Crossing Bridges: Aging Not Retirement

a man looking out at a balcony
22 May 2018

Here at PII, we have a live call in radio show Tuesday nights on WMT 600AM, hosted by Doug Wagner.  Our show outline has always been, for the most part, about financial preparation for retirement.  We thought we had “the right stuff” on our outline to appeal to listeners from five states, last week one caller challenged us on our idea.  There is an old saying: “sometimes you have to cross a bridge, to get to where you’re going”.  Live caller Gary reminded us financial professionals that there is more to retirement than just financial stuff. He said, “Hi, I just wanna let you guys know I retired at 59 because there’s no guarantee that I can do the things I can do now at age 70!”

Wow, there you have it!  An “aha” moment on the radio show and the history of PII; we are helping our customers plan for “aging” not retirement.  Thank you Gary, for helping us to see why people “cross bridges” and stop working.  Here are some incredible facts about American’s “crossing bridges” to where they are going to next:

1) 48% of American Women take their Social Security at 62.  43% of American men take their Social Security at 62.

2) 45% of people over the age of 65 are widowed, divorced, or single. Some of these single people begin meeting new people and dating.

3) According to an AARP survey, 99% of Baby Boomers planned to travel for fun in 2017, with an average senior taking five trips!

4) 60% of respondents in a Merrill Lynch study said “spending time with their grandchildren”, was more enjoyable than any vacation or leisure time!

If you come up to a bridge at the end of your working life, are you going to cross it?

 

Listen to last week’s show:

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Jonas Everett

Jonas C. Everett is originally from Cedar Rapids, Iowa, where he still resides with his wife, JoDee, and daughters, Ella and Addison. He graduated from the University of Northern Iowa in 1993 where he majored in Communications. He has 22 years of experience in the investment industry and estate planning business. He is currently a Partner of “Premier Investments of Iowa, Inc.” Jonas is also the founder and creator of “Lighted Tunnel Succession Systems,” which can be found on www.lightedtunnel.com. The last 10 years, he has been in charge of mergers and acquisitions for Premier Investments of Iowa, Inc. In 2011, Jonas founded the National Association of Retired Insurance Agents, to help retiring insurance agents implement their own business succession plans. His main focus is Estate Planning and Investments for Retirees and Pre-Retirees, and he also specializes in Retirement Income. He is a speaker for the Cedar Rapids School Buddies Program for 5th and 6th Graders. In his free time he enjoys golf, reading, and spending time with family and friends.