Question

New Retirementality Chapters 9 - 10 - 11

Chapter 9: A New Mindset: Retire on Purpose

“Too many people die with their music still in them.” -Oliver Wendell Holmes

1a. The revolution of retirement planning for the purposeful retiree is:

A. the most fertile period of life for the meaningful pursuit

B. a time to enjoy one’s life accomplishments

C. a time to see the world

D. take it easy and relax

Chapter 10: The New Meaning of Re-tired: Your Next 100,000 Miles

“Do not think of retiring until the world will be sorry to see you retire.” -Samuel Johnson

1b. Your next 100,000 miles will depend on you taking life easy and restraining activities to have a long happy life.

A. True. B. False

Chapter 11: Redefining Rich: Bridging the Gap between Means and Meaning

“To allow me to do what I want to do every day” -Warren Buffett on the meaning of money

1c. Rich means?

A. Deciding what gives me meaning.

B. Able to articulate the correct way to preserve my money

C. “A” and “B”

D. “A” primarily

Answer 1

1a. The revolution of retirement planning for the purposeful retiree is: Option A.

Obviously a retiree can take this as a time to enjoy his/her achievements, time to see the world & taking it easy and relaxing as specified in Options B, C & D.
However, a purposeful retiree would utilise this time to feel the bliss and meaningful pursuit of life so that he underdstands if anything further is required to be done or not in this lifetime to reap more fruitful results- Option A is correct.

1b. Your next 100,000 miles will depend on you taking life easy and restraining activities to have a long happy life: Option B.

This sentence is false (not true). Although retiree can take their lives easy and have a relaxed life but that doesn't mean they should restrain from some/ other activities. They should continue to work & contribute for a better world and therefore a better life. Restraining will only cause him to limit himself.

1c. Rich means: Option D.

Option D specifying A primarily- Deciding what gives meaning is correct.
Being rich gives a identity and definition to one's life, which further makes him eligilble to serve for the society and environment, thereby giving a meaning to him and a meaning to his life.
Financial planning revolves around making proper decision related to money. Therefore, a money needs to be handled/ invested appropriately. It is to be noticed that a money preserved is a dead money, money should be put to growth (invested) and then only it will result in more money (investment income/ capital appreciation)- this is the reason Option B is incorrect.