Why you cannot retire Part 2

Having a source of income creates flexibility and security for a retiree.

Maintaining a source of income in retirement even a modest one can dramatically improve financial resilience.

Income after retirement can:

• Reduce the need to withdraw from savings during market downturns

• Help offset inflation

• Cover unexpected healthcare expenses

• Extend the life of retirement funds

• Provide financial confidence and independence

Even part-time work, consulting, teaching, seasonal employment, rental income, or small business activity can make a meaningful difference.

Sometimes, the goal is not replacing a full salary it’s reducing financial pressure on savings. Retirement Is Also About Purpose. Income in retirement is not only about money.

It often connects to purpose, structure, and engagement. Many retirees find that continuing to contribute their skills, even in small ways improves both financial security and personal fulfillment.

Retirement planning is not just about how much you saved, but also about how you want to continue to live, contribute, and stay engaged. Income becomes part of a broader strategy for living well in the later chapters of life.

The Bottom Line is having $2.5 million saved for retirement is a strong position but retirement success is shaped by decisions, risks, and flexibility.

Maintaining some form of income after retirement:

• Protects savings

• Reduces financial stress

• Extends portfolio longevity

• Supports long-term goals

• Adds meaning and engagement to life

  
  

Retirement isn’t simply about stopping work but it’s about creating sustainable freedom. I will continue to talk about creating purpose after retirement and why it makes sense for everyone to keep your careers up to date.

Yes, I said careers because you may want to pursue multiple pursuits in retirement.

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