   I enjoy working in the business.  I am working on building a practice by bringing in new account executives and agents. My Medicare practice will allow me to work with people who want to do enrollments and as a branch manager I have no reason to retire. Unless my health fails I see no reason to retire.  As I work from home, I wonder - what would I do when I retire?  I still wake up in the same house, go into the same office to speak with clients who are my friends. I read Barron's and Wall Street Journal and watch charts. What is retirement?

    My parents recently retired; my mother from the Civil Service and My step-father from FedEx.  My mother went back to work as a contract employee. My father is traveling, playing golf and dating (he and my mother have been divorced for fifteen years). My dad traveled all over the world teaching Air Craft Engineering.  My mother, on the other hand, remarried.  Her new husband retired from the Air Force after twenty-five years.

    I need to be active and travel.  My wife and I have decided not to have children. We make a very good amount of money and travel when we want. We go on cruises and travel.  In the past 10 years, we have been to Florida twice, Hawaii, Alaska, and took a cruise through the Caribbean. When I was twenty, I was in the Navy and have been to France, Spain, Italy and Turkey. Additionally, I have been to Africa, as well as Tunisia, Egypt, and Israel.

    In addition to travel, I have served on the board of directors for a non-profit serving on planned giving cabinet for United Way  Los Angeles.  Working in my business and doing what I want allows me to already be quasi-retired.  I pursue learning for leisure, working on my teaching credential and desire to teach for community college. Plato and Aristotle taught at their Academy until their eighties.  Being forty years old, I look forward to working for a long time.  On the other hand, I started suffering from a chronic disease. I am type two diabetic with peripheral neuropathy. This is scary because I am suffering from pain constantly.  I can work anywhere and do anything, but I can't stop the pain. 

    Being in the career I have chosen allows me to have freedom, be my own boss, and I make a lot of money. I believe finding a balance between aging and staying physically and mentally active are essential to healthy retirement. I would like to continue working and attending school and teaching.  I don't really think about retirement because I always work with clients.  As I build my practice with new agents and clients, I see no reason to retire.  I know I will inherit funds from my parents and currently invest for I have not done enough investing because I bought my house and have not been saving enough.  I have a lot of debt, so becoming a public teacher and doing my business, I will have a pension. 

    People need to keep developing their skills and maybe create a new retirement paradigm.  I once heard a person say, "I hope I am doing the same thing ten years from today."  I hope I have my own classroom and own business as an adviser and manger and during the summer I will be able to work on movie sets.