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Those conversations begin with the client’s vision for their retirement. Inglis says that in the overwhelming majority of instances, clients will say that they want to continue working in some capacity. That could be in contract work, consulting, or in volunteering with their community, charitable causes, or sporting organizations. Some form of work, however, is often already in Inglis’ clients minds when they start talking about retirement.
While Inglis thinks clients have wizened up and realized that just sitting on the dock will get a bit old, they often don’t think about an enforced retirement. Sometimes retirement comes at a time when a client doesn’t want it. That could be in the form of a health setback or a severance package. Inglis helps prepare clients for that likelihood by starting conversations early and creating contingencies for a retirement that comes earlier than clients would have hoped.
“That notion that retirement isn’t a choice is very hard for people sometimes,” Inglis says. “We’ve never been told that it is something we will have to make sacrifices for.”
What emerges from those conversations, Inglis says, is a retirement goal that is less around a hard end date at 65. Instead it’s about finding out if they can retire at 58 if they have to and if they can work until they’re 70 because they want to.
Working longer does not necessarily mean telling a client they must slog it out at a job they hate. Rather, it can open up a new area of possibilities for a client, giving them new avenues for social connection and community which we know are crucial factors in longevity. Inglis says he has clients who can afford to retire, but work as baristas or golf course marshals because they love coffee and golf.
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