Today is Bob Dylan's 70th birthday. His songs helped shape my life. I know exactly where I was when I first heard many of them. The lyrics still figure into how I look at the world.
But I think it is time for Bob to quit touring. He never had a melodic voice -- it was part of his charm. Still, when I heard him a couple of years ago, he sounded like the Siamese tomcat across the street.
When's the right time to quit? Will we recognize when the time comes that we can no longer do what we used to do so well?
One of the risks of managing your money in retirement is that you won't know when you're failing. Insurers argue that this is a good reason to put your money into an annuity. Maybe. A better approach might be to identify someone -- ideally, a professional who you can trust -- to review your situation at least every year and advise you on the sorts of retirement planning steps you should take next. With any luck, this person will be able to tactfully tell you when they think you've crossed the line and need full-time management assistance -- before you've made a disastrous mistake.
In honor of the day, I've pulled out my "Best of Bob Dylan." The album includes: "Forever Young," "The Times They Are A-Changing," "Don't Think Twice, It's All Right," and "Knockin' on Heaven's Door."
These days, I can identify with the first one, read new meaning into the second and third, and hope fervently that I'm not ready for the last one.