Have you thought about when you will retire, or what you will do with all that spare time? If you’re a baby boomer, that may still be a foreign idea. Like many, you may be well entrenched in your career, in your highest earning years, with the kids out of the house and perhaps still paying for college.
Do you even want to stop working? Well, maybe the job you’re at right now. Perhaps it’s time to start thinking about where ideally you’d like to be in 5 to 10 years. That sounds like a question you’d ask a twenty-something fresh out of college. However, that question may be far more relevant for today’s pre-retirees.
After all, young adults don’t have a lot of options. They have to get a job–and for many these days that means any job they can find. For the majority of young people, their careers meander for awhile until they begin to focus on what they really want to do, and what they’re good at (not necessarily the same thing). So asking a 25-year old where he wants to be in five years may be asking him about his wildest dreams.
Asking someone in their 30s or 40s may not be much better. Those are the years when you finally get a foothold in your career aspirations and are less inclined to make a change to pursue new interests or opportunities. Not to mention that reliable income the key to raising a family and paying the mortgage.
However, for someone mid-career and middle age, not so much. You have options. You have resources–albeit perhaps not as robust as you may have hoped for by this age. But still, owning a home, making a good salary and having the knowledge and experience to know that you could find another position if you needed to–that’s no small matter. That’s called success.
The fact is, you may well be in the prime of your life. Now is when you can set yourself up for a truly positive and empowering future. You may be on the “treadmill” now, as referenced by a recent New York Times article, but high-earning years combined with reasonably good health, equal strength and empowerment.
You don’t have to be 27 to seize the day–and many 27-year olds don’t have the confidence, experience, and resources to do so. “Carpe diem” should be the anthem of today’s pre-retirees. You’ve weathered difficult times and learned first-hand that economics are cyclical–much like life experiences.
If you’re ready to “take the bull by the horns,” “grab that brass ring,” and every other cliché previously attributed to energetic youth: Now is the time. Consider converting and/or repositioning the wealth you’ve accumulated to set your course for a brighter, more fulfilling path to the future.
Every industry out there is working hard to cater to your generation, your needs and your retirement, so we’ve lots of tools designed for just that purpose. Let’s get started taking advantage of them.
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