The 4 Challenges Of Retirement
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 20 February 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
For many people, the thought of retirement brings up images of relaxation and happiness. However, retiring can also be a time of great challenge. In this episode, we'll discuss the four major challenges that retirees face and provide actionable tips for overcoming them.
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Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.4 | Hello, everyone. Welcome to the Big Picture Retirement Show. I'm your host, Devin. |
| 0:14.6 | joined today by my co-host, John Ross. |
| 0:17.4 | Howdy. |
| 0:23.0 | All right, John, let's talk about the challenges of retirement. |
| 0:27.1 | Okay. |
| 0:27.7 | You know, retirement is something that people work for their entire life in some cases. |
| 0:32.3 | Sure. |
| 0:32.6 | Now, I think there can be an argument made for never retiring. |
| 0:36.1 | Some cultures certainly never have retired. Some people think |
| 0:38.4 | that retirement is a fairly new concept, but that's because people were just dying instead, |
| 0:43.0 | right? And so now we have an alternative of, hey, we've saved up money. Let's stop and enjoy the |
| 0:48.0 | last few years of our life and go do the crap that we've wanted to do all this time. And that's |
| 0:51.6 | the way some people see retirement. Sure. Look, at 62, I'm done. I'm going to retire. And my wife and I, my husband and I, my friends and I, whatever, we're going to take off and we're going to do four cruises a year. That's right. We're going to go see the world. Whatever it is, I'm going to fish every day. I'm going to play golf every day. There's all of these images of relaxation and happiness. The other side |
| 1:12.8 | of retirement is that it can also be somewhat challenging. Absolutely. No question about it. |
| 1:17.6 | There's a very unique challenges that some would say, well, we're just not programmed to retire. |
| 1:22.8 | But then some would say, no, it's just a, it's a new chapter. Right. It's a time of change, which requires some |
| 1:29.6 | adjustment. And understanding what some of those changes are early on before you get there can be |
| 1:34.5 | especially helpful. Well, and yeah, I think that's the, that's the big thing, right, is you don't want to |
| 1:38.6 | find these things out as they're happening to you, right? As they're slapping you in the face, you want to |
| 1:45.8 | know that these are possibilities and then address those possibilities or prioritize them |
... |
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