life advice

By Carol Marak

“Growing older isn’t easy.” I hear those words from my friends and family. It’s hard to see them suffer physically, strain mentally and emotionally, and most of all struggle financially.

It’s common for us to reflect on the past and see our mistakes. We all have regrets. And if we look back long enough, we’d say, “If I could do it all again, I would…”

I’m sharing with you what my older friends and acquaintances would tell their younger selves about life, taking care of the body, saving for retirement, and staying emotionally balanced. A short primer on life advice.

1. Take care of your teeth. Plan for retirement. Stay physically fit and exercise forever.

Enjoy the stamina you have now and don’t take it for granted. Talk to people over 60 the same way you would talk to anyone. Take a yoga class, drink water, find people to travel with.

2. Ask, “Where do you want to be in 5 years, 10 years,” and stretch that out to 20, 30, and 40.

Review the realities of life; you may have a great paying job now, but that can and does often end. Prepare for ending up alone. Watch out for insincere people, your health, and know you are your best advocate. Enjoy life!

As for the folks over 60; don’t talk down to them, they didn’t grow up with computers, cell phones, etc. And, they’re taking advantage of ‘slowing down and smelling the roses.’ They’re neither stupid or lazy, but have different priorities.”

3. Save for the future.

I was self-employed, so I made a habit of saving and investing. Compound interest is no joke. I set financial goals and worked toward them. But, don’t forget to enjoy life along the way!

4. Respect your elders, one day you’ll be one.

Pay it forward. Get to know a person by personal contact; visit them, call them, write to them, send cards. Texting a smiley face emoji is not bonding. Listen to the wisdom, write it down, pass it on.

5. Watch out for people who sap your joy.

Surround yourself with people who inspire you and lift you up. People who are 60 often feel 40 in their mind. They just move slower. Engage and ask them for advice. They have ‘been there, done that.’

6. Enjoy other people’s families.

I’m an adopted Grandma and love it. I can do things for kids that their parents can’t. Sometimes, it’s just being listening ear. Sometimes it’s to introduce them to Times Square, theater, and fine dining experiences.

7. Find a mentor.

Find someone who’s living the life you want and listen closely to their advice.

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About LRPC’s Monday Morning Minute

Lawton Retirement Plan Consultants, LLC (LRPC) Monday Morning Minute is crafted to provide decision-makers with important information about the economy, investments and corporate retirement plans in a format that allows a reader to consume the information in less than 60 seconds. As an independent, objective investment adviser, LRPC has access to many sources of research and shares the best and most relevant information with its readers each week.

About Lawton Retirement Plan Consultants, LLC  

Lawton Retirement Plan Consultants, LLC (LRPC) is a Milwaukee, Wisconsin-based independent, objective Registered Investment Adviser (RIA) providing investment advisory, fiduciary compliance, employee education, provider management and plan design services to employer retirement plan sponsors. The firm specializes in Socially Responsible Investment (SRI) strategies for retirement plans and is a pioneer in the field. LRPC currently has contracts in place to provide consulting services on nearly $475 million in plan assets. For more information, please contact Robert C. Lawton at (414) 828-4015 or bob@lawtonrpc.com or visit the firm’s website at http://www.lawtonrpc.com. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser.

Important Disclosures

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance, tax, legal or investment advice. Each plan has unique requirements and you should consult your attorney or tax adviser for guidance on your specific situation. In no way does Lawton Retirement Plan Consultants, LLC assure that, by using the information provided, a plan sponsor will be in compliance with ERISA regulations. Investors should carefully consider investment objectives, risks, charges, and expenses. The statements in this publication are the opinions and beliefs of the commentator expressed when the commentary was made and are not intended to represent that person’s opinions and beliefs at any other time. The commentary does not necessarily reflect the opinion of Lawton Retirement Plan Consultants, LLC and should not be construed as recommendations or investment advice. Lawton Retirement Plan Consultants, LLC offers no tax, legal or accounting advice and any advice contained herein is not specific to any individual, entity or retirement plan, but rather general in nature and, therefore, should not be relied upon for specific investment situations. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser and accepts clients outside of Wisconsin based upon applicable state registration regulations and the “de minimus” exception.