Dear everyone: Please stop asking me when I’m retiring. The answer — though it’s none of your business — is that I happen to love what I do. In fact, I may never retire. I didn’t work hard for years to position myself as a leader in the literary/publishing world only to walk away..
I am 60 and I could have 20 more years of this!
The widely accepted norm to retire by 65 was established in 1935, with the creation of the Social Security Act. This was based on the average American life expectancy at the time, which was 60 for men and 64 for women. Obviously, this has changed as we all know vibrant, healthy, still-employed people 80 and beyond!
I don’t want to retire, and why the heck should I? I have some older friends who have been retired for a while, and they all complain about boredom and being depressed because they no longer feel “relevant.”
Every morning, I look forward to my job, evaluating book proposals and then reading the finishing manuscripts. Each project is spent flexing my brain, fanning my creativity and feeding the lifelong learning that is essential to fuel longevity. So unless you are a financial planner with some quick ideas on how to turn thousands into millions, you should not be asking me that question for a number of very good reasons.
I want to make it clear that I don’t begrudge anyone making different professional decisions. If you’ve done well enough and are inclined to retire and travel the world, or pursue full-time philanthropy, congratulations. I’m sure you worked your butt off and deserve what you earned. Enjoy every minute of it!
And in your case, being asked the “when are you going to retire” question is a welcome opportunity for you to share the good news — that you have enough savings to live your dream and finally relax. For most people, however, it is a loaded question that forces them to decide in a nanosecond whether they want to say: “It’s none of your darn business!,” or “I love my job, why would I stop?” Or the half-joking response that often has an element of truth to it: “I can’t afford to retire!”
However innocent you might think the question is, asking someone if they are retiring does have an undercurrent of implying they can afford to ditch the job. It also comes off as a query into the way they’ve handled their personal finances, i.e., “Did you invest and save wisely over the years? Or were you profligate?”
The question could also bring up a misfortune experienced by an older person still on the job. Maybe they endured a 401K wiped out by a stock market plunge, or a bad investment that cleaned them out. And imagine how a victim of age discrimination would feel being asked that question.