Episode 115

What we lose when we retire - security

· 1:33 · Losses

Download mp3

Transcript

We lose a lot of our security when we retire. Having that constant paycheck is just a really nice backstop against our savings and it always made me feel like yeah I could make a couple of pretty good screw-ups but I've still got my income back there to make up for any goofball stuff I pull. Once you retire you don't have the income anymore and you lose that element of your security but it's not just the income. It's this feeling of sort of being off on a raft on your own. You feel like you're just kind of out there and like for example when you're working for a company you usually have like a network of resources around you that help you solve problems. When I had the business I had a team of people that helped sort things out and when I retired I felt like I was just alone. And and and and and that's natural and normal but it's a it takes a big hit on your security just your feeling of safeness. I think it's something that is just natural and you have to go through at least it seemed that way for me. I just felt sort of extra insecure and unsafe for a while questioning all of my decisions. You know wondering like did I you know should I have retired when I did and they all sort of fell away over time. But I think it's just a natural reaction to such a big change. You just lose some security.