Recently I received an email from a reader who asked for some feedback regarding a decision he was about to make. He’s in his early 50’s, single with an adult child and is considering resigning from his well paid and secure job in order to gain access to his substantial pension fund, which represents at least two thirds of his total wealth.
Why would he do such a crazy thing? Well, when he considers the growing financial, political, social, environmental and resource disruptions, he feels it may make sense to retrieve his pension now before the dollar devaluation accelerates and his pension fund loses significant purchasing power or is substantially lost to government decree and Wall Street greed.
He has talked to friends and acquaintances about what’s going on in the world these days and his thoughts about getting out and moving on with his life in a more prudent and thoughtful manner. All believe he’s nuts. Gone round the bend in fact.
So, he turned to me for some feedback (an “informed perspective” he said, though I’m not too sure about the informed part) carefully explaining he understands this is his decision alone and he’s responsible for any and all consequences of any action he may pursue.
Wow! Someone who is actually considering a radical life change and is already burning his get-out-of-jail-free victim card. What a refreshingly rare and responsible point of view. He actually led with that in his email and I couldn’t help but sit up and take notice.
Clearly this person warranted a detailed and in-depth response from me, if for no other reason than to show respect for his maturity and forthrightness. What follows below is a much expanded and edited version of my thoughts, which I promptly emailed back to him.
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