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The “New” Retirement

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Is the word retirement outdated? Most say yes, because the word conjures up images of withdrawing, being sedentary, old (in attitude if not age), and non-contributing members of society. Terms like Zoomers, Arrivement, Life 2.0, Next Act, Encore, Third Act, and so forth have been suggested as alternatives (my favorite is the Spanish word to describe retirement, jubilación). But, for the sake of name recognition, I'll continue to use the word retirement.

For some, a long and (hopefully) rewarding job/career followed by nonworking years is the retirement goal. For others, retirement is more of a process, perhaps involving several forays into and out of alternative projects, pastimes, and careers/jobs. Many people hope to do a “phased transition” to retirement and combine more leisure time with work, and some insist they will never retire. Some want to retire by age 55. Others want to be part of the FIRE movement – financial independence, retire early – in which the goal is to live on your own terms by the time you're in your 30s or 40s. With FIRE, you can work full-time, work part-time, or not work – it's your choice. Needless to say, unless you hit it rich when you're young or get a big inheritance, FIRE involves very aggressive saving and investing, and perhaps living a radically different kind of lifestyle. So there are lots of choices. But whichever flavor of retirement you think you might want to pursue, this book will help guide you.

The New Retirement

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