Full transcript of keynote speaker and executive coach Carl Seidman’s TEDx Talk: Why I Retired at 32 at TEDxIIT conference.
Notable quote from the talk:
“We need to reinvent and redefine what retirement means, as well as the path to get there. Instead of waiting until the final chapter of life to retire, we should take small interim retirements throughout our life, allowing ourselves the chance to refresh, re-energize and reinvent ourselves and our careers.”
Carl Seidman – Keynote speaker and executive coach
To paraphrase Edward Rooney, the principal in “Ferris Bueller’s Day Off,” we give good kids bad ideas. We tell them to go to school, study hard and get good grades.
And if you do, you will get out into the workforce and get a good, secure job.
Then, after about 40 or 50 years, you’ll have enough savings and benefits to retire and live out the golden years of your life.
It’s a quaint idea, really, because, today, nearly half of the people in this country have zero savings. The majority of Americans have no pension coverage from their employers, and, just this past January, the Social Security Administration said that the average monthly benefit was just about $1,300, which isn’t going to get you very far in a city like Chicago.
On top of that, we’re living longer. A couple of years ago, Prudential unveiled a billboard that said that the first person was born who will live to be 150 years old. Can you imagine that? Living to be that old?