Crossing Bridges: Aging Not Retirement
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?