The retirement fallacy

Financially planning for a time when we’re no longer able to work is smart.

Planning for retirement as a goal? Not so much.

The “life deferral plan” – putting off our interests, wellbeing, happiness and relationships until one day when we’re no longer working is a relatively novel (and ridiculous) idea.

It’s an idea that’s based on the assumption that:

  1. We don’t like our work during our most capable years.
  2. We have to do work we don’t like.

Maybe I read too many obituaries, but the number of times I hear of people getting sick or dying in their 40s, 50s, 60s and 70s tells me that doing work we dislike with the hope of enjoying life later is a worst-case scenario aspiration.

Fact is, a life void of meaning, satisfaction and enjoyment is unlikely to be fulfilled in retirement.

Instead of counting the days, weeks, months and years until you can retire and quit your job, why don’t you live your life doing what you love now?

Many of our parents signed up for the ‘sacrifice your life and we’ll take care of you later plan’, but we don’t have to. To be able to honestly say “I love what I do, why would I ever retire?” is a rare and wonderful thing.