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Retirement Lifestyle Lessons from Venice

The trip to Venice was an experiment.

Venice

Venice (Photo credit: Monosnaps)

I keep talking about ‘outrageous retirement’ but my retirement lifestyle has been pretty routine so far. I say that I want to do unexpected things and cling to the ordinary. Part of the reason for this is inertia but there is also fear. What if I don’t have what it takes to live outrageously? What if I fail? Finally I pushed outside the ordinary and planned the trip to Venice. It wasn’t the ultimate adventure- but it was a start, a test to see if my wife and I have what it takes.

At age 70, I was in denial about the aging process. I believed that sheer will and determination was enough to overcome the inevitable breakdown of my body. I believed that I could do the same things, in the same way as a youngster of say 45 or 50- at least that’s what my conscious mind way telling me. My subconscious was more suspicious. It knew that even though the mind was willing, the body might not be able to deliver.

It’s been a goal of mine to travel more in retirement. I have been talking the idea up for years, always with the excuse that tomorrow would be better than today. Tomorrow I would have more money. Tomorrow my wife’s business commitments would be less constraining. Tomorrow, I would finally get all the ducks lined up and do the trip right. The excuses sounded rational but they were really masking the fear that it just might be too late.

 We took action!

About one year ago my wife and I had a serious discussion and decided that we might not be able to do everything but we needed to do something before the aging process made it impossible. I wanted to go for a month but we didn’t have the money. We used frequent flier miles and booked a ten day trip to Venice. We wanted to know if we could be happy spending an extended time in one city and we wanted to find out how we would like living in an apartment away from the tourist bustle in a foreign country.

If we were still wanting more after ten days in Venice, then surely a month would be even better. We would also be learning what we needed in our rented apartment and what we didn’t and learning the tricks about traveling. We would also be finding out whether we were physically capable of making an extensive trip and more importantly, whether we would enjoy it or discover that we were just too old- either mentally or physically to enjoy travel.

So what’ the verdict? 

Well, today, the experiment is officially over. We are back at home and getting into the routine of normal life. It is time for reflection, analysis and honest discussion about the trip. What went as we expected. What surprised us- both in positive and negative ways. What did we learn and can we use our lessons to make the next trip better?

The quick answer is that we are very excited at how well the trip went. We enjoyed every minute even though we found that our bodies weren’t so resilient as they used to be and we took more down time due to aching muscles and bones. That in itself is an important lesson and an even better justification for staying longer. An hour or so napping or reading is wonderfully refreshing. We found the Italian lifestyle with it’s long mid day break quite in sync with our not so strong muscles.

Our time in Venice was too short. We only scratched the surface of a fascinating city and we had no time for the reading and sketching that I had hoped to do. A longer trip would provide a more relaxed visit with a day off from time to time for R and R. We could easily have stayed on longer.

 It was outrageous!

So to conclude today/s report, the experiment was a success. The subjects survived and the lessons learned will help us plan the next trip. I will have more about specific aspects of the trip but the general conclusion is that for aging individuals with no serious health problems and an adventurous mental state, travel is wonderful. At least a long term stay in an interesting environment with adequate amenities like our stay in Venice. We came back refreshed, stimulated and ready to see our regular lifestyle in new ways. More importantly, we came back excited to plan our next trip. Time’s a wasting.

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Retirement: The myth and the reality

I ran across this contrarian view about retirement recently. I’ll tell you where I found it later. Right now I’m interested in your take on the quote. Have we been sold a bill of goods?

1. Retirement is Worst-Case-Scenario Insurance.

Retirement planning is like life insurance. It should be viewed as nothing more than a hedge against the absolute worst-case scenario: in this case becoming physically incapable of working and needing a reservoir of capital to survive.

Retirement as a goal or final redemption is flawed for at least three solid reasons:

a) It is predicted on the assumption that you dislike what you are doing during the most physically capable years of your life. This is a nonstarter—nothing can justify that sacrifice.

b) Most people will never be able to retire and maintain even a hotdogs-for-dinner standard of living. Even one million is chump change in a world where traditional retirement could span 30 years and inflation lowers your purchasing power 2-4% per year. The math doesn’t work. The golden years become lower-middle-class life revisited. That’s a bittersweet ending.

c) If the math does work, it means that you are one ambitious, hardworking machine. If that’s the case, guess what? One week into retirement, you’re be so damn bored that you’ll want to stick bicycle spokes in your eyes. You’ll probably opt to look for a new job or start another company. Kinda defeats the purpose of waiting, doesn’t it?

I’m not saying don’t plan for the worst case—I have maxed out 401(k)s and IRAs I use primarily for tax purposes—but don’t mistake retirement for the goal.

Do we need to rethink retirement?

The passage on retirement above is lifted from a book about lifestyle design. I think the general philosophy is that instead of setting work and income as an objective, you set out to live a lifestyle that makes you happy. Work and income is involved but in an integrated  way. Income is not the objective. Income is the means to an objective. I don’t know if I am buying this but it is making me think. What I do know is that what our society is selling right now is not working. It is breaking down before our eyes. Jobs make people dependent which might have been acceptable when employers (companies) were stable. These days, what company do you trust to be around when you retire? Can you afford to be dependent?

Do we need to rethink life?

Today, I’m fishing. I’m digesting the quote above and trying to get into the rest of the book. Maybe you know the book and recognize the discussion. Maybe you don’t. Either way, I am interested in your reaction. What do you think about retirement planning? What would you do differently (or what changes have you made) based upon today’s economy. What advice would (do) you give young people who are just starting their lives? And if you don’t recognize the passage but want to know how to become part of the new rich, just follow the link.

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