Tag Archives: retirement

The Stunning Failure of the Contribution Pension Plan

Ask any Millennial what they’ll live on when they retire, and they’ll look at you with a blank stare. First off, they are young (oldest are 35), so age 65 seems a lifetime away. Secondly, most of them are occupied with just getting by, an outcome of living in the gig economy, in which saving is unlikely. And we (the Silent generation and older Boomers), were like that too—someone out there would look out for us, things would turn out. Furthermore, most of them are convinced that retirement with a pension is a thing of the past. read more

Fergus Retires, Clare Has a Meltdown.

Clare was having a bad day. She spun her car around the corner of Quadra and McKenzie one more time. This was her second attempt at finding the entrance to the Lodge. She had driven past it a hundred times, why couldn’t she find it?

It was just her state of mind, Clare knew. She was stressed. This had been a harrowing few weeks. First, there was the excitement and buildup to Fergus’s retirement, the banquet, the phone calls, the well-wishers, the late-night conversations. Then there were the disastrous first two days as Fergus tried out a couple of his retirement ideas. Now the neighbors weren’t talking to her, the manager at Fairmart Center was giving her dirty looks, and Mrs. Pereira had quit her job cleaning their house. read more

Fergus and the Retirement Gremlins

Fergus had gremlins in his head. Retirement gremlins. It was like having mice in the attic, or a monkey on his back. They wouldn’t leave him alone. They were the last things he thought of when he fell asleep at night, and the first things he thought of when he woke up. They never let up, even in his dreams.

“Remember how you could hardly wait to retire,” they gloated, “Remember all of the wonderful ideas you had? Where are they now?”

“Years from now,” Fergus worried, “I’ll still be doing this.” He imagined himself, a stooped old man, trudging along, saying, “What will I do when I retire?” It was not too far-fetched, he already had the stoop, and the trudge. read more

Fergus Blecher Retires, A New Man

Fergus Blecher woke up on the morning of June 28, feeling like a new man. Instead of hunching over his oatmeal and gulping it down, like he did only yesterday, he took his coffee to the deck, shook the rain off one of the chairs, and sat down. He stayed there for a few minutes, peering through the layer of mist over the Finlayson Valley, and waited for reality to sink in.

It didn’t. It didn’t feel real. He felt anxious—like he should be somewhere else. Fergus started thinking about where he should really be this morning. By now, he would be rounding the corner of Cook Street, taking McKenzie Avenue to the Pat Bay Highway, sailing through the construction area of the interchange. After all, it was Wednesday. His turn to take morning playground supervision. Next period, gym. In June, he usually did a relay set-up, had the kids go over what they did in the track meet. Before he knew it, Fergus was rummaging in the hall closet, looking for his whistle. read more

Retirement – The Other Side of the Story

retirementLast week I wrote about retirement. It was an upbeat article, with a few remarks about my experience as a long time retiree, and some links to other blogs and articles. It was well received, with many readers offering their positive experiences. But a couple of readers took me in a different direction—to a less comfortable place, which I’ve always known about, but didn’t really want to acknowledge.

What was pointed out to me was the other side of retirement. While I was writing about the people who were having a happy and successful retirement, I was ignoring the thousands who were not enjoying it at all. read more

Retirement – The Best Is Yet To Come!

RetirementIt seems that there is a rush on retirement these days. I guess that makes sense—the baby boomers are getting older, and many of them are turning 65, some even 70, if they were born in 1946.

When I retired there was little fanfare about it, we decided to retire, we went to the banquet, we got our watch (in my case, an engraved tray) we went home and figured out what to do from there. Nobody speculated about our numbers or least of all, our well being.

We were part of a generation that enjoyed the last of the benefits of a long term secure job, and the last of the pensions that were awarded devoted servants of the system. We owned our own homes, we saved for a rainy day, we went along with the corporate decisions whether we agreed with them or not, and we didn’t complain (that’s why we were called the ‘The Silent Generation’).We worked as long as we felt we were productive, and when the age of 65 approached, we took the hint and moved on. read more