David John MarottaDavid John Marotta is the President of Marotta Wealth Management, a fee-only financial planning and asset management firm in Charlottesville, Virginia. He is an oft-quoted writer and speaker on financial matters and his weekly financial column can be found at www.eMarotta.com
Host: How can we preserve our social network in retirement?
David Marotta: One of the best ways to preserve your social network in retirement is to not retire completely. So, we recommend, as you age that you look at not a cut-off point at which you quit and stop working entirely, but a gradual phasing out of a fulltime career into more and more part-time careers. So, you made a side, you are going to cutback your hours to halftime and you are going to work halftime.
Believe me, most companies given the choice between losing you entirely or losing you halftime will lose you halftime because halftime of your work is more than halftime of your productivity. So, you can gradually phase out your hours. This gives you free time to begin to build other parts of your social network. So, you can begin to be more involved in community work or your Church or other projects or other hobbies that you need to develop.
This will give you time to not lose your social network if you work and begin to produce a social network outside of work.