BUZ LIVINGSTON: That kind of life

Published: Sunday, August 11, 2013 at 12:53 PM.

Investments, Social Security and Medicare get all the attention, but retirement is more than those three. On more than one occasion, a wife rued her husband’s retirement not because she didn’t like him but he needed something to do. Our occupation becomes part of our persona and without it part of us dies.

My friend Michael Goldman, who was a psychologist before he became a certified financial planner, observed personal financial planning is 80 percent personal and 20 percent financial. Too often we flip the numbers. 

Sometimes retirement is not so much shutting the engine off but changing gears. People often need three to five years to get ready for retirement; the lucky ones get to make the choice. Even if you don’t have Jimmy Buffett’s fortune, envision a perfect day or week in retirement. If you don’t know where you are going any path will do.

My friend Forrest Williams wrote a Jimmy Buffett song “That Kind of Life.” It gives him a reprieve from a chief annoyance plaguing South Walton troubadours  — tourists requesting Buffett covers.

Buz Livingston, CFP has the only investment management and financial planning firm in the entire world headquartered in Blue Mountain Beach. He helps clients along Florida’s Emerald Coast and around the country with financial decisions. Contact him at 850-267-1068 or www.livingstonfinancial.net. For timely financial tweets follow @BuzLivingston.

 

 



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