So retirement provides an opportunity
to do what you want to do,
but you also need to figure outt
you want to achieve in retireme.
Mark Lampkin with Lampkin Wealth
Management is here to share some thoughts
and advice from 5 retirees who e
their biggest regrets about retirement,
which is interesting to hear frm
people that have gone through i.
Yes, it's always nice to hear
from people that gone through i,
but in 32 years, I got to ask yu
two quick questions. All right.
How many cards did Hallmark sell last
year for people over the age of?
Probably not many, 85,000.
So many people have done reallyl
on that first ten years of retirement.
What about that 2nd, 3rd or 4th,
10 years of retirement?
How many years do you think peoe
on average spending retirement?
Oh gosh, Mark, I don't know,
15. You're close. Really.
Yeah. Men are 18, women are 23.
So you're going to spend
20-30 years in retirement.
So I'm going to give you the fie
biggest regrets over 32 years
of people have told me because
we want your that retirement.
Happy for you.
Absolutely. And you know when Ik
through these, I mean a lot of ,
I hear people talk about this, right.
I mean, beginning with not really having
a retirement goal because sometimes we're
adjusting it and we don't know when we
want to retire and don't have a clear
goal. If you're not careful,
your day's going to control you
instead of you controlling your.
The number one thing that I hear people
talk about is 6 months in the retirement.
Like, I don't know how I had time to work.
I'm so busy, I don't know what to do, and
it's because you didn't take time to plan.
So I want you to think about
that because before you retire,
I want you to have a purpose and passion.
I want you to make that bucket .
What are some things that you wt
to do before you pass away, rig?
I want you to.
I know this is hokey for some f,
but use a life coach if you hav,
to figure out what makes you ha,
what makes you stress free.
I want you to establish a routi.
I don't want you to laying in bd
till 11:00 and doing nothing.
I want you to stay social.
I want you to do some activities that
make you happy and focus on that health.
Because retirement,
I want you to live to that age,.
If you want to make it that lon,
I want you to do it.
But without these five things
and without a passion or purpos,
you're going to lose focus.
That day is going to control yod
you're not going to have a happy retirement.
And on the opposite side of that too,
sometimes people say that
they just couldn't slow down.
Like it's really hard to step
off of a of a high paced,
high pressure career job and like figure out,
oh I need to adjust to a slower
pace and be okay with that.
You're a fabulous news anchor,
but you're on all the time.
So when you get to that retirement stage,
it's going to be hard for
you to kind of step back.
I'm used to going full
speed to help my client,
so it's OK to take that step ba.
Retirements about stress free and having fun.
So it's OK to live up that fruits of your
labor and have a good time and stress free.
I still want you to have that purpose,
but I want you to do it because you want to,
not because you have to. What
about starting a second career ?
You know, like the second act
career I hear a lot about?
What about something like that s
would These are by far my happiest retirees,
and they work because they want,
not because they have to.
I've got a fellow named Jim Flod
that lives down in Florida.
He's 90, in his 90s.
He's the oldest door grader at Publix.
Not because he have to,
because he wants to.
So I want you to think about changing
those careers or consulting in your career,
helping being a mentor,
but two to three days a
week when you want to work,
Those are my happy and healthiet
retirees because they got a pur.
What are some of the drawbacks though,
that people will have with early retirement?
Well, if you do a really good
job in, which I hope you do,
working with me, By the way,
if you retire early, many of your friends
are still going to be working, right?
And if your friends are still working
and you don't have that purposed
you don't have those activities,
you're going to cause a lot of stress
on your spouse, which is a lesson that
you need in retirement, right? .
So you got to make sure that you plan that
out and understand if you retire early,
you better do on number one,
that bucket list and that well-being and
knowing what you're going to do or you're,
you're going to call some undue stress.
And finally, what about the importance of,
like, keeping in touch and like
having a good relationship withr
children because they're older,
They may have, you may have grandkids.
I just feel like that probably
plays a lot into mental health.
It does, You know?
And what I've got some clients t
move to Florida and thank God for Zoom
and Facebook Live because they y
in touch with their grandchildr.
But there's a big trend in the US right now.
There's a lot of expatriates or
people that live out to or moveo
other countries at a lower cost.
But that has a huge impact on yr
children and your family because
you don't stay in touch with th.
Or if you let your day control
you and you get so busy,
you lose touch with those kids
and you don't have those Sunday
dinners and you don't watch the
grandkids and you don't go to te
games because you've got XY&amp;Z.
So retirements about balance,
but don't lose touch with what s
the most, which is that family,
that human connections,
that love for those grandkids and for me.
I know with immigration,
Miller and August 14th,
cruise time is when I do retire
or go two to three days a week
because I'll never retire.
Retire.
Those are going to be my
purpose and I can't wait
all great things to consider.
Those five steps to connect with Mark.
Just be sure to go to lampkinwealth.com
or you can call the number on your screen.