The endless crush of activities got you down? Feeling the days slipping by without connection to purpose? Just tired of it all?
If so, Bob Clyatt has two pieces of news for you.
You’re not alone.
And it doesn’t have to be that way.
Clyatt points the way out of this crazed existence and into a life more driven by meaning in Work Less, Live More, a primer on how people of all ages can comfortably transition to what he calls semi-retirement.
Work Less, Live More articulates a process whereby you assess what your stripped-down financial needs would be in semi-retirement, devise a plan to get there and execute it.
Strategic investment, living in less expensive parts of the country and the world, and withdrawing no more than 4.3 percent annually of your savings are keys to making the plan viable.
Clyatt advocates using a Rational Investment strategy which includes differing, and continually rebalanced, amounts of 16 classes of investments. The book also explains the tax advantages that comes from a semi-retired existence.
While Work Less, Live more has healthy doses of financial information, including an appendix that breaks down the investment classes of the Rational Investment approach, it is far more than an economic guide.
Written for people at different ages of the spectrum-he has chapters for folks everywhere in their 20s to already retired in their 60s-the book is an invitation to recognize the physical, emotional and spiritual changes that happen in middle age, to adjust accordingly, and to work now toward structuring your life the way you want it to be.
Clyatt peppers the book with examples of couples that illustrate the potential and pitfalls that occur along the way, and includes cautionary notes about the possibility of getting sucked back into an excessively demanding lifestyle. He also writes about the stages a number of people go through in their semi-retirement. First, they seek to gain as much money as they can for as little time. They then feel disconnected to their former work before eventually emerging into a more settled place in which their work is perhaps less lucrative, but more meaningful.
He also points out that, after the first few months of reading, relaxing, paying bills and tending to house projects, some people grapple with feelings of boredom and even guilt. Others struggle with feeling financially secure, especially when markets go through prolonged downturns such as is happening now. And still others become almost miserly in the time when they are preparing for semi-retirement, thereby sucking the joy out of the preparation period and doing some damage to the relationship with their partners along the way.
In short, semi-retirement may not be for everyone, but it is an attainable and desirable option for many, especially those who start with a lot of money.
Thanks to Clyatt, we have a road map on how to get there and an array of options to consider upon arrival.