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Too busy for retirement

By Jennie L. Phipps · Bankrate.com
Sunday, April 10, 2011
Posted: 10 am ET

Retirement sounds good, but when faced with the reality of hanging up their  work boots, many of us are too busy to embrace the prospect of life without a job.

Sixty-five-year-old Lakers Coach Phil Jackson told the Los Angeles Times on Friday that he was ready to quit. He called professional sports an "unhealthy lifestyle" and said that he had planned to quit at 60, but one winning season after another kept him in the game.

But despite having no desire to work any longer, he says he knows he's going to miss it: "There's no doubt that's a big empty hole in your life," he said.

People with less exciting jobs feel that way, too. My accountant husband got the nod from his company to only come into the office three days a week. He's been pretty good at staying away on Fridays, but by the time Monday rolls around, he's up at 6 a.m. and grabbing his briefcase. He just can't let go of those debits and credits.

A blog called Hearts & Wallets by a couple of investment gurus surveyed 4,000 investors and found that one in five between the ages of 65 and 75 aren't retired. Of these, about one in four said they had no intention of ever stopping work.

I was mulling all this over after somebody sent me a press release saying that today through Saturday is National Retirement Planning Week. Frankly, after giving the concept considerable thought, I decided that I won't be celebrating. I'm too busy working.

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1 Comment
EIEIO
April 11, 2011 at 7:40 am

My husband is fully retiring next year @ 66. He downsized to 3 days per week a little over a year ago. This was his choice and a way of easing into retirement. Plus it helps us both to get used to the idea of being around each other more hours than usual. I am used to the house during the day by myself as I had to quit work for health reasons several years ago.

It will be hard no doubt for him. I've noticed him saying things such as; I will have to have something else to do with my time. I'm sure he'll find something to do that is fun. But he is content in the fact he will opening up a job spot for someone else in need of work.