Retirement Guys: Use a Bigger PotWritten by Nolan Baker Mark Clair | | firstname.lastname@example.org
Remember Julia Child? She was the famous author, television personality and chef known for bringing knowledge of French cuisine to the American public through her books and television programs. She once said that if one focused too much on the nutrition part of food it would take away from enjoying it. She referred to this as a “fanatical fear of food” and said in a 1990 New York Times interview by Carol Lawson, “Everybody is overreacting. If fear of food continues, it will be the death of gastronomy in the United States. Fortunately, the French don’t suffer from the same hysteria we do. We should enjoy food and have fun. It is one of the simplest and nicest pleasures in life.” So, if we follow her advice we should stop obsessing about what the fat content is and how many calories are in what we eat each day. Perhaps that is the definition of what it means to be fat and happy.
Grant Butler who has written for The Oregonian wrote an article that listed some of Julia’s sayings and life lessons. I think it is worthwhile listing a few:
- “Cooking is a respectable profession. But it’s considerably more fun to cook than it is to be a banker. In banking and real estate, you can’t eat what you do.”
- “Those food labels that say ‘no fat, no cholesterol’ might as well say ‘no taste, no fun.’”
- “Always remember: If you’re alone in the kitchen and you drop the lamb, you can always just pick it up. Who’s going to know?”
- “Always start out with a larger pot than what you think you need.”
Julia had a great sense of humor and was parodied many times. I (Mark) remember one such parody on Saturday Night Live in the 70s with Dan Ayckroyd dressed up as Julia who is giving a cooking lesson and cuts herself and is bleeding all over the place. If you remember that, it was funny stuff.
They don’t make them like Julia Child anymore and as the saying goes “things ain’t like they used to be.” But I am sure that Julia has something to do with all of the cooking shows on television these days. She was probably an inspiration to many chefs and food industry folks. There are now entire cable channels dedicated to it.
What does all this mean to The Retirement Guys? Two things:
- Things ain’t like they used to be, so start out with a larger pot than you think you will need.
- Don’t have the fanatical fear of food or the fanatical fear of life. Get out there and have fun and enjoy yourself.
Things are not the same as the past with things that you can count on. It used to be that you could count on working for one company your entire career and retire with security knowing that you had a pension and social security to look forward to. These may not be constants in this day and age. You might need a bigger pot. The lesson here is to be as self-reliant as possible. Make sure you are saving for retirement in a number of places. Not only your 401k, but get some other things going so that all of your eggs are not in one basket. Ask the folks that planned to retire in 2008 and had to keep working because the stock market tanked. Have a well-organized plan to accomplish this. We call it “The Independent Income System.” A plan that considers not only how much you will need to live in retirement, but also risk tolerance, time frames and a purpose for every account that you own. For more info on this go to www.retirementguysnetwork.com and click on the “Things You Gotta Know” button.
You should rely more on yourself and yet not live in constant fear that the sky will fall on your head. Get out and have fun. Go have a good meal. Have a nice glass of wine. With everything there is a balance. Don’t eat yourself into oblivion and don’t be so cheap that you starve yourself. Go work out and then treat yourself to a great meal at your favorite restaurant. My family and I run the Smoke the Turkey 5k at St. James Club on Thanksgiving morning and then we go eat turkey and pumpkin pie all day. Perhaps in the memory of Julia Child you can make it French cuisine. Whatever you do, get that bigger pot and prepare something you will enjoy. You can share a little with us, too. We wish you the best and as always, when you think retirement, think The Retirement Guys.
For more information about The Retirement Guys, tune in every Saturday at 1 PM on 1370 WSPD or visit www.retirementguysradio.com. Securities and Investment Advisory Services are offered through NEXT Financial Group Inc., Member FINRA / SIPC. NEXT Financial Group, Inc. does not provide tax or legal advice. The Retirement Guys are not an affiliate of NEXT Financial Group. The office is at 1700 Woodlands Drive, Suite 100, Maumee, OH 43537. 419-842-0550