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How Will YOU Feel in Retirement? Let Me Explain

February 22, 2023 By E.J. Smith - Your Survival Guy

By vectorfusionart @ Shutterstock.com

OK. Here’s the deal. You don’t know how you’re going to feel in retirement. There I said it. Plain and simple. It’s an unknown, unknown. Sure, you think you’ll know how you’ll feel. But thinking is a whole lot different than living. Let me explain.

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Your Survival Guy spends hours each day talking with investors just like you. You tell me you’re feeling the pressure. You did your job. You raised your family.

Now it’s a whole different ballgame. The truth is, once college is paid for and the kids are out of the house, the pressure cooker starts whistling. The force of the world comes crashing down on you. Questions are asked. Do I have enough savings? How am I going to save enough?

Boom. It hits you. Will I have enough? Will I outlive my money? Rest easy. I’m here to tell you: I don’t know.

A Stroll Down Memory Lane

Yesterday, in my regular conversation with my father-in-law Dick Young, he said, “Survival Guy, I’ve been preparing my portfolio for my entire adult life. I’m talking back in the 1960s, well before Apollo 13. Let me tell you. You do not know how it feels to be taking income from your savings until you are in it yourself. Let me tell you, it’s hard coming up with cash flow to meet expenses.”

“Now granted,” Your Survival Guy thought to himself, “Taking a Global Express 7500 to Paris isn’t cheap. But if you want to travel on the queen of the fleet, in the cleanest air and a low pressurized cabin in order to be fresh when greeting your friends at Le Bristol, you need your rest, and a dump truck full of cash.”

“It’s a challenge, even for me,” he said. “To scrape cash together.”

“I hear you,” I said.

Action Line #1: Who are you going to trust with your life’s savings? What’s ironic is over 50 years ago Fidelity Investments and Wellington (Vanguard) were customers of Dick’s when working in Boston. Your humble Survival Guy worked at Fidelity after graduating from Babson. Now it’s the custodian for client accounts. We’re the customer, so to speak. That’s a lot of history for you.

Action Line #2: In my conversations with you, Your Survival Guy has a front-row seat to hundreds of retirement lives: The needs, the wants, the desires, and the reality. I have a pretty good idea of how you feel.

Action Line #3: What other team are you going to trust with your life savings? When you’re ready to talk, let me know.

Originally posted on Your Survival Guy. 

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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