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Darrell's avatar

I took a buyout from a 40 year newspaper career - 35 of those years with the same company - nearly five years ago. We also downsized our excessively large home that we loved and moved to a warmer climate and lower cost of living. Fortunately, I had been on a journey of self-discovery for several years as I watched the newspaper industry deteriorate. As a result, I was already leaving behind my work identity.

My purpose is to enjoy each day. My wife and I love to take long hikes with our poodle in the winter and bike when it is warmer. Yoga fills in on other days. We enjoy a leisurely morning with coffee and the news. The library is our friend. I love to cook so we enjoy preparing high quality meals at home and spend the restaurant money on good wines. We stream perhaps 1.5 hours in the evening. We also manage my late 80s parent’s finances. I say all this to demonstrate that we rarely have time to do all the things we would like. Our days are full.

I am not limited to what I did to earn money for 40 years. What I am is a curious person that enjoys a variety of interests, an stress-free life and the flexibility to enjoy every day. Your purpose can be one thing or many things. I choose the latter.

“Happiness is not achieved by the conscious pursuit of happiness; it is generally the by-product of other activities.”

- Aldous Huxley

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Paul Scott Duesterdick's avatar

My sympathies go out to the man whose father committed suicide after retirement. In the wealth management business we can focus too much on the numbers and not enough on the emotional side of retirement, and having done this for 40 years I have seen a number of clients struggle with retirement.

My father, who worked for Exxon in an oil refinery for 35 years seemed to be doing fine when an early retirement “ reduction in force” offer came his way. About three months into retirement he called me one day and said “I slept until 8 am this morning”…

I took the bait and asked “ What’s so bad about that” and he replied “ If I had slept until 8 for the last 35 years someone from the refinery would have called your mother to see what was wrong with me, but now nobody cares”. Fortunately, or not, my mother had later developed some medical issues that made her more dependent on him and he had new “purpose” around his household, but I will never forget that call and the power of having a purpose to get up every day has on one’s mental well being.

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