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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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Killarney exhibition and lecture on foundations of Fianna Fáil

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A widely acclaimed exhibition on the origins and early years of Fianna Fáil in Kerry will opened at Killarney Library on Tuesday for a three-week period and will coincide with a free public lecture on the subject at the library on March 26.


This year marks the centenary of the foundation of the party in 1926 and the exhibition, presented by historian Owen O’Shea, focuses on how the party developed and grew in Kerry in the late 1920s and early 1930s.

The exhibition is called “Soldiers of Destiny, Fianna Fáil in Kerry 1926-1933” and is supported by a Commemorations Bursary from the Royal Irish Academy.

It was officially opened by An Taoiseach Micheál Martin recently at Tralee Library. Mr Martin said the exhibition “has provided a deep insight into the foundations and rapid growth of one of democratic Europe’s most successful political parties.”

Owen will deliver a talk on the same subject on Thursday, 26 March at Killarney Library at 7pm as part of the programme of lectures from the Kerry Archaeological and Historical Society. The lecture is free and open to members of the public.

“The foundation of Fianna Fáil 100 years ago was a transformative moment in Irish politics and represented a new phase of Civil War politics in Ireland.

In this, its centenary year, I am presenting the story of the party in Kerry where its organisational and electoral successes were without parallel in this period,” said Owen O’Shea.

“Éamon de Valera’s party set about establishing a network of branches in Kerry with enormous speed and the Fianna Fáil vote in the constituency grew rapidly from 33% in 1927 to 68% in 1933.”


The seven TDs who represented Kerry during those years were Denis Daly, Fred Crowley, Tom McEllistrim, William O’Leary, Thomas O’Reilly and Jack Flynn.

Their stories are being shared for the first time as are many of the election posters and political material from the time.


“I am very grateful to the Royal Irish Academy for funding this exhibition and I hope it will attract anyone with an interest in Irish history and politics,” he added. It will be open at Killarney Library during library opening hours until March 31.

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Resident hits out at “sticking plaster” spend on Listry Bridge

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A Listry resident has slammed Kerry County Council’s latest safety funding for Listry Bridge, labelling the repeated small-scale spending as “insanity.”

The criticism from Brendan O’Shea follows last week’s announcement that €100,000 has been allocated for interim safety measures at the notorious bottleneck.

The Council confirmed the funds will cover a reduced speed limit, upgraded signage, new road linings, extended anti-skid surfacing, and parapet repairs.


However, Mr O’Shea, a long-time campaigner for safety improvements at the site, argues that these measures fail to address the core issue: that the bridge remains the only point between Killarney and Dingle where two cars cannot pass.


“The definition of insanity is doing the same thing over and over again and expecting a different result,” Mr O’Shea said. “Over the years there have been announcements of funding of €30k, €50k, €80k, €100k on a number of occasions, €250k one time before an election, and the latest is another €100k. Each and every time, it’s for new signage, anti-skid surfacing, and repairs.”


He pointed out that the Council has encouraged significant residential development in Milltown, leading to a major increase in daily commuters using the bridge to reach Killarney.


Mr O’Shea also questioned the county’s infrastructure priorities, contrasting the lack of a bridge replacement with the €7 million refurbishment of Ashe Hall in Tralee.

He suggested that Killarney is being left behind in terms of major projects compared to neighbouring counties.


“If the Killarney bypass eventually gets completed, then perhaps we’ll have a few euro left over to replace Listry bridge. Let’s stop with the ridiculous sticking plaster spending in the meantime,” he added.


The Council maintains that the current €100,000 spend is necessary for “interim safety measures” to manage traffic flow and improve grip on the approaches to the bridge.

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