Podcast appearances and mentions of mike drak

If someone lives to live to age 90, which is now true for over half of Canadians, and they retire at 60, that's a 30 year, post-work life. At age 60, they have half their life more to live. So, what's next for them? How will they find purpose and meaning across 30 more years? And who is there to help them design their lifestyle?   ⁠Mike Drak⁠ is a Retirement Lifestyle Designer. After a 30+ year career in financial services, Mike retired. He quickly realized he needed to figure out what to do in his post-work life. Which he set out to do. Now, he's author of three books: Victory Lap Retirement, Retirement Heaven and Hell and Longevity lifestyle by design.  He's a public speaker and workshop leader on the topic of non-financial aspects of retirement. And he's currently training for IRONMAN competition.

If someone lives to live to age 90, which is now true for over half of Canadians, and they retire at 60, that's a 30 year, post-work life. At age 60, they have half their life more to live. So, what's next for them? How will they find purpose and meaning across 30 more years? And who is there to help them design their lifestyle?    Mike Drak is a Retirement Lifestyle Designer. After a 30+ year career in financial services, Mike retired. He quickly realized he needed to figure out what to do in his post-work life. Which he set out to do. Now, he's author of three books: Victory Lap Retirement, Retirement Heaven and Hell and Longevity lifestyle by design.  He's a public speaker and workshop leader on the topic of non-financial aspects of retirement. And he's currently training for IRONMAN competition.

Discover the keys to unlocking a vibrant and dynamic retirement as we challenge the outdated notions of this life transition with financial visionaries Simon Chan and Mike Drak. This episode promises to redefine your understanding of retirement and work, exploring beyond the financial readiness to the vital non-monetary elements that foster a fulfilling post-career life. As your host, Sam Sivarajan, I'm here to share my experiences alongside the expert wisdom of Simon and Mike, guiding you through the complexities of adapting to a society where a full-stop retirement is a relic of the past.We're living longer, and retirement is no longer a one-size-fits-all affair. Join us for a compelling discussion where we navigate the evolving landscape of work and leisure in the golden years, inspired by the innovative trails blazed by Baby Boomers. Tackling everything from labor shortages to psychological adjustments, the insights provided by my guests shed light on the importance of continuous engagement and the value of networking as we transition into what can be the most fulfilling phase of our lives. Equip yourself with strategies for a bespoke retirement journey with advice drawn from Mike's "Longevity Lifestyle by Design" and Simon's experiences in questioning the status quo to design a personalized path into the future.Closing the conversation, we don't just leave you with food for thought but also actionable insights to execute your unique retirement blueprint. Simon and Mike emphasize the significance of finding ongoing passion projects and the powerful role of maintaining connections through networking, even as we step away from our traditional careers. They invite you on a journey to forge a retirement filled with purpose, passion, and personal growth. So, if you're ready to craft a future-proof retirement plan that resonates with your individual aspirations, this episode is your gateway to turning those visions into reality.Links mentioned in the episode:www.boomingencore.comwww.adaptwithintent.comThanks for listening. Be sure to rate and subscribe to The Future-Ready Advisor podcast to not miss an episode. What's Next?Staying Ahead of the Curve: Insights for Financial AdvisorsIn today's rapidly evolving financial landscape, how do you continue to thrive and better serve your clients? As an industry veteran for over 25 years, I understand the unique challenges facing financial advisors.I have a wealth of resources to help you navigate these challenges: Visit my website at https://www.samsivarajan.com/resources to download a free behavioral coaching guide and a free goals-based investing case study, packed with tips and strategies. While you're there, don't forget to explore my bestselling books at https://www.samsivarajan.com/books. These books provide readers with further insights and guidance on how we can make better decisions - in investing, at home, and in the workplace. Want to stay updated with my latest insights? Sign up for my LinkedIn newsletter, The Goals-Based Advisor. It's a great way to keep in touch and receive regular updates directly to your inbox. Finally, if you have any questions or hire me as a speaker, coach or consultant, book a meeting with me on ...

Mike Drak worked as a banker in Toronto for his entire professional career. When he was laid off at the age of 59, he  received a sizeable severance from his employer. Telling his spouse "Contessa, we hit the lottery," he was initially ecstatic to be retired. But he quickly faced "Retirement Shock," a term that he coined to describe how tremendously unhappy he was in the year that followed. He missed helping people and the structure/routine of working at the bank. And he felt a loss of purpose. "Before my purpose was to go to work, get paid and then use the money to support my family. And that was taken away from me." Mike's research suggests up to one-third of all retirees suffer from "retirement shock." He decided to educate others on the non-financial challenges of retirement by writing three books: Victory Lap Retirement, Retirement Heaven or Hell and Longevity Lifestyle by Design. The final book can also be downloaded for free from Mike's website at www.longevitylifestylebydesign.com. Two years ago, Mike took the unusual step of entering his first Ironman Triathlon (2.4 mile swim, 112 mile bike ride and 26.2 mile run) at the age of 68. He plans on returning to Cozumel, Mexico for his 2nd Ironman in the year ahead.  

Meet Mike Drak   Late Bloomer -Author | Retirement Lifestyle Designer | Public Speaker | Senior Contributor at Booming Encore - On a mission to help 1,000,000 retirees. Longevity Lifestyle by Design, Retirement Heaven or Hell & Victory Lap Retirement Greater Toronto Area, Canada     Connect with Mike Drak   linkedin.com/in/mike-drak-6b401095   michael.drak@yahoo.ca   Twitter VictoryLapRetir Retirement best sellers available through Amazon:   · Retirement Heaven or Hell    · Victory Lap Retirement (2nd Ed.)     · Longevity Lifestyle By Design Senior Contributor, Booming Encore   Connect with Host Terry Lohrbeer Facebook: https://www.facebook.com/groups/2658545911065461/ LinkedIn: https://www.linkedin.com/in/terrylohrbeer/ Instagram: kickassboomers Twitter: @kickassboomers Website: kickassboomers.com   Connect to Premiere Podcast Pros for podcast editing: premierepodcastpros@gmail.com   LEAVE A REVIEW and join me on my journey to become and stay a Kickass Boomer! Visit http://kickassboomers.com/ to listen to the previous episodes. Also check us out on Facebook, Twitter, Instagram, and LinkedIn.   Email terry@kickassboomers.com and connect with me online and on Facebook, Twitter, Instagram, and LinkedIn.     

Meet Mike Drak   Late Bloomer -Author | Retirement Lifestyle Designer | Public Speaker | Senior Contributor at Booming Encore - On a mission to help 1,000,000 retirees. Longevity Lifestyle by Design, Retirement Heaven or Hell & Victory Lap Retirement Greater Toronto Area, Canada     Connect with Mike Drak   linkedin.com/in/mike-drak-6b401095   michael.drak@yahoo.ca   Twitter VictoryLapRetir Retirement best sellers available through Amazon:   · Retirement Heaven or Hell    · Victory Lap Retirement (2nd Ed.)     · Longevity Lifestyle By Design Senior Contributor, Booming Encore   Connect with Host Terry Lohrbeer Facebook: https://www.facebook.com/groups/2658545911065461/ LinkedIn: https://www.linkedin.com/in/terrylohrbeer/ Instagram: kickassboomers Twitter: @kickassboomers Website: kickassboomers.com   Connect to Premiere Podcast Pros for podcast editing: premierepodcastpros@gmail.com   LEAVE A REVIEW and join me on my journey to become and stay a Kickass Boomer! Visit http://kickassboomers.com/ to listen to the previous episodes. Also check us out on Facebook, Twitter, Instagram, and LinkedIn.   Email terry@kickassboomers.com and connect with me online and on Facebook, Twitter, Instagram, and LinkedIn.     

Listen in to this episode as Lynn chats with Mike Drak, author, retirement lifestyle designer, public speaker, and senior contributor at Booming Encore. Lynn and Mike talk about how to prevent retirement shock, retiring and then going back to work (on your terms), the advantages of semi-retirement, and how to live a good, long life.

After working in the banking industry for thirty-eight years, Mike Drak was exhausted. With high blood pressure and low motivation, he searched for an exit. To his surprise, the bank showed him the door. Instead of quitting for free, he was now flush with freedom and a severance at fifty-nine years old. The retirement honeymoon didn't last. After a few weeks, he was miserable. His wife and friends were all still working. He had the free time he'd been dreaming of but no longer felt the desire to pursue his favorite activities. He was experiencing what he now calls retirement shock. After an arduous journey of self-discovery, he found his way to the other side. He's authored two best-selling retirement books, is a Senior Contributor at Booming Encore, and dedicates his time to helping other retirees avoid the mistakes he made. In other words, he's happy. 00:00-Start 02:08–“let me start at the beginning…” 05:06–Miserable? 06:58–The money is important, but… 07:20–The Ikigai Process 10:21–Giving is living 12:29–What makes a happy retiree? 16:35–Tiers of retirement 20:00–Finding purpose with pets 22:00–Core pursuit finder 27:32–The Iron Man 31:29–Retirement rulebreakers 32:50–Mike's perfect day 35:00–Travel! 38:34–Find your tribes 40:46–“The Mexican Fisherman” 42:22–Recreating your identity 45:35–Redefining retirement 47:10–Where to find Mike Learn more about your ad choices. Visit megaphone.fm/adchoices

Summary Mike Drak is a retirement lifestyle expert and renowned author. He is the author of three books: "Longevity Lifestyle by Design," "Victory Lap Retirement," and "Retirement, Heaven and Hell." With his expertise in retirement lifestyle design, Mike has become a go-to expert for high-profile blogs and organizations. He is also a contributor to the digital media hub called Booming Encore. Mike emphasises the non-financial aspects of retirement and the importance of finding purpose and meaningful activities in retirement. His personal story of struggling with retirement shock adds to his credibility and understanding of the challenges faced by retirees. Overall, Mike's achievements and credentials establish him as a trusted authority in the field of retirement lifestyle design. In this episode I dig into Mike's extensive experience and expertise in retirement planning, combined with his passion for helping people live their best retirement lives and it made for an incredibly insightful conversation. We discussed the non-financial elements of retirement, how to design a fulfilling retirement lifestyle, and the importance of mindset in achieving a happy, healthy, and wealthy retirement. Useful Links Buy Mike's brilliant books Longevity Lifestyle by Design, Victory Lap Retirement and Retirement, Heaven, and Hell Booming Encore Humble Dollar Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my newsletter Stay The Course Connect With Mike LinkedIn  Connect With Me TFP Financial Planning LinkedIn X / Twitter Book in a chat if you want a second opinion about your retirement planning. Email at dan@tfp-fp.com

In this episode we speak with Mike Drak about designing your best retirement. Mike is an author, public speaker and recognized authority on the non-financial aspects of retirement. After having spent 38-years in the financial services industry, Mike retired and personally faced what he called “retirement shock”. During this time, Mike found himself on a journey of self discovery and authored three best selling books on retirement; Victory Lap Retirement, Retirement Heaven or Hell: Which Will You Choose? and Longevity Lifestyle By Design. Mike is a Senior Contributor at Booming Encore and dedicates his time to helping other retirees design a fulfilling, meaningful retirement lifestyle for themselves. Learning Points: • What is retirement shock? • What are the 3 drivers for a healthy retirement? • What is the difference between retirement planning and longevity planning? Social Media: -Website: https://boomingencore.com/en/ -LinkedIn: https://www.linkedin.com/in/mike-drak-6b401095/ Books: Mike's newest book LONGEVITY LIFESTYLE by DESIGN can be downloaded for free by everyone via the using the link: https://longevitylifestylebydesign.boomingencore.com/ Retirement Heaven or Hell: 9 Principles for Designing Your Ideal Post-Career Lifestyle https://www.amazon.com/Retirement-Heaven-Hell-Principles-Post-Career/dp/1988344301/ Victory Lap Retirement: Work While You Play, Play While You Work https://www.amazon.com/Victory-Lap-Retirement-Work-While/dp/1988344123/

Today, I'm joined by Mike Drak. Mike's a 38-year veteran of the financial services industry and an award-winning blogger, retirement coach, and public speaker.  You may have read Mike's articles and contributions on some of our favorite blogs, such as Booming Encore, HumbleDollar, and MarketWatch. He's also the author of several books, including Longevity Lifestyle By Design, Victory Lap Retirement, and Retirement Heaven or Hell: 9 Principles for Designing Your Ideal Post-Career Lifestyle. In our conversation, Mike shares the shocking experience he had after getting laid off from the banking industry at the age of 59, why the ideal retirement isn't always spent on a cruise ship or a golf course, and how to get strategic as you plan your transition from the working world as you know it into retirement with your identity and passion intact. GET A FREE COPY OF MIKE'S BOOK, LONGEVITY LIFESTYLE BY DESIGN: REDEFINING WHAT RETIREMENT CAN BE  Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Text BOOK, that's BOOK to 866-482-9559 for a link to our book request page, complete the form and we will ship you the book for free. It's that simple! In this podcast interview, you'll learn: Why not having to work ever again doesn't always make us happy–and how Mike created his “victory lap” after exiting his main career. How to start planning and creating a lifestyle that will work for you as you approach retiring. What “retirement hell” is, who experiences it, and how to ensure your needs are met to try to avoid it. How a financial advisor can help you avoid retirement shock.  How retirees find new peers and new communities, even at advanced ages.  What you can do to identify your values and determine exactly what you want from this–and the next–stage of your life.  Show Notes: RetireWithPurpose.com/387 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

Meet Mike Drak, author of two best selling books on retirement. If you're struggling with the idea of retirement, Mike and this episode are for you. Prior to authoring several books on retirement Mike was a self-proclaimed workaholic, winning sales contests and focused on his decades-long career in banking. Then he got packaged out and forced into early retirement. He quickly found he was on the path to retirement hell – unhealthy, overweight, and missing the purpose that drove him throughout his entire career. In addition to being a published author he is a writer, blogger, Life style coach, mentor, retirement coach and public speaker. He delivers workshops on all the non financial aspects of retirement to help future retirees in creating their vision for their own retirement lifestyle design. Learn more about: How to identify your ‘retiree type' to understand how to design your ideal retirement lifestyle Hear how Mike ended up in ‘retirement hell', what that felt like and the work he did to get out The fundamental needs retirees ‘lose' when leaving work and how to re-satisfy them in retirement Resources: Amazon: Retirement Heaven or Hell: 9 Principles for Designing Your Ideal Post-Career Lifestyle Mike Drak on LinkedIn Free Download of Mikes Latest Book: Longevity by Design Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts

Just like you designed what your career looked like, you also have the ability to plan what your retirement looks like. With some vision and planning, you can have the retirement that most fulfills you. The decision to retire will impact the next 20-30 years of your life. While you may decide that a life of leisure is exactly what you want your retirement to look like, many retirees look forward to a new retirement--a retirement where they choose when and how much to work, possibly in an entirely different field than their previous career. In this episode, Lynn reviews Mike Drak's book, Longevity Lifestyle by Design, and why this is a must-read if you're considering retirement in the near future. He covers the concepts in the book, why the retirement dip can be a period of confusion, and the six principles of a long and happy retirement. If retirement is on your horizon and you're beginning to explore your options--whether it's a leisurely retirement or embarking on a whole new career--this episode is for you. We'll dive deeper into these concepts: Why you should read Mike Drak's book Longevity Lifestyle by Design The concepts Mike Drak covers in his book The three types of retirees What the retirement dip is and why it's a period of confusion The seven fundamental needs in retirement The concept of significance, identity, and mattering The six principles for a long and happy retirement Mike Drak's nine-step model for designing your longevity lifestyle Designing what your legacy will look like Now, for some action steps: Download the free worksheet: Three Steps You Need for a More Productive Workday Visit Mike Drak's website: Retirement Wisdom Read Mike's book for free: Longevity Lifestyle by Design My Resources: A quick guide to help you get started on your Encore Journey encorecareermindset.com My Website https://www.lynnfriesth.com/ Please leave a Rating and Review: Since this podcast is new, I'm asking for Apple Podcasts reviews. Reviews help others discover and learn what Creating Your Encore Career is all about. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://www.lynnfriesth.com/podcast1 to download it. I thank you so much for being here and I'll see ya next time on Creating Your Encore Career. — Lynn Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com.

Planning for retirement? You need to also plan for your longevity. And your lifestyle choices will play be a big role in your longevity and satisfaction in retirement. Mike Drak, author of the new book Longevity Lifestyle by Design, returns to The Retirement Wisdom Podcast for an enlightening conversation on how to upgrade your retirement planning. _________________________ Delaying retirement? Many of my clients are. But they're using this time to get a jump on their future. You could wait until you retire and ask What Now? – and then scramble – or drift. Don't be that person. Instead, start now and design your new post-full-time work life? Find how how the Designing Your Life process (developed by Bill Burnett & Dave Evans at Stanford) can help you unlock a new direction. Apply the same principles of design thinking that Nike and other leading companies use to design your future. Learn more about my One-on-One coaching and small group programs. Take the first step toward your new life today – schedule a call. __________________________ Bio Mike Drak is the author of his third book Longevity Lifestyle by Design: Redefining What Retirement Can Be. After a thirty-eight year career within the financial services industry, Mike Drak experienced what he has now termed “retirement shock”. As a result, Mike spent the next 6 years doing research about retirement which resulted in his best selling book “Victory Lap Retirement” based on his realization that full stop retirement doesn't work for most people. His second book “Retirement Heaven or Hell: Which Will You Choose?” shares some of Mike's personal experiences in retirement and highlights how people can design and transition to their own unique retirement lifestyle. This book also outlines the valuable retirement lessons learned from the pandemic and introduces nine retirement principles that can support creating a long, healthy and fulfilling life. Along with being a best-selling author, Mike is also a public speaker and retirement lifestyle designer. He has received awards for his writing and you can find his articles at Booming Encore. __________________________ For More on Mike Drak Longevity Lifestyle by Design book: Free Download   |  Amazon Mike Drak's First Visit with The Retirement Wisdom Podcast ___________________________ Podcast Episodes You May Like Independence Day – Steve Lopez How to Make New Friends in Retirement – Dr. Marisa G. Franco Thinking Better to Live Better – Dr. Woo-kyoung Ahn Taking Stock – Dr. Jordan Grumet __________________________ Win the Retirement Game (It Might Just Be the Most Important Game of Your Life) What Readers Are Saying:            “Definitely the best book I've read on the non-financial aspects of retirement.”            “I wish I had this book when I retired.”            “…the book is amazingly readable, and chock full of insights.”            “This is a great gift for anyone anticipating retirement years” Amazon    Barnes & Noble    Bookshop.org _____________________________ Wise Quotes On Why People Fail Retirement "I believe it's just that they have the wrong beliefs about retirement. They don't fully understand what's coming their way. Many people think it's just a financial situation. If you have enough money, you're going to have a great retirement. And that's not true. Many people think transitioning to a successful retirement will be easy. What can be hard about retiring? But it's one of the hardest things you can do. And it's one of the most stressful events that you'll go through, too. People don't realize that. People think when they retire, all their problems are magically going to go away. Well, guess what? They don't. As a matter of fact, you're going to have even more problems. And that's what concerns me. How I read about the Great Resignation, all these people bailing into retirement early. And I'm going,

After work usually comes  retirement, except that the line between the two is not quite what it used to be. With people living longer and with investments not always working out, there are a lot of people aged over 65 who make their way back into the labour force, sometimes by plan by often because after leaving their jobs they realize that they are not yet done with work.  To talk about how this is playing out, Linda Nazareth is joined on this episode by Mike Drak, author of  and Simon Chan, CEO of Adapt with Intent Inc., a boutique advisory and coaching firm that helps individuals, leaders and organizations adapt to the Future of Work. Guests:  Mike Drak Author, Longevity Lifestyle by Design: Redefining What Retirement Can Be Mike Drak is an author, public speaker and recognized authority on the non-financial aspects of retirement. After having spent 38-years in the financial services industry, Mike retired and personally faced what he called “retirement shock”. During this time, Mike found himself on a journey of self discovery and authored two best selling books on retirement; Victory Lap Retirement and Retirement Heaven or Hell: Which Will You Choose? Mike is now a...

Our guest on the pod this week is Mike Drak.  Mike is an Author, Public Speaker, and Retirement Lifestyle Designer.  He is the author of 2 best selling books, Victory Lap Retirement and the newly released Retirement Heaven or Hell.  And he failed miserably at retirement. Links mentioned in this episode: Mike on LinkedIn Victory Lap Retirement book Retirement Heaven or Hell book Article on failing at retirement

I recently came across an opinion piece, https://www.marketwatch.com/story/i-failed-at-retirement-how-to-avoid-my-mistakes-11634573287?rss=1&siteid=rss (“I Failed at Retirement: How to Avoid My Mistakes),” by Mike Drak. Mike worked in the banking industry for over 30 years. His wife is an investment advisor. But when he retired, he quickly felt like he had failed to prepare. How did he fail at retirement? I will dissect the five mistakes he said he made in this episode of Best in Wealth! [bctt tweet="In this episode of Best in Wealth, I share 5 retirement mistakes and how to avoid them! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Outline of This Episode [1:27] Why I was unprepared for Fortress Planning Group [5:11] Mistake #1: Focusing on the money [7:34] Mistake #2: Thinking retirement would be easy [10:20] Mistake #3: Believing the retirement commercials [12:26] Mistake #4: Retiring makes your problems disappear [14:39] Mistake #5: Not having something to retire to [17:12] How you can apply these mistakes to your life Mistake #1: Focusing on the money There is a belief that the quality of your retirement depends on how much money you have. While you do need money to fund your retirement, there is something bigger at play. You have to design a life for your retirement years that you will enjoy before you retire. If you retire at 65, you may have 25+ years of quality life left. What are your values? What makes you happy? How can you satisfy those questions in retirement? The one thing I have learned being a business owner and financial planner for eleven years is that it is not all about the money. Build a board of your goals, dreams, and aspirations. Figure out what they are before you retire. Mistake #2: Thinking retirement would be easy Quitting your job is considered one of the ten most stressful life events. You are doing the same thing for years and suddenly you hit the brakes and you are done. The unknown is stressful. When you are at your job and people count on you, you are in a comfortable room. But the moment you leave your working life, you are kicked into the hallway. The hallway is cold, dark, and unfamiliar. But there are a lot of rooms you can decide to enter. You finally walk down the hallway and look through a door. Maybe it does not fit, so you investigate until you find the room that fits perfectly for you. You just have to find it. [bctt tweet="Find out why thinking retirement would be easy is a huge mistake in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Mistake #3: Believing the retirement commercials The narrative is that you can just slow down, play golf, and do whatever you want in your retirement—and you would be satisfied. There is nothing wrong with golfing, vacations, and spending time with your grandkids. For Mike, this was not enough. He was not built to slow down. But retirement does not have to mean slowing down. You just have to find somewhere else to continue your fast-paced life. Mistake #4: Retiring makes your problems disappear I think a lot of us fall into this category. Are you miserable at your job? Are you miserable in other areas of your life? Quitting your job will not make you magically happy. It will not transform who you are if you were not happy before. You will not magically hit the gym, eat healthily, or travel more. Make sure as a family steward that this is not you. Do you have an unhealthy routine right now? Build a new routine that you thrive on. It will take thought and work—so get started before you retire. [bctt tweet="Despite popular belief, retirement doesn't make your problems disappear. I share my thoughts in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning...

How often do you think about your retirement? When you do, what is it that concerns you the most? If it's money, then you're not alone. But as you're about to find out, there's a lot more to a successful retirement than the money. Mike Drak is the author of the books Retirement Heaven or Hell: 9 Principles for Designing Your Ideal Post-Career Lifestyle, and Victory Lap Retirement, Work While You Play, Play While You Work. Mike joins me this week to share his story, how he found himself in a place he calls ‘retirement hell,' and how he managed to escape. You can find the show notes for this episode at https://maplemoney.com/157 Did you know that 57% of Canadian adults don't have a will? Willful has made it more affordable, convenient, and easy for Canadians to create a legal Will and Power of Attorney documents online from the comfort of home. In less than 20 minutes and for a fraction of the price of visiting a lawyer, you can gain peace of mind knowing you have a plan in place to protect your children, pets, and loved ones in the event of an emergency. Get started for free at https://maplemoney.com/willful and use promo code MAPLEMONEY to save 15%.

Are you well-prepared for the transition to retirement and the life you want to lead? It's one of life's major transitions and it takes much more than money. Our guest, Mike Drak, shares his insights from his personal experience with his retirement transition and his recently released book Retirement Heaven or Hell. We discuss: The lessons from his retirement transition What's changed about retirement since he retired in 2014 The different stages of retirement How someone can get to Retirement Heaven and stay out of Retirement Hell How people find purpose in retirement What the pandemic taught him about retirement How people can foster new social connections and find their new tribe in retirement His advice on planning for a great retirement Mike joins us from Toronto. _________________________ Bio After a thirty-eight-year career within the financial services industry, Mike Drak experienced what he has now termed "retirement shock". As a result, Mike spent the next 6 years doing research about retirement which resulted in his best-selling book "Victory Lap Retirement" based on his realization that full stop retirement doesn't work for most people. He most recently released "Retirement Heaven or Hell: Which Will You Choose?" which shares some of Mike's personal experiences in retirement and highlights how people can design and transition to their own unique retirement lifestyle. This book also outlines the valuable retirement lessons learned from the pandemic and introduces nine retirement principles that can support creating a long, healthy, and fulfilling life. __________________________ Wise Quotes On Purpose & Attitude "The biggest one for me was finding purpose, finding a sufficient purpose in retirement, so I wouldn't get bored and I wouldn't get frustrated, and I had a good reason to get out of bed in the morning. That took a lot of time. That was probably one of the most important ones, but there are other ones too that are equally important. If you think about the importance of relationships, that's the key factor in focusing on your health, because without having good health, it doesn't matter how much money you have, you're not going to enjoy yourself in retirement. And having a good attitude is so important. It all comes down to how you look at retirement and what you think about it. If you think retirement is going to be great, odds are, it will be. But if you look at it as a terrible period, when you're going to get old and it's going to suck, well, guess what? So those are important things that I had difficulty with myself." On Planning for a Long Retirement "People...think when you retire, you're going to be the same person for 30 years. You're not. You're going to keep continuing to change and you're going to keep becoming a different person over time. And it's important to understand that and to know what kind of person you want to become because that's where you're going. And it's still becoming someone different than you are before you retire. So you want to be able to sit down and say, okay, this is the kind of person I want to become. This is the lifestyle I want that person to enjoy and start putting those things in place because you're setting yourself up for a 30-year payoff. And you got to do it right. And it's, that's why I say it takes a lot of planning, proper planning." _________________________ For More on Mike Drak Retirement Heaven or Hell Victory Lap Retirement _________________________ Podcast Episodes You May Be Interested In The Skill Set for Life's Transitions – Bruce Feiler From Finance to Becoming an Author – James Hockenberry Believe In Yourself & Try Something New – Carol Cooke Some Kind of Heaven – Lance Oppenheim Who Will Take Care of You When You Are Older? – Joy Loverde Successful Aging – Daniel Levitin ___________________________ About Retirement Wisdom What's next?

Imagine being confronted with your next chapter without any preparation. Today’s guest was only in his late 50’s when he was handed a severance package by his employer. He had to face the reality of being laid off late in his career, without the benefit of planning the next transition.   Mike Drak turned his experience into a wonderfully relatable book, Retirement Heaven or Hell: 9 Principles for Designing Your Ideal Post-Career Lifestyle. He joins me today to share what he’s learned—and how you can aim your thoughts and actions towards living your best life.     In this episode, we’ll hear from Mike on setting goals, finding your tribe, and why he carries a focus on quality of time.   We covered:   The exact moment when retirement shock started to hit Mike Why he spent close to a year in “retirement hell”...and how he reached the turning point Walking through Mike’s 9 principles for designing your ideal post-career lifestyle Identifying what independence and independence personally means to you The idea of getting out of survival mode (and shifting into adventure mode) One simple way Mike makes planning the next year exciting   Links Retirement Heaven or Hell: 9 Principles for Designing Your Ideal Post-Career Lifestyle Victory Lap Retirement

Mike Drak was a banker for four decades … until he wasn't. Now he writes about retirement, publishing Victory Lap Retirement and Retirement Heaven or Hell. The focus is not on the plan, but on the approach … This material is for informational purposes and is prepared by Justwealth, is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of publication and are subject to change. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by Justwealth to be reliable and are not guaranteed as to accuracy or completeness. This material may contain 'forward-looking' information that is not purely historical in nature. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the listener. Past performance is not indicative of current or future results. This information provided is neither tax nor legal advice and investors should consult with their own advisors before making investment decisions. Investment involves risk including possible loss of principal. The provision of investment management and investment advisory services is a regulated activity in Canada, subject to strict rules. For more information on the services offered by Justwealth, please refer to www.justwealth.com.

“You've dreamed of retirement for decades, and have even worked hard to save for it. But what will your life look like when you stop working?” In this episode, join Larry Heller as he speaks with the authors of Retirement Heaven or Hell, Mike Drak and Susan Williams.  Together, Mike and Susan reveal why they're … Continue reading Episode 81 – Retirement Heaven or Hell: Which Will You Choose? — With Authors Mike Drak And Susan Williams →

Mike Drak abruptly experienced "retirement shock". Which in his case, was having a successful career with one company for 36 years (!) and in just one day it all went away. This is an amazing story about how Mike went from a devastating first day of retirement to becoming a leader in the (Un)Retirement movement! You'll laugh and shed a tear while listening to this popular Canadian's poignant journey to his 55+ dream life. For more information about Mike's book Retirement Heaven or Hell https://www.amazon.com/Retirement-Heaven-Hell-Principles-Post-Career/dp/1988344301 Visit the show content: https://pickleballmediahq.com/blog/mike-drak-interview-how-to-have-a-fun-exciting-meaningful-never-boring-unretirement To subscribe to the "I Used to be Somebody" newsletter: https://pickleballmediahq.com

Mike Drak is a 38 year veteran of the financial/banking industry who was shown the door abruptly.  He rebounded and is now a leading expert in the how to recover the right way and is a best selling author.  His book, 'Retirement Heaven or Hell' opens the door to the right room.

I've had so many guests on the show over the years to talk about the wealth accumulation stage of investing, but I haven't had any, besides Mike Drak from episode 208 who wrote Victory Lap Retirement, to talk about what happens when you actually retire. What happens when you have to start decumulating your nest egg? That's why I've got Frederick Vettese on the show for this episode. He is the former Chief Actuary of Morneau Shepell, a major Canadian human resources firm. He's also a frequent contributor to the Globe and Mail on retirement issues. And lastly, he's the author of three books, including his latest book that we talk about in this episode, Retirement Income for Life: Getting More Without Saving More. Even if retirement is decades away for you, it's so important to know what to expect when it's right around the corner. How do you ensure you don't drain your retirement savings in the first few years? What strategies should you use to decumulate your savings in a sustainable way? And what are some key things to know about enjoying your retirement and the fruits of your labour? For full episode show notes visit https://jessicamoorhouse.com/262

Are you a boomer who is considering retirement and concerned about your financial security and general wellbeing? If so… you’ll want to be sure to take a listen to what Mike Drak and Susan Williams have to say. Mike is a forty-year veteran of the financial services sector who found himself thrown into retirement unexpectedly and personally suffered from what he calls “retirement shock.” While working through this major life change, he authored his first book, Victory Lap Retirement. Now Mike is following that book up with an updated version of designing your best life. It’s called Retirement Heaven or Hell: Which Will You Choose? Co-author Susan Williams, is the Founder of Booming Encore – a digital media hub designed to provide baby boomers with information and inspiration to help them live their best encore. In addition to hosting one of the top websites in the world for baby boomers, Susan has now achieved status as a global authority and social media influencer for aging and retirement.  Both Mike and Susan are joining us to share tips, strategies and more for navigating later life with purpose and meaning. If you are concerned about making the most of your Golden Years, you’ll want to make sure you catch this show!

January 25th, 2020 – Mike Drak, Writer and Coach at Victory Lap Retirement, on what it takes to have a successful retirement and how to stay active. Frank Caruso, client, independent film producer and long time listener of HiFi Radio, is joined by his Fiancée Angela Johnson, to discuss his ongoing projects and work after retirement.

November 30th, 2019 – Peter Dyakowski, former CFL lineman and ‘Canada’s smartest person’, on life after professional sports and starting a second career. Mike Drak, Writer and Coach at Victory Lap Retirement, on the key principles of transitioning into retirement. Final Wolfgang and Jack close out the show by giving a market update and commentary.

I read a lot of personal finance books. I also read a lot of niche books on retirement planning. And I’ve gotta say, most of them are so dry it takes me months to finish them. Not Victory Lap Retirement by Mike Drak though. I was given this book (the 1st edition) by Mike’s co-author Jonathan Chevreau at the Canadian Personal Finance Conference a few years ago, and even though it took me until last winter to finally read it…I loved it! I’d say the only other book that I whipped through in record time was Andrew Hallam’s Millionaire Teacher. So, once I finished reading it, on top of telling everyone I know to read it, I made a plan to get Mike on the show. And here is that episode! Mike Drak is a 38-year veteran of the financial services industry, so when he started his victory lap in 2014, he felt compelled to write a book about what he knew on the subject. That and he found that all the retirement books out there only talked about saving up enough for retirement, not what life in retirement actually meant. Something to get excited about too, his second book titled Retirement – Heaven or Hell? is coming out in 2020. Now, what I love most about Mike’s concept of victory lap retirement is that it’s a way to stop thinking of retirement as an end to something. I honestly dread the idea of retirement. It means you’re done with your career and are basically in the last phase of your life. I know many people think of retirement as one big vacation and what’s not to love about that, but for me it always fills me with dread and panic. I don’t want to just hang out with nothing to do and just watch the clock tick. I love working! I love having a purpose! I don’t want to retire! Mike agrees. We need to stop this idea of full-stop retirement and think of “retirement” as point in your life in which you’ve reached financial independence (you have enough money or assets to live on without working again) so you can do whatever you want with very little risk taken. It’s when you can start a second career, or just devote your time how you want, not how you have to because you need to earn money. For me, the concept of victory lap retirement fills me with hope, not dread. So if you ever feel a bit panicked when you start thinking about retirement, read this book (and obviously listen to this episode!). Visit jessicamoorhouse.com/contests to enter to win a copy of her book! For full episode show notes visit https://jessicamoorhouse.com/208

Social Security Then and Now When they brought up Social Security, life expectancy for men was 58 and it was 62 for women. What they did is they made the Social Security retirement age at 65. If social security now was similar in concept to social security then, you wouldn’t even start receiving it til’ you’re 85. As what our co-host Kristen Edens said, we already know what’s happening with them, because they are considering to increase it to 70, 71 or 72. A lot of people are realizing that they can’t rely on those services, those things that our parents and grandparents relied on. That is why, in the last few years, there’s been this massive shift of, “I’m gonna take care of myself.” Not really fully relying on 401ks, pensions or Social Security. Today's episode will have some insights on Mike Drak's article about, Where did the idea of Retirement come from? Why Retirement is Being Brought Up? The Social Security, pensions, and your own savings used to be the 3-legged stool for you. But nowadays nobody has a pension anymore unless you work for the government. People lost a bunch of money in their 401k plans. Things like these aren't being brought up that much. What they did when they lose all that money is they move it all to cash and then they lock it on all those loses. People won’t hire people that are older. You’re kind of forced out when you hit a certain age. So many people tell me that after they hit the age of 50, they can’t get a job and you don’t get your social security til’ you’re 65. So, what do you do? Why will the idea of retirement be brought up in the first place? 10 Years of Change The last 10 years have proven to be very fascinating because of the change of mindset in society, employers, and corporations. 10 years ago, layoffs, early retirements, forced retirements were just rampant. Anybody over 50, they were out with just a small early retirement bonus, which is not enough. But, as we all know there was this massive concern on unemployment, what’s going on and what are we going to do? What people did was, they found side gigs, do freelance, entrepreneurship and find jobs that would accommodate them. Now, employers are realizing that there’s a lot of wisdom, experience, and knowledge that these older people can bring us. That is why we're brought up into it again. Unity Between Multigenerational Workforce We are at the point that we need the tech knowledge, the digital nativeness which is very popular with the younger generations but we also need the wisdom, the experience and the dedication of the older generations. Also, employees who know how to deal with people face to face. I love the idea of multigenerational workplaces. It’s just not in our world but also in the world for assisted living where they are trying to bring the old and the young together. This has brought up much help for people learn something from different generations under one working environment. They’ve done some studies where it helps both all of the generations where you have different ideas and them coming together and just communicating. Disadvantages of Working Longer or Not Retiring If you’re not passionate about your work or if you’re working in a job that is physically demanding or stressful, the idea of continuing work is not very pleasant. Also, if you are working in a physical job (eg., construction worker, waitress), it might not be possible. Older workers can also make it more difficult for the young to get their foot in the door when they are not retiring. If you receive Social Security benefits before retirement age, there is a significant penalty. Also, if you receive your Social Security benefits while you’re still working, there’s also a penalty. About Our Co-Host

For my final episode of Season 8 of the Mo’ Money Podcast, I’ve got a solo episode for you, and it’s all about answering your investing questions. I get investing questions all the time at events I organize or speak at, via email or even through social media. So, since I just did my Level Up Your Moneyevent with Erin Lowry which included a Q&A (but wasn’t part of the recording we did), I thought I would do an episode focused solely on answering all your most pressing investing questions. Now, as a disclaimer, nothing in this episode should be considered financial or investing advice. Heck, nothing on this website or any content I create should be considered advice. It is simple information, facts and opinion. And when it comes to investing specifically, it’s hard to even give a straight answer. You may have noticed that in the panel discussion recording, and some attendees voiced their frustration. I totally get it, but unfortunately, there’s no such thing as one-size-fits-all investment advice or recommendations. We’re all at different stages in our lives, with different incomes, circumstances, goals and time horizons. It would be ridiculous to say “Do this and you’ll be fine.” And if someone does tell you that, remember, even if they are an investment advisor, that is their opinion on what they think you should do. Nothing is guaranteed when it comes to investing, and it’s not black and white. Paying Down Debt. vs. Investing: Which One Should You Do First? If you’ve got consumer debt (credit cards, line of credit, etc.), focus on paying that all off before investing because it’s unlikely you’ll be able to earn the same or higher interest on your investments that those debts are charging you. If you have student loans or other low-interest debt like a car loan or mortgage, I would say pay down debt and invest. The interest you’re paying is most likely below 5%, and 5% or higher is a very possible return you could make on your investments. Also, no matter what type of debt you have, make sure you have a fully funded Emergency Fund before you start investing. How Do You Know When You’re Ready to Start Investing? You’ve got to have that solid financial foundation first before you start investing. That means you have a budget, you’re tracking your spending and net worth regularly, you have a debt-repayment plan, you have a fully funded emergency fund, and have outlined all of your financial goals (short and long-term) first. How Much Money Do You Need to Start Investing? There’s no perfect number, but I say once you’ve got your financial foundation set, then work on saving up $1,000 as your initial contribution to your investment plan. I say $1,000 because most robo-advisors actually require that as a minimum initial contribution, and some discount brokerages have similar requirements. Is Wealthsimple a Good Robo-Advisor? I get this question a lot, and what I think the real question is is “What’s a good robo-advisor” or “What robo-advisor should I invest with?” Here’s the thing, I do personally like Wealthsimple. I invest with them and have for about 3 years and I like their platform, customer service, and have had an overall good experience with them. But I also invest with Justwealth, and similarly I have had an overall good experience with them too. Heck, I even invest with RBC InvestEase (though a very tiny portfolio with them since I mainly wanted to test them out since I worked with them on a campaign), and I actually really like their platform and customer service to. The reason so many people think of Wealthsimple first is because they are one of the biggest robo-advisors in Canada, they were one of the first, and they also hands-down do the most marketing. And let’s be honest, their branding is amazing. It’s millennial-focused, it’s beautiful and as someone who used to work in marketing, they are doing everything right. But, just because I choose to invest with Wealthsimple, or Justwealth, or RBC Investease, doesn’t mean you should. It’s not that easy. You need to do the work to see which one makes sense for you. You need to do your research on each company, the portfolios they offer, the fees they charge, the ease-of-use of their platforms, the quality of their customer service, to see which place makes the most sense to invest with. That’s what I did, and that’s what you as a responsible and smart investor need to do to. Where to start is by checking out my recommendations page that includes the full list of robo-advisors in Canada, plus two comparison sites that can help you see the difference between all of them (Hardbacon and Autoinvest). Real Estate Investing: What Do You Think? The home you live in is not an investment. It’s part of your net worth, but I wouldn’t consider it a real estate investment because you are living in it. This may be a controversial take, but that’s just my point of you. If you own real estate and rent it out, then yes that would be considered an investment. Now, if you are investing in real estate, you need to determine what portion of your overall investment portfolio is it? Typically, real estate is considered an “alternative investment”, because the traditional investment asset classes are cash, stocks and bonds. So, if real estate is an alternative, most investment experts suggest not to invest more than 5-10% of your portfolio in alternatives. All I want to really say is that if you choose to invest in real estate, don’t just invest in real estate. Invest in those traditional asset classes, invest in the stock market, make sure your portfolio is diversified. In other words, never put all of your eggs in one basket. If I Have a Work Pension, Do I Still Need to Invest on My Own for Retirement? Short answer, of course you do. Even though you have a pension, most likely it won’t be enough, in addition to getting your CPP and OAS payments, to cover your retirement income. To learn more about pensions, I highly suggest listening to episode 180 since it goes in-depth about retirement planning and pensions. How Much Do I Need to Save Up for Retirement? One million? Two million? Most people just want a straight up answer but it’s not as simple as that. First, you need to define what your retirement looks like, and then determine how much that will cost in today’s dollars on an annual basis. Then figure out how long you’ll most likely live in retirement. Then make the calculations that include an average inflation rate. Bam, you’ll get a number. The calculation itself is fairly simple, however that doesn’t mean that’s the exact amount of money you’ll need because it’s difficult to predict the future and your future needs. That’s why you need to constantly look at your financial plan and retirement plan every year and adjust when appropriate. I’d also like to recommend to amazing books on retirement income planning: Victory Lap Retirement by Mike Drak, Rob Morrison & Jonathan Chevreau Your Retirement Income Blueprint by Daryl Diamond Should I Participate in My Employer’s RRSP Program? If they match dollar-for-dollar to your contributions then yes. Even if they have you invested in high-fee actively-managed mutual funds, it’s still worth it because it’s free money from your employer. I Want to Start DIY Investing, How Do I Build My Portfolio? Quick answer, you can either look at model portfolios other investors or bloggers share (but please do your due diligence first), you can build your own by finding ETFs that match the benchmarks you want to replicate, or you can take a look at the portfolios offered by robo-advisors and just replicate their portfolios yourself. How Are My Investments Protected? Your investments aren’t protected through CDIC or when there are ups and downs in the market, but if you’re more concerned about your robo-advisor, investment firm or discount brokerage become insolvent and you losing your investments, you are protected under the Canadian Investor Protection Fund (CIPF). What’s the Difference Between Index Funds & Index-Based ETFs? I share way more about this in my investing course, but basically they are two different investment products. Index funds are a type of mutual funds that track the broad market index, and index-based ETFs are more similar to a stock but they also track the movements of the broad market index. So they are similar, but not the same. Also ETFs are typically cheaper. Should I Invest the Money I’m Saving for a Down-Payment on a House? In general, no. You should keep it liquid in cash if you plan on buying a place in the near future (so stash it in a high-interest savings account). But, if you do want to invest, invest in something conservative like GICs or a balanced portfolio with a good portion invested in fixed income. For full episode show notes visit https://jessicamoorhouse.com/204

What is Findependence and how did the term originate? What's the difference between Findependence and Retirement? How about the difference between Findependence and Victory Lap Retirement? How did that book come about? What does Canada’s two-tiered retirement system mean? How to pensionize a nest egg? What is the role of annuities? How to enhance retirement income, delay CPP or OAS? What are the 4 stages of Retirement?   Jonathan Chevreau is a veteran financial columnist, blogger and author based in Toronto. In 2014, he launched the Financial Independence Hub, aka FindependenceHub.com, which covers the topic from a North American perspective. It is aimed at both baby boomers and their children, the millennials.  The site has now published more than 1,000 blogs. He published the financial novel Findependence Day in Canada (Power Publishers, 2008) and a US edition of Findependence Day in the United States (Trafford, 2013, also on Kindle). Both books make a distinction between traditional “full-stop” retirement and the more useful term, Financial Independence, which the books contract to simply Findependence. In 2014, he also published two concise e-books (also in US and Canadian editions) that summarize the plot and the major financial lessons learned by the characters:  A Novel Approach to Financial Independence (Amazon.com). Jon has also authored several books with traditional book publishers, including The Wealthy Boomer and several editions of Smart Funds, all published by Key Porter Books. His latest book, co-authored with Mike Drak, is Victory Lap Retirement, was published this fall, and is available at Chapters Indigo and major independent book stores, or online at http://www.victorylapretirement.com/ He has a large Twitter following at @jonchevreau and uses most other major social media platforms.

On today's show, I review 10 personal finance books that would make great gifts and/or would be a great start to your own personal finance library. All 10 books are listed below, with the time stamp from the podcast, if you wish to jump ahead and listen to my comments on a particular book: General Money Management The Wealthy Barber Returns by David Chilton (2:35) Wealthing Like Rabbits by Robert Brown (3:20) 397 Ways to Save Money by Kerry K. Taylor (9:40) Stop Over-Thinking Your Money by Preet Banerjee (11:06) Debt-Free Forever by Gail Vaz-Oxlade (11:54) Protecting Your Money – A Guide to Identity Theft and Fraud by Kelley Keehn (14:24) Real Estate When the Bubble Bursts by Hilliard Macbeth (19:32) Burn Your Mortgage by Sean Cooper (23:26) Retirement Victory Lap Retirement by Jonathan Chevreau and Mike Drak (27:19) Thinking Thinking, Fast and Slow by Daniel Kahneman (28:48) Of course, I am also quite proud of my own book, Straight Talk on Your Money, which I discuss briefly at the end of the show.The first five books on the list are great for all age groups. Books #6 and #9 are particularly good for either seniors or adult children of seniors, and book #10 is great for anyone who wants to take a "deep dive" into how our brains work. I hope you enjoy the list!

In this episode, Aman provides some interesting updates from his previous episode where he was critiqued by a blogger regarding his use of questions as it pertains to the performance of his robo portfolio. It's also an episode of firsts as Aman presents his first book report since Grade 3. One of his goals this year is to read some of the personal finance books that have been piling up in his house. Aman's book report is on the book, Victory Lap Retirement, written by Mike Drak and Jonathan Chevreau.

Guests: Jonathan Chevreau and Mike Drak, Muluba Habanyama, Katherine Parent, Kris Abel & Amanda Sadler. Support What She Said on Patreon: http://www.patreon.com/WhatSheSaidTalk SUBSCRIBE to What She Said! http://www.youtube.com/WhatSheSaidTalk Download our Free iTunes Podcast: http://www.apple.co/1U700c0 Follow us on Facebook/Twitter/Instagram: @WhatSheSaidTalk http://www.whatshesaidtalk.com What She Said! with Christine Bentley & Kate Wheeler airs Saturday and Sunday at 6PM ET on The Jewel Radio Network. Listen LIVE on the APP: http://www.streamdb5web.securenetsystems.net/v5/CKDX

It was billed as a tell-all memoir of Rob Ford

It was billed as a tell-all memoir of Rob Ford's time in office. Doug Ford promised he would call out the scams, the cheats and the liars in his new book, Ford Nation, but does it deliver? He joins Libby in studio to talk about it. And – As we age, many people want to discuss retirement – but not these two! At least not how most people think of it…Mike Drak and Jonathan Chevreau wrote Victory Lap Retirement, a retirement book about not retiring. Libby finds out all the details from the two authors.

Today’s podcast is the first ever podcast interview with Jonathan Chevreau and Mike Drak together, talking about their new book Victory Lap Retirement.  This is so exclusive an interview that the book won’t even be officially released until October 10, 2016 but it is available for pre-order at amazon.ca, and the Kindle version is available now. Jonathan was a guest back on Show #5 where we discussed his previous book, Findependence Day. Mike Drak created the concept of a Victory Lap as an alternative to retirement, and teamed up with Jonathan to write their new book. So what is a Victory Lap? You will have to read the book for a full description, but as Jonathan and Mike and I discussed the concept of retirement has changed significantly.  Our grandparents and parents had a good chance of working at the same company until aged 65, and then retiring with a full pension before dying at age 70. Today almost no-one works at the same company for their entire working life, and most employers no longer offer full pensions, so the old fashioned view of retirement at age 65 with a full pension is no longer reality for most workers. Full details on the podcast.