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Retirement isn’t the answer

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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.

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Pat Delaney Memorial Cup Golf Classic

St Pats East Kerry are running their annual Pat Delaney Memorial Cup golf classic at the Ross Golf Club on Saturday July 6. The format is a 3 person scramble […]

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St Pats East Kerry are running their annual Pat Delaney Memorial Cup golf classic at the Ross Golf Club on Saturday July 6. The format is a 3 person scramble over ten holes and the entry fee is €120 per team. The entry fee will include a goody bag for each player and a cup of Tea/Coffee and scone when the round is completed. Tee times are available from 8am.

Killarney Credit Union is the main sponsor of the event, in recognition of Pat having been a highly respected and effective Chairman of the Credit Union. Pat was a Chairman and Vice President of St Pats East Kerry and he started the annual golf classic over ten years ago as a fundraiser for the Club. Known for his excellent organisation skills and a master salesman who enjoyed persuading the golfers of the Killarney area to take part in the event. He acted as master of ceremonies on the day, meeting and greeting every team prior to their games and to ensure that everyone had an enjoyable day.

On the morning of the golf classic, back in June 2018, Pat sadly passed away. His contribution to hurling and to St Pats demanded that his legacy be commemorated. Pat had also made a major contribution to the Killarney Credit Union at a time of major change in their business, leading the two organisation, St Pats and Killarney Credit Union to combine and rebrand the annual golf classic in Pat’s name.

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Civil War, a song and New York city

  A series of random encounters has resulted in one of biggest atrocities of the Civil War being immortalised in a song. On March 8, 1923, a group of Republican […]

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A series of random encounters has resulted in one of biggest atrocities of the Civil War being immortalised in a song.

On March 8, 1923, a group of Republican prisoners were taken from their temporary prison cells at the Great Southern Hotel and marched to a location near Countess Road.

Less than 24 hours after the more-documented Ballyseedy Massacre near Tralee, the five men named – Stephen Buckley, Tim Murphy, Daniel Donoghue, Jeremiah O’Donoghue and Tadgh Coffey –were killed by Free State troops with explosives and gunfire.

Fast forward over 100 years when local musician and song writer Donal Power was approached by Tadgh Buckley of Killarney Music School.
“He asked me if I would write a song about an incident with particular emphasis on a person who was his long-dead cousin. I told him I’d try and hoped he would be satisfied with the result,” explained Donal.
“He then gave me a copy of Tim Horgan’s book ‘The Stones Still Speak’, containing the story of Stephen Buckley murdered at the Countess Bridge which also contained a letter written by Stephen the night before his death in 1923, which didn’t come to light until six years later. Like many others I was aware of the massacre at Ballyseedy Cross but not the Countess Road, Killarney. So this was the project and the challenge!
“I spent a number of weeks writing a song about the incident. There is a lot of content in the story and I wanted to be true to the content of Stephen’s letter. I completed the song and sang it for him and others at a session where it appeared to make a positive impression. It’s an acoustic ballad which I accompany with guitar.”
But the story does not end there. A New York-based family, direct descendants of the murdered Stephen Buckley made contact with Power.
A man named Thomas Buckley from New York made contact with the local songwriter after hearing the song on Soundcloud.
Thomas explained: “My father Stephen Buckley was born in New York City in 1924. His father Michael Buckley,  named his first son, my dad, after his brother Stephen who was killed at the Countess Bridge in 1923. My older brother is also Stephen Buckley born in New York in

1954.”
Three members of the New York-based Buckley family, Thomas, Stephen and younger brother Timothy, were on a family holiday to Killarney earlier this month.

Power met them and was able to take the brothers to the site of the ambush were he learned that they are also related to Tadhg Buckley, the man who originally asked for the song to be written.

“We don’t know the exact relationship but it is very direct. The three brothers think Tadhg now lives where the murdered Stephen Buckley once lived,” added Power.

The song can be downloaded via: https://soundcloud.com/donal-power-170379558/the-countess-road-massacre.

SONG LYRICS
KILLARNEY, NINETEEN-TWENTY-THREE
A CIVIL WAR ATROCITY
A MASSACRE, A SHAMEFUL EPISODE
FOUR SOLDIERS OF THE I.R.A.
BY FREE-STATE FORCES BLOWN AWAY
EXECUTED ON THE BRIDGE ON THE COUNTESS ROAD

A SOLE SURVIVOR ON THE RUN,
TADHG COFFEY WAS THE ONLY ONE
WHO MANAGED TO ESCAPE AND TELL THE NEWS
OF THE LANDMINE, THE BOOBY-TRAP
THE BULLETS FIRED, THE COVER-UP
THAT KILLED TIM MURPHY, STEPHEN BUCKLEY AND THE DONOGHUES

THE DAY BEFORE THE MASSACRE
WHILE STEPHEN WAS HELD PRISONER
HE HAD A PREMONITION HE WOULD DIE
HE GAVE A LETTER TO THE GUARD
TRUSTING HE WOULD NOT DISCARD
THE MESSAGE TO HIS MOTHER AND THE WORDS THAT SAID GOODBYE

THE GUARD DENIED THE LAST REQUEST
AND KEPT THE LETTER HE SUPPRESSED
WHEN EMIGRATING TO THE USA
HE KEPT THE SECRET SIX LONG YEARS
TILL HANNAH BUCKLEY, THROUGH HER TEARS
COULD READ WHAT STEPHEN WROTE BEFORE THEY TOOK HIS LIFE AWAY

“I’D LIKE TO LIVE A LONGER LIFE
BUT I AM RECONCILED TO DIE
MAY GOD PROTECT MY FAMILY AND FRIENDS
REJOICE AND DO NOT MOURN MY LOSS
FOR I AM CERTAIN THAT THE CAUSE
OF TRUTH AND RIGHT, OF PEARSE AND TONE WILL TRIUMPH IN THE END”

“I DIE A TRUE REPUBLICAN
REMEMBER ME TO GALLANT MEN,
TO MY BROTHERS AND MY SISTERS, WHEN I’M DEAD
AND MOTHER, BRAVE IT CHEERFULLY
PRAY THE ROSARY FOR ME
AND PRAY FOR THOSE WHO SENT ME TO MY DEATH“, THE LETTER SAID

AND ON THAT SPOT A MONUMENT
COMMEMORATES THE SAD EVENT
WHERE LONG AGO THE BLOOD OF HEROES FLOWED
THOSE MEN WHO PAID THE FINAL PRICE
WHO MADE THE GREATEST SACRIFICE
EXECUTED ON THE BRIDGE ON THE COUNTESS ROAD

The song can be downloaded via: https://soundcloud.com/donal-power-170379558/the-countess-road-massacre.

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