Michael E. Leonetti , CFP, is the president of Leonetti & Associate, a fee-for-service financial planning firm based in Buffalo Grove, Ill. .


Bob from MA posted over 7 years ago:

Interestingand insightful article about the "day after" retirement. I just turned 66 and plans for retirement are to keep running my company and working. work is enjoyable, fruitful as I help solve companies problems which is fun and I get paid for it! Why retire?

Gaston from FL posted over 6 years ago:

I agree 100% with Bob

Rick from CA posted over 6 years ago:

I hate my job, I can't wait be not be there!

John from PA posted over 6 years ago:

I had to retire at age 77 because of events too detailed to explain here. I've read the Article and through observation can attest to the on-target observations. I have children and grandchildren that need my support both material and guidance wise. I'm still hung up on whether I should pursue remarriage or golf.
I need to do more of something but am struggling to earnestly get moving. Overall, I guess I'm a lucky guy.I hope I don't fall into a rut.

Robert from WI posted over 6 years ago:

Your retirement program is related to what kind of a boss or employee you were when working. Crappy boss/employee equals crappy retirement; disciplined boss/employee equals disciplined retirement; creative boss/employee equals creative retirement; and so on. Of course, there are many shades of gray between the different types, but the point is you do not change your spots simply because you have retired.

Richard from NM posted over 6 years ago:

Good article with realistic scenarios and advice. The problem is, you don't know what you want/need until you stop. Perhaps the most enjoyment most people get is from volunteering their time to help others, esp while they are in their younger years.It is a chance to "give back" and foster the ability/attitudes of the next generation. Being a sedentary retire is the same as dying too young.

Larry from IL posted over 5 years ago:

I had to retire early because of 3 cervical spine surgical precedures which left me disabled and in constant pain. I received generous disability payments until age 65. At that time, I had several million dollars saved, and I anticipated living well on the iterest from savings. Bernanke's zero interest rate policy ruined that assumption and it is not likely to change, since our country has difficulty meeting our interest obligations even at current interest rates. I think zero interest rates will persist for decades. My standard of living has decreased, as it has for most retirees.

Michael from NY posted over 5 years ago:

I had actually planned to "die in the saddle," but circumstances with my job changed. I was in a position to take an early retirement at 52, and I did. I had the funds to do it, and have more spendable money now than we did then. But years of living below our means became an ingrained habit, and we continue to save.

I had been offered an early retirement the previous year as well. I almost took it, but decided against it. I spent the next year designing a retirement plan for what I would do. I have always had a lot of interests, and my health is good. I enjoy cutting and splitting a couple of cords of firewood a year, and it keeps me in shape. Gardening, woodworking, gem cutting, photography, cooking, and lots more.

My wife had a more difficult time in her transition, but after six months or so she adjusted well. She is more people oriented, and spends a lot of time with young people helping them handle their money and such issues that many kids have no clue about.

Having been trained in the physical sciences, I could spend my entire time just trying to keep up with the barest of tips in those studies. So far I am thirteen years into retirement, and the plan is working well. I have been bored twice when my back acted up. I have also planned activities for the time when I am physically incapable of some of the above mentioned avocations. But being flat on my back is problematic, and is the one thing I fear. Otherwise I am enjoying myself tremendously, and expect to do so for some time.

E scott Ray from TX posted over 4 years ago:

I quit working for my employer two years ago; just before age 67. I'm re-establishing contact with high school and college friends and family members around the country. Fixing up around the house and yard is also a focus, to make time spent here more enjoyable for myself, the wife and kids, but travel to meet up with friends and relations is the best! This is great as long as my wife and I stay healthy and active.

Kate Perry from MN posted over 4 years ago:

Ah at last I found a thoughtful article for my husband who is contemplating "retirement" seriously this year. This is due to a series of unfortunate and negative circumstances not his own choosing. All things being equalled, he would have liked to continue with his work (most of the time challenging AND satisfying) so he needs to "plan" how to use the long days ahead of him. Finance is not the issue.

Wish there were men's group that they can use the forum to deal with these transition issues and learn from each other. My life's work or engagements been evolved organically as each stage beckons me to adjust and adapt to different meaningful work/activities. Much much harder for men to do so. If the author were near by would love to engage him in some planning/discussion for us.(even fee based)

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