{"id":42110,"date":"2025-01-23T01:15:26","date_gmt":"2025-01-23T01:15:26","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/tricky-dicks-essential-retirement-advice\/"},"modified":"2025-01-23T01:15:26","modified_gmt":"2025-01-23T01:15:26","slug":"tricky-dicks-essential-retirement-advice","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=42110","title":{"rendered":"Tricky Dick&#8217;s Essential Retirement Advice"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Richard Nixon remains one of the more fascinating and complex figures in American history, embodying well-known deep flaws in parallel with acts of brilliance.\u00a0<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"813\" height=\"1024\" src=\"https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-7.png\" alt=\"\" class=\"wp-image-52917\" style=\"width:333px;height:auto\" srcset=\"https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-7.png 813w, https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-7-238x300.png 238w, https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-7-768x967.png 768w\" sizes=\"(max-width: 813px) 100vw, 813px\"\/><\/figure>\n<\/div>\n<p>His\u00a0most infamous role was as the puppet master behind the Watergate scandal, ultimately leading to his resignation from the Presidency and scarring his legacy. Some historians point to Watergate as the watershed (ha!) moment beginning the decades-long slippery slide (ha! ha!) of anti-government paranoia leading to today.\u00a0<\/p>\n<p>However, Nixon\u2019s career also exhibited sharp intellect, strategic political thinking, and an ability to connect with the pulse of a shifting nation (at least, for a time). His story is not pure villainy, but of a profoundly ambitious individual whose strengths and weaknesses were magnified on the global stage.<\/p>\n<p>I\u2019m reading Morgan Housel\u2019s book\u00a0<em><a href=\"https:\/\/amzn.to\/4h5YqYE\"><strong>Same as Ever<\/strong><\/a><\/em>, and Housel shares a quote from one of Nixon\u2019s speeches:<\/p>\n<blockquote class=\"wp-block-quote\">\n<p><em>\u201cThe unhappiest people of the world are those in the international watering places like the South Coast of France, and Newport, and Palm Springs, and Palm Beach. Going to parties every night. Playing golf every afternoon. Drinking too much. Talking too much. Thinking too little. Retired. No purpose.<\/em><\/p>\n<p><em>So while there are those that would disagree with this and say \u201cGee, if I could just be a millionaire! That would be the most wonderful thing.\u201d If I could just not have to work every day, if I could just be out fishing or hunting or playing golf or traveling, that would be the most wonderful life in the world \u2013 they don\u2019t know life.\u00a0<\/em><\/p>\n<p><em><strong>Because what makes life mean something is purpose. A goal. The battle. The struggle \u2013 even if you don\u2019t win it.<\/strong>\u201c<\/em><\/p>\n<p><cite>Richard Nixon<\/cite><\/p><\/blockquote>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-8-1024x512.png\" alt=\"\" class=\"wp-image-52918\" style=\"width:679px;height:auto\" srcset=\"https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-8-1024x512.png 1024w, https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-8-300x150.png 300w, https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-8-768x384.png 768w, https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-8.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption class=\"wp-element-caption\">A sad place?<\/figcaption><\/figure>\n<\/div>\n<p>I can immediately hear a bit of pushback.\u00a0<\/p>\n<p><em>1) \u201cSpeak for yourself, Richard. Golf every afternoon, retired in Palm Springs \u2013 that\u2019s my slice of heaven.\u201d\u00a0<\/em><\/p>\n<p>And perhaps a bit more cynical\u2026<\/p>\n<p><em>2) \u201cIs this just lip service to convince people to stay in the rat race forever? Hollow words saying that life loses all meaning without some form of work?\u201d\u00a0<\/em><\/p>\n<p>I understand that pushback, but I disagree on both counts.\u00a0<strong>The research clearly suggests that Nixon is onto something.\u00a0<\/strong><\/p>\n<p>Virtually every study of retiree \u201csuccess\u201d will mention\u00a0<strong>purpose<\/strong>. Though, to be fair, \u201cpurpose\u201d and \u201cwork\u201d are\u00a0<em>not<\/em>\u00a0synonymous. A person can find immense purpose without having a job or some laborious task.\u00a0<\/p>\n<p>But honing in on that purpose isn\u2019t easy.\u00a0<\/p>\n<p>Retirement expert <strong><a href=\"https:\/\/www.theretirementmanifesto.com\/\">Fritz Gilbert<\/a> <\/strong>describes finding purpose as\u00a0<em>\u201c\u2026the greatest of the secrets to a great retirement. Unfortunately, it\u2019s also one of the more difficult to achieve.\u00a0 Finding a purpose is an intangible quest, with no clearly defined checklists available to guide you in your search.\u201d\u00a0<\/em><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-9.png\" alt=\"\" class=\"wp-image-52919\" style=\"width:508px;height:auto\" srcset=\"https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-9.png 640w, https:\/\/bestinterest.blog\/wp-content\/uploads\/2025\/01\/image-9-300x169.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"\/><figcaption class=\"wp-element-caption\">Lost?<\/figcaption><\/figure>\n<\/div>\n<p>Now,\u00a0<em>perhaps<\/em>\u00a0your true purpose in retirement is to finally become a scratch golfer, sticking it to Richard Nixon\u2019s short-sighted advice. Any golfer will tell you that reaching scratch meets Nixon\u2019s criteria of \u201ca goal, a battle, a struggle.\u201d<\/p>\n<p>But that doesn\u2019t work for most people.\u00a0<\/p>\n<p>Instead, if you\u00a0<em>do\u00a0<\/em>have that golfing itch, you\u2019ll likely find more purpose in retirement by volunteering during kids\u2019 golf camp. Most retirees\u2019 driving purpose extends beyond themselves.\u00a0<\/p>\n<p>There\u2019s nothing tricky here. Like many topics in personal finance, it\u2019s <a href=\"https:\/\/bestinterest.blog\/simple\/\"><strong>simple<\/strong><\/a> to conceptualize but challenging to implement. <\/p>\n<p><strong>Retirement, like all of life, feels hollow without purpose.\u00a0<\/strong>That\u2019s a simple idea. The hard part \u2013 and your task, whether now or in the future, is finding your ongoing goal, battle, struggle. <\/p>\n<p>Thank you for reading! If you enjoyed this article, join <a href=\"https:\/\/bestinterest.blog\/subscribe\/\"><strong>8500+ subscribers<\/strong><\/a> who read my 2-minute weekly email, where I send you links to the smartest financial content I find online every week. You can <a href=\"https:\/\/us17.campaign-archive.com\/home\/?u=3fbae214bd0b124c6d543d7cf&amp;id=7dc2dd2c91\"><strong>read past newsletters<\/strong><\/a> before signing up.  <\/p>\n<p>-Jesse<\/p>\n<p><em>Want to learn more about <strong>The Best Interest\u2019s<\/strong> back story?<\/em> <a href=\"https:\/\/bestinterest.blog\/about\/\">Read here<\/a>. <\/p>\n<p>Looking for a great personal finance book, podcast, or other recommendation? <a href=\"https:\/\/bestinterest.blog\/recommendations\/\">Check out my favorites<\/a><strong>. <\/strong><\/p>\n<p>Was this post worth sharing? Click the buttons below to share!<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Richard Nixon remains one of the more fascinating and complex figures in American history, embodying well-known deep flaws in parallel with acts of brilliance.\u00a0 His\u00a0most infamous role was as the puppet master behind the Watergate scandal, ultimately leading to his resignation from the Presidency and scarring his legacy. Some historians point to Watergate as the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[11282,26352,1780,11077,26351],"dealstore":[],"offerexpiration":[],"class_list":["post-42110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-advice","tag-dicks","tag-essential","tag-retirement","tag-tricky"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tricky Dick&#039;s Essential Retirement Advice - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=42110\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tricky Dick&#039;s Essential Retirement Advice - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Richard Nixon remains one of the more fascinating and complex figures in American history, embodying well-known deep flaws in parallel with acts of brilliance.\u00a0 His\u00a0most infamous role was as the puppet master behind the Watergate scandal, ultimately leading to his resignation from the Presidency and scarring his legacy. 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