What does retirement look like to you?
“To hear the financial services industry tell it, retirement looks like a distinguished gray-haired man and an attractive silver-haired woman walking hand in hand down a magnificent beach, enjoying the sunset while gazing lovingly and contentedly into each other’s eyes,” says Certified Financial Planner Howard Pressman.
“They don’t have a care in the world, and why should they? They are retired.”
But is there a dark side of retirement that no one talks about?
Yes, believes Pressman, who shares statistics and suggestions with reporter Sonya Gavankar on today’s episode of Let’s Talk Live!
- In a recent article that you penned for your publication, Egan Berger & Weiner Financial News, you say that there is a dark side to retirement that few people talk about. Tell us about that.
- You point to some disturbing statistics, including the fact that the number of older people treated for cocaine and alcohol abuse tripled from 1992-2008, and according to the Centers for Disease Control and Prevention — white men over age 65 take their own lives at a rate of 29 per 100,000, which is triple the overall rate. What do you attribute that to?
- To keep from becoming a statistic in retirement, what do you suggest people do?
- You also want people to know that retirement is more than a financial event. Explain what you mean.
Click here to read more of Pressman’s ideas in his article The Darker Side of Retirement.
And click here to learn more about Egan, Berger & Weiner LLC: EBWFinancialNews.com.