I originally wrote this one two years ago, but it remains my most popular post (it also generated the nastiest comments). Today, I post it again for new readers. I also rewrote a bit for those of you who may have read it before. I also wrote an update at the end.
When I share my early retirement dreams with people, the most common argument I get is this: “If you retire, you’ll die. Your life will lack purpose and you’ll whither away to nothing.” Normally, I dismiss this advice as jealousy or incomprehension, but recently I realized that this is exactly what is happening to my parents.
Retirement is the worst thing to happen to my mom and dad. I really believe it is going to lead them to an early death. First, dad.
Dad Forced into Retirement
When the Great Recession hit, my dad was laid off. He was in construction and jobs were nowhere to be found when the economy went bad. He received unemployment compensation for a couple years and then gave up and took his retirement pension. His mental health started going downhill rapidly when he realized he wasn’t going to work again. Continue reading