Dear Eric: I’m a guy in my mid-60s, in relatively good health, but I’m fighting the whole getting older thing on a daily basis. I still want to hit the ball 250 yards every time and sexually knock it out of the park each time I get the chance (divorced and dating here). So, is this an OK “rage against the dying of the light” thing, or is this an older guy who refuses to accept aging gracefully and looks positively foolish to the rest of the world?
—Home Run
Dear Home Run: It’s good to have goals. I don’t know that anyone, regardless of age, hits the ball 250 yards every time. That’s just not how intercourse or human bodies work. (And, dear readers, if you’re someone who believes you do knock it out of the park every time, don’t email me about it. Congratulations, and keep it to yourself.)
Sometimes the proverbial ball is going to get to 249. (We started with golf metaphors, so I’m going to stick to that sport.) Sometimes it’s going to get to 100 but everyone involved is going to have a great time on the green anyway. One of the things that is difficult about aging, but can be very rewarding in the long run, is seeing the changes in your body as an opportunity to get to know yourself anew. You’re not going to move through the world the way you did at 22, but also the 22-year-old you didn’t know the things you know. So, if you can set aside the goal of engaging with others like your younger self, I think you’ll find room to welcome in the experience you’ve accumulated in the past few decades and the ability to check in with your partner about what they want.
Dear Eric: A letter on March 2 was written by someone named “Invested Time.” They seemed frustrated that their 21- and 17-year-old nephews were not sufficiently involved or interested in learning about financial planning and investing, despite what are clearly some very generous financial gifts given to each of them. The writers were so disappointed, they were reconsidering their decision to provide for them in their wills.
All I can say to that is, “Oh boy.”
I have been investing for more than 40 years (24 years professionally on Wall Street) and have a reasonably good handle on how to create and manage a personal portfolio with these kinds of investments. With all of this experience under my belt, if someone handed me a list of “50 well-rated” funds, I would probably go into “TILT” mode. That’s overwhelming even for the most experienced investor.
Their intentions are admirable, but they needed to have these kids walk before they could run. A simple start could pique their interest, and they then may want to expand their horizons on their own without “Invested Time” having to provide a whole lot of encouragement. Again, training wheels before a 10-speed.
—Time Out
Dear Time Out: Absolutely. And a reminder: when you’ve got training wheels on, you’re still riding the bike. It’s OK to start simple and take your time.
(Send questions to R. Eric Thomas at eric@askingeric.com or P.O. Box 22474, Philadelphia, PA 19110. Follow him on Instagram and sign up for his weekly newsletter at rericthomas.com.)
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