About 30 days ago, we talked about Life After Work which was more about the quantitative process of retirement. This month we want to discuss “Epic Retirement” is more of the qualitative process of retirement. Quantitative and Qualitative may be causing some of our listeners to say, what are you talking about? So let me break it down like this last month was about the money and this month is about the quality of retirement.
When retirement was created people only lived for 1 or 2 years as retired. Now, it is not uncommon for people to spend 25 to 35 years in retirement. A WSJ article indicated if you delay your retirement by 1 year, you could increase your longevity by 11%. EPIC stand for Engage, Purpose, Integration and Challenge. If you have these four things in your retirement, you can have a successful retirement. Some people are looking at their retirement accounts as their autonomy fund or independence account.
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