What Does Retirement Mean to You?

By
Real Estate Agent with John L Scott Market Center 700512026

What does retirement mean to you?

 

As much of our population of Boomers ages, this word comes up often in conversations, in both personal friendships as well as with clients. When? Will you?? What do you intend to do IN retirement, i.e., what does the rest of your life hold?

 

The word retire came about in the 1530s, from the Middle French “retirer” which means to retreat, to withdraw, especially to some place private. In the 1640’s it took on more of a note of leaving work of some sort.

 

In looking at synonyms, there was everything from “ebb” to “sever connections”. Yin and yang of retirement perhaps?

 

There are those who feel that saying the word out loud is acrimonious. On the other side, some relish the idea, holding it up in the spotlight as a lifetime achievement award.

 

It takes on different meanings in relationship to one’s connection with work, and the meaning derived in life from how you are seen in the world. Also, one’s gender can play a part. In the book Finding Flow, by Mihaly Csikszentmihalyi, he reports, “Because of the different role of paid work in the psychic economy of men and women, the response of the two genders to their jobs is generally different”. He goes on to say, “…women generally experience employment more positively than men.”

 

Retirement isn’t a death sentence, but in working with clients who are preparing for that, it can be viewed quite differently, depending upon the person whose opinion you are inquiring about. Finances, travel plans, healthcare and its costs, creating a haven for family to be included (both sets of generations, parents and children), these are all factors in determining the “when” of retirement. OR the if!! Some look at it with glee, others with trepidation. Some have their entire ego invested in what they “do for a living”, while others feel that they have reached a new plateau of freedom when leaving a career behind.

 

In the real estate field, as in some others, age and gender don't play such a factor. One can work until one’s demise if that is the choice. And in working with clients, age may not have such a hardline either. It’s more related to what your specialty is, your energy level, your relationships, how well you interact and understand your clients and your history in the business. 

 

In buying a home “on a lake” for example (my particular niche market), that can immediately connote vacation or retirement. It can be part time or full time. There is a wide division in those two descriptions in viewing the reasons for buying property where my niche market is, Fishhawk Lake. It is vital to grasp the financial aspects of what the buyer is contending with when deciding which direction they want to go in purchasing real estate that could start out as a second home or even a vacant lot, later to become a full time residence.

 

It may not be so definitive as to what the future plan is and there’s absolutely nothing wrong with that! Two years, five, ten or maybe never retiring is A-OK.

 

It’s not all about the money.

 

"And, in fact, you can find that the lack of basic resources, material resources, contributes to unhappiness, but the increase in material resources do not increase happiness."

Mihaly Csikszentmihalyi

 

Being financially responsible to set up a comfortable place to retreat to is important for most of those in the aging workforce, but equally as paramount for ensuing happiness is finding joy in everyday life, simple pleasures, living in a place that offers solace when the world gets to be too crazy. This starts rising to the top of the list as many of us get older. We learn that money isn’t the ultimate high but simply a means of trade for investing in a joyous aging process.

 Canoe on Fishhawk Lake-photo by Gayle Rich-Boxman

What is paramount for me to comprehend in learning about my clients is this: What is your dream? Why do you want this?

 

 

Not only does this relate to my clients, but in my own life as well. As I ponder my future with my husband, and walk that ever-changing path of life, I see how certain goals that mattered in my 30’s don’t matter one whit now! Realizing that spending an afternoon with friends and having marvelous conversations or walking in the woods with my dogs and my husband are becoming more momentous to me than working a 60, 70 or 90 hour week.

 

I can grasp the importance of supporting this gentle country lifestyle for my clients as well. As a matter-of-fact, I look at it as an honor to present these lifetime “rewards” to them: a quiet lake lifestyle that gives them a sense of peace and offers the simple joy of waking up on a lake in all seasons as they look to “retreat”.

 

 Cabins on Fishhawk Lake-photo by Gayle Rich-Boxman

 

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Topic:
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Location:
Oregon Columbia County Birkenfeld Fishhawk Lake
Groups:
POSITIVE ATTITUDE for the Weary Soul
A Realtor's Life
Be The Best In Your Field
Bananatude
Old Farts Club
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retirement goals

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Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

CONGRATULATIONS Gayle, on having this blog FEATURED in the Old Farts Club group!    

Dec 14, 2017 05:10 PM #32
Anonymous
Patti Irwin

Retirement for people in corporate jobs is a dream..in real estate we are fortunate to be able to work as little or as much as you desire into old age.

Dec 14, 2017 05:50 PM #33
Ambassador
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Gateway to the Lake" 503-755-2905

Ahh, Jeff Dowler you're a peach! My hubby could retire, except he always brings up the healthcare costs, even tho we are EXTREMELY healthy. We're debt-free, but he still chips away at a very stressful job. Maybe a slow fade?

Rick Frissell this story just killed me! (In a good way). I sure hope that you blog about this--it's a great one. BTW, my husband runs the largest  private EMS company in Oregon and is still a paramedic. They sure have some stories, don't they? And thank you for saying that you learned a lot. 

Myrl Jeffcoat I had no idea about your life then and now! How interesting. At some point, I plan to do exactly what you are doing now. And I believe this is my first *feature* in the Old Farts Group--yay! 

 

Dec 14, 2017 05:55 PM #34
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Paul McFadden
Paratex - Seattle, WA
Pest Control, Seattle, WA.

I do indeed and feel very blessed. Thanks!

Dec 14, 2017 07:20 PM #35
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gayle, Diane is always talking about retiring...she works in a law firm... to me it is different, I keep telling her stop counting the years all it does is bring you closer to death:)) so we have a different view of Retiring:)Endre

Dec 14, 2017 11:45 PM #36
Rainer
362,525
Betsy N. Robinson - Serving the Sandhills, NC
Everything Pines Partners, LLC. - Whispering Pines, NC
CNS

Gayle - You got me thinking, not about my own retirement although I am well past that age, but how to market our area as a place "to retreat to", rather than a place to retire to.   Thanks for the inspiration!

Dec 15, 2017 04:22 AM #37
Rainmaker
1,426,287
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Retirement is a topic I have been thinking about a lot this year.  I have a plan...June 30, 2018 will be the last day I will be in the business beyond referrals... sort of a retirement I guess!

Dec 15, 2017 05:25 AM #38
Rainmaker
1,768,875
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have yet to think about retirement, but I imagine I will have a lot of fun with it.  For now, I am trying to stay healthy, so I can enjoy it more then too.

Dec 15, 2017 05:42 AM #39
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I left corporate of America sometime ago to pursue what I wanted to do. Over 10 years ago I helped to write a couple of chapters in TURNING SILVER INTO GOLD

I am having a ball even to this date to do what I feel wanted to do and pursue things I did not know I have a talent.

Dec 15, 2017 07:22 AM #40
Rainmaker
800,634
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Yesterday I got a historical group called. Some archaeological group said my history research work inspired them to go to Tombstone, AZ on a trip. I told them I have never been there. A local paper insisted that I write an article or two about Wild Wild West (China town).

Dec 15, 2017 07:26 AM #41
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Gateway to the Lake" 503-755-2905

Endre Barath, Jr. my husband, Larry and I talk about our plans, present and future all of the time. An ever-moving target...we figure we'll both slow down the pace at some point, when it feels right. 

Betsy N. Robinson - Serving the Sandhills, NC Fishhawk Lake is what inspires me to write some of these thoughts because it IS a retreat for so many. Teachers off for the summer, people who want to get away from the urban crisis, writers, and young families who need to recapture what they grew up with--summers on a lake--and give their youngsters a foundation for another kind of life besides social media. So glad that it gives you a chance to look at your niche in a different way! (And retreat sounds so peaceful, doesn't it?)

Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC that's one of the great things about real estate is that you don't have to quit altogether if you don't want to, but have that pipeline fill a bit more slowly. 

Brian England your great attitude will keep you young forever! Hey, you might want to check out the book The Tao of Bill Murray (he's a total golf aholic), it's filled with joyous moments, some deep ones and he lives life very fully on his own terms.

 

Dec 15, 2017 08:18 AM #42
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Retirement to me has always been a conspiracy by financial planners to take your money from you. Anyone can retire at age 21, if you have your bills covered. Nowadays with zig zag career paths employers toss people out the door and if you pursue "traditional retirement" you often still find yourself on the street running out of money.

Dec 15, 2017 08:45 AM #43
Rainer
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Anthony Kirlew
Fiscally Sound - Gilbert, AZ
Helping You Make Fiscally Sound Choices

Great perspective. To me, I look forward to reTIreMEnt to spend more time with people and serving people. I am blessed to have had many successes, but I also made lots of financial mistakes early on that kept me from being in a position to be in that place right now. One of my missions is to help those coming up behind me by inspiring them to make retirement / financial independence a higher priorty earlier in life, so they can stay in control of their calendar and their time because time is our more precsious commodity.

Dec 15, 2017 08:04 PM #44
Ambassador
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Gateway to the Lake" 503-755-2905

Gary Woltal interesting perspective. How do you work with your clients in real estate regarding this? Do you worry for them? What kind of age group do you focus on?

Anthony Kirlew do you teach from a viewpoint of do learning from mistakes you yourself made? Sounds like you want others you work with to avoid the pitfalls that you fell into. Time is a precious commodity...I like that. 

Dec 15, 2017 08:39 PM #45
Rainmaker
4,334,154
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Congratulations on your feature recognition. I have four years of experience with retirement.

Dec 16, 2017 06:25 AM #46
Rainmaker
2,492,411
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

For me, when I retire, it will be onto the next adventure in my life rather than an ending necessarily.

Dec 16, 2017 04:53 PM #47
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Congratulations on your retirement Roy, once again! You always seem to spend your time well!

Roy Kelley

Dec 16, 2017 04:55 PM #48
Rainmaker
1,396,078
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Gayle - I really don't talk about retirement.  Maybe for me it should be semi retirement.  I have more breaks in between my work and that is different but I could not turn everything off.

Dec 18, 2017 04:54 AM #49
Rainmaker
402,125
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Guy

I march to the beat of of a different drummer. I did retire at 24 and dropped out to become a back to the land hippie, travelled lots, did lots of odd jobs and came back to the work force in my mid 40's as a massage therapist which I combined with travel, studying and teacing Thai Massage and bringing groups to Thailand to study with my teachers. I became  Realtor 18 years ago and figured I'd never retire because of not putting much away to retire. Well thanks to eXp Realty, the agent owned real estate brokerage that provides agent/owners with 2 ways to save for retirement, I can retire. But even being disabled, I still like working and love helping people buy and sell homes, so maybe I'll slow down some and take more vacations. I feel so blessed to be in a position that I can retire, and in a profession I can keep working at as long as I have the physical and mental capabilities to do  so.

Jan 12, 2018 04:57 PM #50
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Gateway to the Lake" 503-755-2905

Michael Eisenberg what a complex and interesting life you've lead! Retired at 24?? My, now that's an opening for a whole fascinating conversation! 

How is that you're now disabled? And how did you discover real estate so far removed from your past careers? And well you ought to feel blessed about being able to retire when you WANT to...we are in that position by being debt free...a good decision, certainly, as it gives you freedoms that others don't have. 

 

Jan 12, 2018 08:01 PM #51
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