The Retirement Wisdom Podcast

What Are The Keys To A Successful Retirement? Fritz Gilbert
The right retirement tips are like gold. The retirement ideas you envision and the pre-retirement planning you do now can make it happen. Imagine the feeling when you do achieve the freedom to retire. And what does it take? More than ever, it takes sound planning, a balanced approach, and discovering a new purpose in retirement. We're honored to have Fritz Gilbert, of the Retirement Manifesto, return to our podcast to share his retirement advice, and talk about his book The Keys to a Successful Retirement. And you'll find this book to be a go-to resource to retire smarter. Professionals planning for retirement, devotees of the FIRE movement (and Fat Fire), and retirees will all find it to be a trusted source of retirement tips, practical retirement planning advice, and inspiration. We discuss: How he and his wife are doing in the pandemic His perspective on the economic impact of COVID-19, as an early retiree How he thinks this will affect the FIRE movement What day-to-day life as an early retire is like - and what's surprised him Which factors mattered most in his pre-retirement planning What inspired him to write his book Keys to a Successful Retirement Why test driving retirement life helped him What differentiates people who do it right in retirement from those who don't Why Attitude & Passion should be part of your retirement planning The role the Freedom for Fido project has played in their retirement life - and what hints it gives you for yours Why finding a new purpose is vital What he learned for his ONE Retirement Question project His advice for pre-retirees ________________________________________ Bio Fritz Gilbert retired after more than three decades in corporate America, where he progressed through the various levels of a multinational corporation serving the global aluminum industry. His award-winning blog "The Retirement Manifesto" is focused on people achieving a great retirement. Fritz and his wife, Jackie, live in a cabin in Blue Ridge, Georgia, an Appalachian Mountain town where they're active in their local church and various local charities, including Jackie's charity Freedom for Fido (FreedomForFido.com). When he's not writing, Fritz enjoys spending his time outdoors and is an avid fly fisherman, mountain biker, hiker, camper, photographer, and fitness fanatic. He also cherishes his daily walks in the woods with their four dogs, who run the household. Fritz and Jackie also travel cross country in their RV to visit their daughter and her family in the Pacific Northwest. ________________________________________ Wise Quotes On Envisioning Your Life in Retirement "Think about what you want your life to be. And there's a direct correlation between those that take more time to think about it and how successful their retirement is. The people that are Type A and hard-charging right up til the end, especially if they lose their job unexpectedly, Boom, they're retired. They tend to be the ones that struggle the most. And it really does go back to this getting onto the off-ramp and mentally preparing yourself to start changing gears. You're getting off the Interstate and you're going back on a country road. You've got to be prepared for how that drive is going to differ. And, taking the time to do that before you hit the country road. No doubt in my mind that's the most important thing people can do." On Taking Retirement for a Test Drive "I took an extra week off. We, so I made it, 10 days or so, and my wife and I both said, Hey, let's just kind of pretend we're retired. We'll try to really make this like a retirement lifestyle and let's just think about what do we want our days to be.