As part of our retirement planning, my husband and I are designing a new home. We're including a couple of offices because I've worked from a home office for 15 years, and my husband contemplates working from home when he finally retires from his full-time job -- if that ever happens.
My husband will be 65 in a month, and he's finding the idea of leaving the workforce unappealing. For one thing, his company was sold recently and he received some financial encouragement to stay in the saddle. He was initially afraid that the acquiring company would change its mind, but nearly six months have passed and he's more comfortable with the new ways of doing things. He sees a place for himself in the foreseeable future. When his boss asked him last week about his plans, my husband told him that he may work another five years.
I was grumpy at that news. I shouldn't be, though, because I benefit from his continuing commitment to bringing home a paycheck. But working has a price -- your time isn't your own. I'd really like for us to be able to do some of the fun-but-time-consuming things we've talked about -- like taking the boat from Detroit to Chicago and back.
In response to my grumbling, my husband ran the numbers on our retirement plan and showed me that for every additional year he works, we'll be able to buy more of the comfort and freedom from worry that neither of our parents were able to enjoy. His dad was a truck driver; mine worked on the line at National Cash Register. And both sent their children to college so we could avoid doing the kinds of work they did.
We've been enormously lucky and we're grateful, but my husband thinks we should be doing what we can to pay it forward -- make sure that our own children have even more opportunities than we did. I'm not so sure about that. We sent our children to college. We helped them get on their feet, and now that they are in their 30s or close to it, I'm inclined to think that they are on their own.
If there's money left when we're past needing it, I hope they use it well. But I'm not offering any guarantees. As far as I'm concerned, their inheritances could be fond memories.