Archive for January 19, 2015


I am a writer, and I hope that someday to gain some success. I am also a retired scientist therefore, have some knowledge of this game of ‘the good retirement’ you might say I gained through ‘on the job training’. With that in mind, I am writing a piece that many will find discouraging and I’m sure with which many will disagree. I can only speak from experience, and for myself. With all the talk about retirement, due to that nasty habit we have developed by living longer, I thought I’d voice my experience. Nothing you read here may help you. My hope is that someone out there may benefit.

Here we go.

Other than being a writer, I am a person trying to survive in today’s world and economy. I think I have the secret, at least for myself and maybe those young and prudent out there (that’s a hint as to what is coming up) to a secure life after you retire. If you are beyond ‘young’ you will not enjoy what I’m about to say, but such is life, but then again, you may have journeyed down the right road early on.

Newspapers, periodicals and direct mailings focused on seniors tout the way to a retirement where all your dreams are fulfilled. Where life will be a comfort and no worries will cloud your future. Once you reach a certain age, you will bombarded with offers to free dinners at the trendiest local restaurants to listen to the profits of retirement success. The only success realized will be their own profit.

I’m not saying that you don’t need advice, but what you get at these fancy restaurants may not be the most helpful. Could even hurt you.

I’m not going to give any specifics, but what follows next is fact. You just have to believe me.

My first experience with a financial adviser was through my employer, a large company with many who signed up. After my wife and I provided all the data asked for, he asked me, “How you like to retire at 57?” Who wouldn’t? As time went on and our daughter set off to attend NYU, during a meeting he just mumbled saying, “I don’t know how you’re going to pay for it.” That retirement ‘at age 57’ went out the window. Eventually, we heard about another adviser with a local reputation.   Word of mouth, the best way to a reputable business whether it’s plumbing or investments. We decided to change advisors and that’s when things got a little ugly. Attempting to switch our investments for one to the other was like pulling hen’s teeth. The new advisor expected there to be difficulties and he was right. To make a long story short we are very happy with our new man. Oh, and he doesn’t charge a fee, only takes a percentage of our profits. If we don’t make money he doesn’t.

So if you’re at that golden age to take action, stay away from the free meals, unless you’re really hungry. To my mind, it’s all bullshit… to be continued.

January 19, 2015 at 9:08 pm Leave a comment


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