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The	
  New	
  Retirement	
  Story	
  in	
  Italy	
  (3)	
  
By	
  Peter	
  de	
  Kuster	
  with	
  Falco	
  Valkenburg	
  	
  
	
  




                                                                                                                                           	
  
	
  You	
  imagine	
  Berlusconi	
  retiring	
  to	
  a	
  life	
  
of…complacency?	
  
	
  
Strangely	
  enough,	
  millions	
  are	
  in	
  a	
  mad	
  rush	
  to	
  the	
  place	
  where	
  tragic	
  
people	
  live	
  –	
  on	
  the	
  sidelines.	
  Many	
  of	
  us,	
  however,	
  have	
  already	
  seen	
  
enough	
  of	
  our	
  parent’s	
  and	
  forerunner’s	
  retirement	
  stories	
  to	
  know	
  that	
  
this	
  is	
  not	
  the	
  life	
  for	
  us.	
  	
  We	
  have	
  figured	
  out	
  that	
  our	
  life	
  will	
  be	
  one	
  of	
  
challence,	
  relevance,	
  stimulation	
  and	
  occupational	
  adventure.	
  We	
  are	
  not	
  
interested	
  in	
  finishing!	
  
	
  
Once	
  people	
  get	
  the	
  money	
  they	
  need,	
  they	
  are	
  able	
  to	
  better	
  understand	
  
what	
  the	
  money	
  is	
  all	
  about	
  –	
  liberty	
  to	
  do	
  what	
  they	
  want	
  when	
  they	
  want.	
  
What	
  is	
  the	
  point	
  of	
  using	
  that	
  kind	
  of	
  liberty	
  to	
  do	
  nothing	
  but	
  play	
  golf?	
  
It’s	
  hard	
  to	
  convince	
  someone	
  who	
  doesn’t	
  have	
  the	
  money	
  that	
  it	
  really	
  is	
  
not	
  about	
  the	
  money.	
  It’s	
  about	
  doing	
  what	
  you	
  love,	
  doing	
  what	
  you	
  want.	
  
It’s	
  about	
  balancing	
  work	
  and	
  relationships.	
  
	
  
This	
  point	
  became	
  especially	
  clear	
  to	
  Peter	
  recently	
  when	
  a	
  friend	
  asked	
  
him	
  if	
  he	
  had	
  plans	
  to	
  retire	
  early.	
  He	
  thought	
  about	
  it	
  for	
  a	
  moment	
  and	
  
then	
  it	
  dawned	
  on	
  him.	
  He	
  likes	
  what	
  he	
  does!	
  He	
  writes,	
  speaks,	
  consult	
  
with	
  companies	
  on	
  how	
  to	
  tell	
  powerful	
  stories.	
  Why	
  would	
  Peter	
  quit	
  
doing	
  that?	
  If	
  he	
  did	
  quit,	
  he	
  would	
  begin	
  to	
  self	
  destruct.	
  The	
  realization	
  	
  
 	
  	
  	
  	
  	
  	
  	
  	
                                                                            	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Berlusconi	
  could	
  easily	
  retire	
  financially,	
  but	
  will	
  he?	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
	
  
was	
  important	
  because	
  it	
  helped	
  him	
  to	
  realize	
  that	
  he	
  no	
  longer	
  had	
  to	
  be	
  
concerned	
  with	
  having	
  any	
  specific	
  amount	
  of	
  money	
  at	
  any	
  age.	
  There	
  will	
  
always	
  be	
  something	
  or	
  something	
  for	
  Peter	
  to	
  do	
  and	
  he	
  will	
  always	
  enjoy	
  
it.	
  	
  
	
  
You	
  don’t	
  make	
  plans	
  to	
  retire	
  from	
  your	
  passion	
  in	
  life!	
  	
  
	
  
Does	
  this	
  idea	
  of	
  not	
  retiring	
  from	
  your	
  passion	
  cause	
  you	
  to	
  spend	
  away	
  
your	
  future	
  and	
  disregard	
  the	
  value	
  of	
  your	
  assets?	
  To	
  the	
  contrary!	
  
Because	
  you	
  –	
  we	
  –	
  value	
  freedom	
  so	
  much,	
  you	
  	
  -­‐	
  we	
  –	
  exercise	
  the	
  
necessary	
  discipline	
  to	
  maintain	
  it.	
  	
  
 
Peter	
  knows	
  that	
  he	
  is	
  just	
  one	
  foolish	
  purchase	
  or	
  investment	
  away	
  from	
  
reattaching	
  the	
  chains	
  of	
  miserable	
  employment	
  to	
  his	
  life.	
  There	
  is	
  wisdom	
  
in	
  balance.	
  Just	
  because	
  he	
  loves	
  what	
  he	
  does	
  does	
  not	
  negate	
  the	
  need	
  for	
  
Peter	
  to	
  plan	
  for	
  his	
  financial	
  freedom.	
  
	
  




                                                                                                                                         	
  
	
  You	
  don’t	
  retire	
  from	
  your	
  passion!	
  	
  
	
  
Life	
  can	
  present	
  us	
  with	
  vicissitudes	
  that	
  can	
  radically	
  alter	
  our	
  course:	
  
disability,	
  a	
  death	
  in	
  the	
  family,	
  divorce,	
  lawsuits	
  and	
  so	
  on.	
  We	
  must	
  plan	
  
ahead	
  financially	
  because	
  we	
  change	
  our	
  minds	
  over	
  time.	
  What	
  invigorates	
  
you	
  today	
  may	
  bore	
  you	
  a	
  decade	
  from	
  today.	
  Savings	
  are	
  necessary	
  to	
  
purchase	
  the	
  freedom	
  to	
  change	
  course	
  when	
  we	
  want.	
  	
  
	
  
Two	
  types	
  of	
  people	
  should	
  forget	
  their	
  plans	
  for	
  complete	
  retirement	
  	
  at	
  a	
  
defined	
  age	
  -­‐	
  those	
  who	
  can’t	
  afford	
  to	
  retire	
  at	
  that	
  age	
  and	
  those	
  who	
  can	
  
afford	
  to	
  retire	
  at	
  that	
  age.	
  Age	
  is	
  an	
  artificial	
  finish	
  line	
  of	
  60,	
  62,	
  65,	
  67	
  or	
  
whatever.	
  	
  A	
  	
  moderate	
  measure	
  of	
  success	
  seems	
  to	
  be	
  how	
  many	
  years	
  
you	
  can	
  retire	
  ahead	
  of	
  the	
  retirement	
  age.	
  Is	
  accelerating	
  your	
  pace	
  into	
  
boredom	
  really	
  such	
  a	
  good	
  idea?	
  	
  
	
  
Those	
  measures	
  are	
  about	
  to	
  change.	
  If	
  the	
  coming	
  generation	
  of	
  50+	
  has	
  
anything	
  to	
  say	
  about	
  it,	
  those	
  perceptions	
  will	
  be	
  turned	
  entirely	
  on	
  their	
  
head.	
  Those	
  who	
  have	
  to	
  work	
  will	
  not	
  be	
  the	
  losers	
  because	
  they	
  are	
  still	
  in	
  	
  
 
	
  The	
  End	
  of	
  his	
  Game?	
  
	
  
the	
  game	
  and	
  they	
  will	
  find	
  that	
  work	
  keeps	
  them	
  vital,	
  involved	
  and	
  	
  
healthier.	
  Those	
  who	
  will	
  be	
  able	
  to	
  drop	
  out	
  entirely	
  will	
  choose	
  not	
  to	
  
because	
  they	
  don’t	
  want	
  to	
  enter	
  a	
  slow	
  track	
  of	
  intellectual	
  atrophy,	
  
boredom	
  and	
  monotous	
  leisure.	
  	
  
	
  
We	
  are	
  still	
  in	
  the	
  early	
  stages	
  of	
  a	
  New	
  Retirement	
  Story	
  –	
  a	
  modern	
  story	
  
of	
  what	
  retirement	
  really	
  means.	
  People	
  are	
  still	
  haunted	
  by	
  the	
  old	
  rules	
  
and	
  media	
  hype	
  that	
  bemoan	
  their	
  lack	
  of	
  preparedness	
  to	
  reach	
  the	
  
artificial	
  goal	
  line.	
  You	
  can’t	
  seem	
  to	
  get	
  away	
  from	
  the	
  news	
  stories	
  and	
  
advertisements	
  that	
  beat	
  this	
  sorry	
  old	
  retirement	
  horse	
  to	
  death.	
  	
  
 
	
  
	
  

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The New Retirement Story in Italy (3.1)

  • 1. The  New  Retirement  Story  in  Italy  (3)   By  Peter  de  Kuster  with  Falco  Valkenburg          You  imagine  Berlusconi  retiring  to  a  life   of…complacency?     Strangely  enough,  millions  are  in  a  mad  rush  to  the  place  where  tragic   people  live  –  on  the  sidelines.  Many  of  us,  however,  have  already  seen   enough  of  our  parent’s  and  forerunner’s  retirement  stories  to  know  that   this  is  not  the  life  for  us.    We  have  figured  out  that  our  life  will  be  one  of   challence,  relevance,  stimulation  and  occupational  adventure.  We  are  not   interested  in  finishing!     Once  people  get  the  money  they  need,  they  are  able  to  better  understand   what  the  money  is  all  about  –  liberty  to  do  what  they  want  when  they  want.   What  is  the  point  of  using  that  kind  of  liberty  to  do  nothing  but  play  golf?   It’s  hard  to  convince  someone  who  doesn’t  have  the  money  that  it  really  is   not  about  the  money.  It’s  about  doing  what  you  love,  doing  what  you  want.   It’s  about  balancing  work  and  relationships.     This  point  became  especially  clear  to  Peter  recently  when  a  friend  asked   him  if  he  had  plans  to  retire  early.  He  thought  about  it  for  a  moment  and   then  it  dawned  on  him.  He  likes  what  he  does!  He  writes,  speaks,  consult   with  companies  on  how  to  tell  powerful  stories.  Why  would  Peter  quit   doing  that?  If  he  did  quit,  he  would  begin  to  self  destruct.  The  realization    
  • 2.                                        Berlusconi  could  easily  retire  financially,  but  will  he?                       was  important  because  it  helped  him  to  realize  that  he  no  longer  had  to  be   concerned  with  having  any  specific  amount  of  money  at  any  age.  There  will   always  be  something  or  something  for  Peter  to  do  and  he  will  always  enjoy   it.       You  don’t  make  plans  to  retire  from  your  passion  in  life!       Does  this  idea  of  not  retiring  from  your  passion  cause  you  to  spend  away   your  future  and  disregard  the  value  of  your  assets?  To  the  contrary!   Because  you  –  we  –  value  freedom  so  much,  you    -­‐  we  –  exercise  the   necessary  discipline  to  maintain  it.    
  • 3.   Peter  knows  that  he  is  just  one  foolish  purchase  or  investment  away  from   reattaching  the  chains  of  miserable  employment  to  his  life.  There  is  wisdom   in  balance.  Just  because  he  loves  what  he  does  does  not  negate  the  need  for   Peter  to  plan  for  his  financial  freedom.        You  don’t  retire  from  your  passion!       Life  can  present  us  with  vicissitudes  that  can  radically  alter  our  course:   disability,  a  death  in  the  family,  divorce,  lawsuits  and  so  on.  We  must  plan   ahead  financially  because  we  change  our  minds  over  time.  What  invigorates   you  today  may  bore  you  a  decade  from  today.  Savings  are  necessary  to   purchase  the  freedom  to  change  course  when  we  want.       Two  types  of  people  should  forget  their  plans  for  complete  retirement    at  a   defined  age  -­‐  those  who  can’t  afford  to  retire  at  that  age  and  those  who  can   afford  to  retire  at  that  age.  Age  is  an  artificial  finish  line  of  60,  62,  65,  67  or   whatever.    A    moderate  measure  of  success  seems  to  be  how  many  years   you  can  retire  ahead  of  the  retirement  age.  Is  accelerating  your  pace  into   boredom  really  such  a  good  idea?       Those  measures  are  about  to  change.  If  the  coming  generation  of  50+  has   anything  to  say  about  it,  those  perceptions  will  be  turned  entirely  on  their   head.  Those  who  have  to  work  will  not  be  the  losers  because  they  are  still  in    
  • 4.    The  End  of  his  Game?     the  game  and  they  will  find  that  work  keeps  them  vital,  involved  and     healthier.  Those  who  will  be  able  to  drop  out  entirely  will  choose  not  to   because  they  don’t  want  to  enter  a  slow  track  of  intellectual  atrophy,   boredom  and  monotous  leisure.       We  are  still  in  the  early  stages  of  a  New  Retirement  Story  –  a  modern  story   of  what  retirement  really  means.  People  are  still  haunted  by  the  old  rules   and  media  hype  that  bemoan  their  lack  of  preparedness  to  reach  the   artificial  goal  line.  You  can’t  seem  to  get  away  from  the  news  stories  and   advertisements  that  beat  this  sorry  old  retirement  horse  to  death.