Are YOU Ready for Retirement?

Older PeopleWork used to be a means to an end.  Mostly men, and some women, finished their formal education, high school or college, and if they were lucky they found a good job.  And then they continued to work for that same company for the next 25, 30 or 35 years until official retirement.  But sometimes it did not work out that way.


Some people, try as they might, did not secure a good position with a reputable, successful company.  These people moved around from job to job, losing their health insurance, losing their seniority, and losing their retirement benefits. Some people, like my step-father, were suddenly given an early retirement before they were ready, with no option to remain at the company.  And then there were the unfortunate employees, over the age of 50, who were suddenly laid off and found it increasingly difficult to find new employment.


Times have certainly changed.  Most young people today are not expected to remain at the same company as a loyal employee for the rest of their working life.  Many people are venturing out to build their own businesses so that they do not have to be dependent upon a company or a boss.  And many older people continue to learn and grow and explore new business opportunities.


When we have our youth and our health it seems as if we can go on producing and creating forever.  But there comes a time when we need to cut back on a strenuous work schedule and take care of our health and personal needs.  There comes a time when we decide to retire from the full time job or business we have spent years doing.


Will YOU be ready for YOUR retirement when the time comes?  Will you have accumulated adequate funds to support the lifestyle you want to live?  Will you have the relationships and skills to participate in fulfilling and stimulating leisure activities?


My friend, Alan Jenkin, and his wife, Billie, have written a powerful blog post asking this very question.




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Dr. Erica Goodstone




1 Alan Jenkin { 04.14.14 at 7:35 pm }

So true, Dr. Erica – I know I expected to work with one company until I retired with a good pension. Some of my friends did that, but I ended up working for several different companies, mainly from choice, but also because some of those companies folded or were bought out.

Thanks for an interesting post on how things have changed in just one generation, and extra thanks for the referral to our post!

Alan Jenkin recently posted..Are You Ready for Retirement?My Profile

2 Dr. Erica Goodstone { 04.14.14 at 10:36 pm }


Your post inspired mine so it was only right that I linked to your post. Thanks for sharing some good information.

Dr. Erica

3 Paola Fuentes { 02.20.15 at 8:41 pm }

Exactly why I’m starting to save and invest. Better safe than sorry, right?
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4 Dr. Erica Goodstone { 02.22.15 at 10:29 pm }


Saving and investing and getting trained for new ways to bring in income. All of that works together to create a comfortable future. You are on the right track.
Dr. Erica

5 Mark { 05.24.15 at 8:21 am }

That’s a really great question Dr.Erica!

And you shared a really important point about what tends to happen (especially) now a days whenever a full time employee moves from job to job.

They lose (at least temporarily) some form of heath Insurance they may have previously had!

And your other point which is equally important,that many people found out, especially during the dot com bubble.

And that is, you will probably have multiple employers, long before your reach conventional retirement age!

Thank you for sharing some great points!

And I definitely what to read Alan Jenkin has to say about it as well!
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6 Dr. Erica Goodstone { 05.24.15 at 12:24 pm }


I was fortunate to have been a professor during a time when I had tenure and a pension. Nowadays, it is more difficult to maintain employment with the same company for a long time. Now it is important for each person to plan for their own retirement through 401K’s, investments and serious planning for the future. Many people who enjoy living for the moment can get into dire circumstances in their later years, especially if they do not have a lot of family and some good friends to lean on if needed.


Dr. Erica

7 Joy Healey { 02.21.16 at 3:24 pm }

Hi Dr Erica,

Preparing for retirement has been on my mind too! I wish I had prepared many years ago, but better late than never!

The health aspect of retirement is an interesting one, because my Dad never had a day’s ill-health until he “semi-retired”. Now, in his 90s he is still active in his business, but had never been as healthy as he was when he was working 12 hours a day 7 days a week!

Joy – Blogging After Dark

8 Dr. Erica Goodstone { 02.21.16 at 11:43 pm }


I know that I am personally much happier when I am involved in a project, whether it is work or a sport activity like tennis or music like guitar. Just retiring to sit and watch TV or to focus on taking courses to learn without implementing something would feel strange. I know many people who have officially retired and no longer work. That’s not me. I retired from a full time professor position after 25 years. And now I have a small private counseling practice and a growing online business.

Dr. Erica