Finance and Economics > Investing and Saving

“I’m going to work until I die”

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Smurf Hunter:

--- Quote from: Ken325 on October 16, 2018, 09:10:05 PM ---A lot of people have already made this point but I want to repeate it.   Stay active or die.  I spent 10 years working in a medical research lab.  We did some long term studies for drug companies on the side.  People on experemental medications or treatments would come in every 6 months for a physical exam.  Some of these studies tracked people over decades.  When I looked at the data for people who had just retired I noticed about 70% would develop a major medical issue within a year of retiring.  They would have heart problems, kidney failure, develop diabetes, get dementia, you name it.  The only exception seemed to be people who got up and did something everyday. We had one guy in his 90s who was doing great.  He owned 3 small grocery stores and everyday he got up, dressed for work and went to check on one of his stores.  He didn't stay all day but he would drop by for 3-4 hours.  That is the kind of retirment I want.  I heard one person call it an encore career.  I want to get to where I don't have to work then find something I enjoy doing and continue to work anyway.  Maybe voluntering at a state park or own a small shop that rents kayaks.  Maybe I will do volunter work for my church.  I don't know what I will do but I do know that sitting around the house watching TV will kill you.

--- End quote ---

Hard to argue against that advice.

More clinically, are you suggesting that in the first year of retirement a person went from "perfectly healthy" to the diagnosis you listed?

My hypothesis is that a couch potato during working years just became a bigger couch potato in retirement.
If you cram recreation or a side hustle into your evenings and weekends while you work, it seems reasonable you'd do even more M-F/9-5 in retirement.

Ken325:
Yes,  the problems started within a year of retirment.  I'm not saying they died, but people start developing major problems within a year if they just putter around the house doing nothing.  Men worse than women.

Fyrekat:
I've known a few retirees during my 21yr career so far.  Only 1 of them has died suddenly after retirement.  He was diagnosed with stage 4 pancreatic cancer about a year before he retired, and then the year after, had a stroke.  He was a hard working farmer at home, and a Civil / Mechanical Engineer at work.  I think a lot of the problems with retirement only stem from 1) Prior Health followed by 2) Activity.

I'm seeing articles coming out now that show Millennials are "eating their feelings" in some studies.  This will mean that they too will start dying off faster, especially if not eating healthier (though other studies show they do in some cases).

I myself was perfectly fine until one day a few years ago... I went to the Dr. for consistent migraines and found out my BP was 220/125, went through lots of tests, lowered eating habits, lost 40 lbs (40 more to go), and 4 meds, I'm at ~130/80.  I probably won't make it to retirement.  It's all a matter of habits and genetics.

iam4liberty:
I look forward to working in retirement.  The trick is to find a labor of love.  For example, my father made handcrafted wood puzzles, a friend of mine is a "closed-door" gunsmith, and another owns a gameshop.  These were all hobbies which could provide 50%+ of their pre-retirement income.  The Wall Street Journal regularly runs articles on this.  The most recent was a salesman who became a professional magician. 

https://www.wsj.com/articles/a-former-salesman-finds-the-trick-to-being-happy-in-a-new-career-1542381787
A Former Salesman Finds The Trick to Being Happy in a New Career
Professional magician David Bowers realized that people often put off what they really want to do until it’s too late

All his life, David Bowers wondered what it would be like to be a magician. Growing up, he read about magic, attended magic shows and regularly watched “The Magic Land of Alakazam,” a nationally syndicated TV series starring magician Mark Wilson.

But for 39 years, Mr. Bowers was a salesman for Columbia Rubber Corp., based in Beltsville, Md., selling conveyor belts to quarries and heavy industrial operations. He enjoyed the job and was good at it. “All of my customers became friends,” says Mr. Bowers, who lives with his wife in Chambersburg, Pa.

Then, for his 50th birthday party, his wife, Judy, hired a magician to perform. The magician, tipped off by Mrs. Bowers, spoke to Mr. Bowers about what it was like to be a magician—and offered to be his mentor. Mr. Bowers enthusiastically agreed.
...
But in 2008, Mr. Bowers says he realized something. “People in life wait to do things, and then something happens and they don’t get to do it,” he says.

He retired from the rubber company that year, at age 62, and set out on a new career as a professional magician.

He performs for people of all ages, from preschoolers to the elderly. Last year, he had 110 shows. His largest show was when he performed before a crowd of 2,000 at a 2014 event in Harrisburg, Pa.

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