KlangFool wrote: ↑Mon Mar 11, 2019 4:38 pm
There is a risk of working longer than necessary. Then, you may not have enough healthy years to live your life. In that situation, you do not get a chance to do it over.
Your life your choice.
We like to think that it is all about the entire journey
we have here on earth (one life, one shot), not just the portion of the journey after work that we call retirement. Or the portion of the years we call work. Or the portion of years we call before work.
For those reasons, no matter who we are talking about, we would take issue with the concept that all those years we spend leading up to retirement don't count as the major part of the journey we do indeed enjoy as healthy years living our life
. In fact, for most of us, those years represent the majority of all our years we get here on earth. The way we see it, the real risk is not to live your life
in that larger portion of the journey.
I am going to agree with your words of "your life, your choice". Our choice would be to live your life through the entire journey.
The OP - TheTimeLord - did mention: I guess you might be correct for some of the early FIRE types but I haven't found it to be the case I can't live my life while working. I have had many rewarding trips, adventures and experiences while working, beginning in my 20s and continuing up until today.
It is true we only get one shot at retirement (for most of us, that will equate to only about 13%
of our life*). It's also true we only get one shot at our life leading up to retirement (for most of us, that will equate to about 87%
of our life*).
*Based on retiring at age 65 and data of lifespans in the US found here: http://fortune.com/2017/12/21/us-life-e ... cond-year/
We cannot ignore the largest portion of our lives - as in all those years before retirement. In other words, don't save all your living and enjoyment of life for that small percentage known as retirement when the body will most likely not be able to do what it could do in the years leading up to it.
Everyone should make a list of what they have done up to this point. Break it down into percentage of life to date, and especially don't forget to reflect and review on all of the things you enjoy doing, and what you have already done in the largest part of your life (all those years before retirement).
It helps put things in perspective of what you might still want to do, or perhaps not do during the shorter part of your life (retirement). Then one can decide if they are retiring from
something or to
At age 57, I've already spent 18% of my life living, working, and traveling overseas.
At age 57, I've already spent 26% of my life walking our dogs on a daily basis.
At age 57, I've already spent 44% of my life parenting two wonderful children.
At age 57, I've already spent 47% of my life enjoying fine wine.
At age 57, I've already spent 56% of my life madly in love.
At age 57, I've already spent 75% of my life enjoying the thrill of driving a car.
At age 57, I've already spent 77% of my life with a job and producing income.
At age 57, I've already spent 79% of my life enjoying golf.
At age 57, I've already spent 80% of my life enjoying skiing.
At age 57, I've already spent 81% of my life singing loudly and enjoying it.
At age 57, I've already spent 89% of my life playing piano badly.
At age 57, I've already spent 90% of my life reading books.
At age 57, I've already spent 91% of my life enjoying riding a bike.
At age 57, I've already spent 92% of my life enjoying live performances.
There are other things I didn't list, but you get the idea. Each individual has to decide how much emphasis, time, and effort to put in on the phase of the journey we call retirement. However, most of us spend the vast majority living our lives in the phases prior to retirement.