Connect with us

News

Retirement isn’t the answer

Published

on

0251846_Mike_Stocks.jpg

By Michael O’Connor, theislandinvestor.com

Financial Independence/Retire Early (FIRE), is an incredibly popular movement in Ireland.

The idea is that we should seek financial independence by maximising our savings and living well below our means.

These savings are then invested in low cost diversified index funds until you have accumulated a sufficient pool of money that allows you to retire early. I may be brushing over some of the details - but you get the gist.

I’m all for financial independence, it’s a huge part of what I do. It’s the second half that I’m not really on board with yet.

Early retirement

Every person I know, be it my parents, my friend's parents or my extended family members have either struggled with retirement or given up on it completely and gone back to work. We are seeing a growing trend of people ‘un-retiring’.

This trend doesn’t surprise me.

We seem to underestimate the loss of purpose that comes with retirement. A huge part of your life is suddenly ripped out and you’re just left with an empty cavity while those who once depended on you, move on seamlessly.

Mentally that can’t be easy.

You’ve undoubtedly lost a sense of self.

“I won’t be worrying about all that, I’ll be too busy holidaying and playing golf”.

Sure, there is the initial honeymoon period but think past that. Spending your days filling time just to fill time is sure to get old pretty quickly.

The general response to this one is; “Oh but I will have the freedom to do whatever I want”.

But why are you waiting until retirement to pursue ‘whatever you want’?

Don’t get me wrong, I’m not suggesting people should work until they drop (literally), but trading your 40 healthiest years to a corporation in exchange for 20 years of freedom when your body is breakdown isn’t ideal.

Surely there is a balance

Why can’t we prioritise our hobbies in the best 40 years while working a bit less instead of working non-stop and then coming to an abrupt halt.

Why can’t we operate on a glide path system into retirement where you can work less, but still offer your skills and earn an income into old age.

As Michael O’Leary said "It’s better to wear out than rust out".

Granted this is a pretty idealistic view but there is surely another options besides making retirement your ultimate financial goal.

This whole rushing to the finish line idea just seems flawed to me.

Living on the breadline for years just so you ‘put your feet up’ a year or two earlier isn’t a financial plan.

You’re simply forgoing comfort now for perceived comfort in the future.

Make sure the sacrifices you are making are worth the trade-off.

Like most things in life, you need to find the balance.

*Come back to me on this one when I’m 55 and my future kids have squeezed me for every bit of energy and money I have. I’ll likely have a completely different take.

Join the one thousand plus subscribers learning to invest by scanning the QR code or go to www.theislandinvestor.com.

Advertisement

News

St Brendan’s student Aodhagan O’Sullivan crowned CPR champion

Published

on

By

Aodhagan O’Sullivan, a student at St Brendan’s College, Killarney, has been named the 2026 School CPR Challenge Champion.

The prestigious award was presented on Thursday, 26 February, during a large-scale event at the Gleneagle Hotel, where approximately 300 students from post-primary schools across the county gathered to compete for the title of “who can compress the best.”


Now in its fourth year, the event is organised by the Killarney Cardiac Response Unit (KCRU) Community First Responders.

The KCRU is a volunteer-led group that provides vital emergency response services to Killarney, Beaufort, Killorglin, Firies, Rathmore, and Kenmare.

The challenge focused on “Quality CPR” (QCPR), combining a high-stakes competition with practical life-saving training and the chance for students to engage directly with local emergency and community services.


The competition utilised advanced QCPR technology to measure the depth and rate of compressions, ensuring that students aren’t just learning the motions, but are performing life-saving techniques to a clinical standard.

Beyond the competitive element, the day served as an educational hub, highlighting the “chain of survival” and the importance of immediate bystander intervention in the event of a cardiac arrest.


The 2026 challenge was made possible through the support of the Vodafone Foundation, The Gleneagle Hotel, and First Aid Systems Ltd, alongside a variety of local sponsors. Organisers praised the enthusiasm of the 300 participants, noting that such events are essential for building a “heart-safe” community and equipping the next generation with the skills to save a life.

Attachments

Continue Reading

News

Cllrs demand meeting with HSE property officials

Published

on

By

Killarney councillors are seeking an urgent face-to-face meeting with the HSE to prevent the town’s health infrastructure from falling into further decay.

At Wednesday’s Municipal District meeting, Cllr Maura Healy-Rae raised a motion calling for clarity on the HSE’s long-term plans for its significant property holdings within the town.


The focus of the concern is the sprawling St Finan’s Hospital site, which has been lying derelict since the facility closed its doors in 2012.


Despite sitting on prime land, the Victorian structure has remained idle for 14 years with no progress on redevelopment.


While the new Community Nursing Unit has been built on a portion of the St Finan’s grounds, the vast majority of the historic site continues to deteriorate.


The concern among local representatives is that a “domino effect” of dereliction could follow once the new hospital eventually opens.


When residents are transferred to the new unit, both the existing Killarney District Hospital and the St Columbanus Home (the proposed new home for a minor injuries unit) will be vacated.
Cllr Healy-Rae and her colleagues are demanding guarantees that these buildings will not suffer the same fate as St Finan’s.


Without a clear strategy from the HSE, there are fears that Killarney could be left with multiple large-scale derelict sites in prominent locations, rather than seeing these buildings repurposed for housing, community use, or further healthcare needs.

Continue Reading