How Opportunity Cost Tells You When to Retire
by Mike Bellah
“What will you lose if you retire too late?”
Do you want to retire but are afraid of what you will lose if you pull the plug too soon—things like lost wages, a reduced pension and social security benefits? Should money be your only concern?
Dr. Bellah asks a different question: What will you lose if you retire too late?
How about time with grandchildren when they are still children and actually want Grandpa to take them fishing? Or extended travel when you and your companions are healthy enough to go? Or things you always wanted to create—paintings that might go unpainted, furniture unbuilt, songs unwritten, quilts unsewn, photographs untaken, a garden unplanted, a memoir unwritten?
Using extensive research and inspiring personal stories, Bellah lists dozens of “opportunity costs” you could experience by delaying retirement.
Bellah’s seven retirement books include the #1 bestseller 1001 Fun Things To Do in Retirement.
Should you retire tomorrow? Read this book and decide.
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Note to reader: As you’ve probably guessed, I’m making these blog posts into a book. I’ll keep you posted on my progress. For now, what follows is my draft of the last chapter. Thoughts? But You Haven’t Said Anything about Retirement. No, I haven’t. Well, actually I did. Because if walking is a metaphor…
“What’s next?” The question came from a podcaster who was interviewing me about my seminal book on retirement. “Well, I’m not sure” was my answer. “Seven years in, I’ve fulfilled many of those initial dreams. The house is built; the books are written; I’ve taken new hikes, traveled to new places, reconnected with friends and…
So evidently my book is a gift. At least that’s what Amazon is telling me. Customers who buy 1001 Fun Things To Do in Retirement are not looking for a retirement book. They’re looking for a retirement gift. And not just any gift will do. They want something fun. As did I. Ironic, huh?…
