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The Retirement Newsletter: The danger of the new and shiny
Issue Number: 16 — Is it a retirement risk, and how can we mitigate against it if it is?
Welcome
Welcome to issue 16, where this week, I look at the shiny and new and ask: Do they pose a danger in retirement?
The shiny and new
What do I mean by the shiny and new?
The phrase suggests a sense of freshness, newness, and attractiveness. It can refer to ideas, objects, and approaches to problems and life. The shiny and new can be fascinating and captivating, novel and exciting. And, being freshly retired, everything can feel shiny and new. Things are different. We view things differently.
The danger of the shiny and new in retirement is a real problem, and it feeds into two areas I have recently covered:
- Issue Number: 15 — Procrastination and retirement — is it an issue?
- Issue Number: 9 — Is retirement a long summer holiday? How do you plan to spend your retirement?
If you view retirement as a long summer holiday, the shiny and new can be a real distraction. If there are essential things that you should be doing, then the shiny and new can be a displacement activity —…
