Wednesday, April 16, 2014
By A.N. Kini '13
Shuffling into retirement? Read what Lloyd Buzzell ’68 has to say about his voyage into retirement. He notes: “I am no expert on the subject and have only limited experience, but I have some observations that I think are worth sharing.” As a former financial advisor, he is able to offer some practical and insightful advice.
Lloyd is currently a retired freelance writer. He has been a teacher and financial advisor during his career. He has spent time teaching at Mason Youth Institution in Cheshire, CT.
Every day, 10,000 baby boomers are retiring. A couple of months ago, I decided to join the parade at the age of 67. I am no expert on the subject and have only limited experience, but I have some observations that I think are worth sharing.
First, that life has very few certainties is something American workers of all ages have come to appreciate. I bounced through three careers — the middle one being an adviser to people in financial distress. In that role, I became convinced that the best way to long-term financial well-being is to live on less than you make and to avoid debt.
By 65 most of us have accomplished whatever it is we are going to do in the active, growing, generative phase of our lives. While Hillary Clinton may yet want to be president, from speaking informally to other baby boomers, I know that a number of us really don’t want to rise up to new challenges, new bosses and new technology at work. I know I did not.
Instead, it may be time to look beyond the professional realm and to engage in other types of involvements. Or maybe it is time to explore new types of leisure.
Image: c/o New Haven Register/Lloyd Buzzell
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