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Have you given any thought to how comfortable your retirement is going to be? The technical term describing your level of comfort is the replacement ratio. It describes the proportion of your average lifetime earnings that your pension will pay out. For example, if your average salary was $100,000 a year and your pension is $60,000 a year, the replacement ratio is 60%.
Every time someone brings up the minimum retirement age, I feel apprehensive. What scares me about retirement age is that while 75% of Americans say that they want to work in retirement, only 25% actually do. So, while we are going to hear more and more about raising the minimum retirement age, the fundamental question is, why aren’t people who say they want to work actually working?
In my previous articles on retiring well, we discussed how change produces a sensation of physical discomfort, which is the major reason most people avoid it; how mastering change requires the basic understanding of how our brain functions; and, finally, the fact that our brain is a quantum environment and is subject to the laws of quantum mechanics, specifically the observer effect.
In my previous article on retiring well, I discussed how the brain is designed in a way that predisposes us to resist change and favor routine. In this issue, I will examine another mechanism of which you need to be aware: the observer effect of quantum physics. And I will certainly explain how it relates to retiring well!
In my previous article on retiring well, I discussed a few key insights into creating a great lifestyle. Having a splendid vision for your life is a step in the right direction. How do you make sure that you can actually follow through with it?
Why is change so difficult? Why would only one in nine people change their lifestyle habits when their health, or even their life depended on it?
Most people look forward to the freedom of retiring from full-time work, but do not know how to handle a change in lifestyle that it brings about. I have often wondered why people are so resistant to change, even when it is positive. Since more brain research is now available on the subject, here is your guide to successfully navigating change, and retiring to a great lifestyle.
Aging is a fact, but how you experience it is your choice. Many research studies show that life after 50 can be the most treasured time of your life. This happens because life perceptions are more positive and feelings of worry or stress decline. Research also shows that a fulfilling retirement is impossible without concerted planning, which should extend beyond the requisite financial plan to also encompass your emotional wants, needs and desires based on thoughtful and practical self-reflection.
The Global Education Conference that just took place in New York City on April 10-20, 2011 brought together hundreds of top business travel professionals in search of ideas for improving their clients’ travel experience.
Show me someone who does not think that travel experience cannot be improved, especially if they remember traveling before liquids became suspect and one didn’t have to buy small scissors in bulk.
Two great themes emerged at the conference this year: pleasurizing and good business sense. Jesse Shell, Chief Executive Officer and Creative Director of Shell Games gave a speech titled The Games We Play: Using Games to Influence Consumer Behavior. Stephen J. Dubner, the co-author of Freakonomics and Superfreakonomics made a keynote presentation on Business and Management Lessons from Superfreakonomics.
It was Sunday night last December, and I was feeling uneasy. My WCBS New York radio appearance was scheduled for the next morning. It was to be pre-recorded and aired on the Morning Drive program every morning, five days in a row. My only problem was that I was not great at doing radio.
I certainly knew my stuff, but my ability to deliver the message needed improvement. I was nervous. I couldn’t explain my points clearly and succinctly. On top of that, doing a radio interview meant speaking into the phone with no person in front of me, with no visual cues to adjust based on their feedback. I always imagined being in a studio and it was a revelation to me that radio guests could call in from home.
I was sipping cocktails at my friend’s place, as pictures of impending doom were flashing in my mind brighter than Times Square lights. “I don’t like having to compress my research into soundbites,” I complained to my friend Kim Klein.