Money in Your 60s: The Retirement Reality Nobody Talks About

Now, Jenny, you mentioned mistakes earlier and I would love for us to dive into what are some of the biggest mistakes people make at this stage or what do you hear around regret? Hmm.

The biggest

one is, what am I going to do? So they tie themselves to their purpose around life as what their job is.

So are they the CEO? Are they the chief accountant? Are they the school teacher? Whatever it is, and then all of a sudden, that's no longer there.

So what am I actually retiring to? So we try and turn that around with clients to start very, very early on in our relationships.

What is your purpose? What really, you know, what lights you up? What's important to you in life? And therefore, what are you going to replace? What's your routine going to be when you stop going to that? I'm going to call it a nine to five job.

Most jobs aren't nine to five, but bear with me there.

What's going to happen when that stops? What are you going to do with your time? You know, you can't play golf.

If you've been playing golf once a week, you can't play golf seven days a week.

As someone new to golf, I wish you could.

And as my mother said to my father when he retired, darling, I married you for better or worse and not for lunch.

So get out of the house and make sure you're doing things.

So that's the other thing is, you know, you've got that retired husband syndrome.

Sometimes it's the reverse.

It's the, you know, retired wife syndrome.

I love

this, Jenny, because I have had

so many couples in front of me and I've spoken to many people that have just like, I don't want them in there.

house.

Like I've had a pleasant life until now.

I don't want them there 24 sevens.

Mom had a routine.

She knew what she was doing and she had a purpose.

And, you know, her purpose was, you know, I can't remember now, but, you know, Monday was doing this, Tuesday was doing this, da, da, da, da, da, through the week.

And so all of a sudden dad, you know, retired and he thought he was almost going to have lunch made for him.

Now, Jenny, you mentioned mistakes earlier and I would love for us to dive into what are some of the biggest mistakes people make at this stage or what do you hear around regret? Hmm.

The biggest

one is, what am I going to do? So they tie themselves to their purpose around life as what their job is.

So are they the CEO? Are they the chief accountant? Are they the school teacher? Whatever it is, and then all of a sudden, that's no longer there.

So what am I actually retiring to? So we try and turn that around with clients to start very, very early on in our relationships.

What is your purpose? What really, you know, what lights you up? What's important to you in life? And therefore, what are you going to replace? What's your routine going to be when you stop going to that? I'm going to call it a nine to five job.

Most jobs aren't nine to five, but bear with me there.

What's going to happen when that stops? What are you going to do with your time? You know, you can't play golf.

If you've been playing golf once a week, you can't play golf seven days a week.

As someone new to golf, I wish you could.

And as my mother said to my father when he retired, darling, I married you for better or worse and not for lunch.

So get out of the house and make sure you're doing things.

So that's the other thing is, you know, you've got that retired husband syndrome.

Sometimes it's the reverse.

It's the, you know, retired wife syndrome.

I love

this, Jenny, because I have had

so many couples in front of me and I've spoken to many people that have just like, I don't want them in there.

house.

Like I've had a pleasant life until now.

I don't want them there 24 sevens.

Mom had a routine.

She knew what she was doing and she had a purpose.

And, you know, her purpose was, you know, I can't remember now, but, you know, Monday was doing this, Tuesday was doing this, da, da, da, da, da, through the week.

And so all of a sudden dad, you know, retired and he thought he was almost going to have lunch made for him.