Where did the idea of Retirement come from?

I was reading an article on retirement in The Atlantic. The article discussed the earliest concept of retirement dating back to Otto von Bismarck of Prussia in 1881. The concept was to provide financial support to “older members” of society. The idea was radical because people did not retire, if you were alive you worked. At the time the majority of people were employed in agriculture to feed the masses. The struggle for payment continued for 8 years and finally with pressure from the socialists, legislation was introduced for the state to take care of those disabled from work. Social security was later introduced for those over 70 years old, however 70 was well above life expectancy at the time. Continue reading “Where did the idea of Retirement come from?”

“The Better The Plan The Better The Outcome”

I believe most people would agree with the above statement so why is it that 46% of Canadians do not have a financial plan? It just doesn’t make sense to me. Everyone is concerned about their futures yet why are so many willing to blindly go along and hope things turn out for the best. All I can say is good luck with that! Continue reading ““The Better The Plan The Better The Outcome””

Who Needs To Plan?

You have probably noticed a trend in our blogs, one common thread is no matter where we start retirement can be better with a little planning. Planning is key for everyone to get their 20 plus years of retirement right. I asked Gerry to share his thoughts.

Planning is Key

When I think about my journey to Victory Lap Retirement (VLR), in comparison to Mike, or other people we have met during the book tour, it is clear there are similarities in that we are leaving careers and looking for something new for the first time in a long time. What is different is how we got here, which is largely based on how we left our career and our  work experience over the last few years. Let me illustrate.

Continue reading “Who Needs To Plan?”

Victory Lap Lifestyle Profile #3

It’s Never Too Late

Active Retirement and HobbiesMany people have heard the story about Grandma Moses who started painting when she was seventy-five years old and still managed to have a twenty-six-year career. Stories like hers seem so distant, so outside the realm of possibility, that it is hard to relate to. That is why I love the following story which was provided to me by our publicist Debby, below is her personal account of how her husband followed his passion and created a dream Victory Lap. A story like this is close to home so it takes on a whole new meaning. Enjoy! Continue reading “Victory Lap Lifestyle Profile #3”

Victory Lap Retirement: Live Your Best Life Now!

“It’s my life

It’s now or never

I ain’t gonna live forever

I just want to live while I’m alive”

-It’s My Life by Bon Jovi (fellow boomer)

I’m thinking about using the above song as our Victory Lap Retirement (VLR) rallying cry, it’s simple, gets the point across and who doesn’t like Bon Jovi? Please note the absence of the word “retirement” in the lyrics. The song reminds us that now, not tomorrow, is the time to take back control of our life and start living the way that we always wanted to but going through “The Big Dip”  never had the time or chance. Continue reading “Victory Lap Retirement: Live Your Best Life Now!”

Victory Lap Question – When You Retire Where Do All Your Friends Go?

This question comes up at many presentations I make on Victory Lap Retirement. A strong social network is key to our happiness and longevity. Friendships enrich our lives we should always look to build our social network and build relationships with people we care about.

The challenge for all of us is that we are so busy working and nurturing our family, we can sometimes underinvest in our friendships. Our relationships with friends can also suffer when we are stressed out and in some cases pull back from friends, after all who wants to be a “downer” to our friends Continue reading “Victory Lap Question – When You Retire Where Do All Your Friends Go?”

Learn to Play The Long Game

Today’s article is the first in a series written by Simon Chan who started his own VLR earlier this year after working for 20 years in the financial services industry. He has a broad base of experience with the subjects of pre-retirement and financial independence having worked in multiple businesses such as banking, wealth management, insurance and group retirement benefits. Most recently Simon was the head of business strategy for the Canadian Retail Business for a global insurer. In his role, he became interested in how technology, globalization and the rapidly changing environment is impacting the lives of millennials. In short Simon knows his stuff, is a great guy and wants to help.

I believe it’s important that we understand the new challenges that will be faced by our kids and grandkids in the years ahead. It won’t be easy but we can succeed if we all work together. -Mike  Continue reading “Learn to Play The Long Game”

Getting Your Confidence Back

I rarely get this question when I give my Victory Lap presentations, but I know it is top of mind for many in the audience and I suspect for many of you reading. I know many of the people I speak with did not really want to stop working. Many have worked at the same career for years and now they are scared/uncertain about the future. The question they want to ask, which I will ask for them is: “Am I good enough to get hired again?”

 

Continue reading “Getting Your Confidence Back”