Ed Slott, renown CPA and IRA expert, is airing a new retirement show, ‘Retire Safe & Secure‘ on your local PBS stations. If you get a chance, give the show a look and catch up on all the latest new laws and retirement trends Slott so boldly likes to tout about. One of the items Slott amusingly but casually glossed over is when a retiree switches from saving money to spending money. Slott made a snide remark stating that he could always tell which one of his retirement clients weren’t living a decent retirement by the clothes they were wearing.
Ed Slott said these clients would boast they were still wearing a pair of pants for 30 years and that the pants originally “belonged to their father!” The audience started to laugh but Ed Slott didn’t stop his critique there. He told his audience to look at themselves and note how they were currently dressed. Most every person in the audience was dressed shabbily. I didn’t see any humor in the exchange. Because Slott was right. People could instantly make a judgment call on the status of your retirement simply by looking at the clothes you were wearing.
There’s simply no reason why, in our retirement, we have to look like worn out slobs. No one is expecting us to go out and buy a $150 pair of jeans. We’ve sacrificed and gone without for most of our working lives. It’s OK now to look a bit more presentable in our retirement years. It’s OK to make a statement, by dressing well and letting people know we are doing fine. I understand it’s not nice to judge but reality check: people judge.
I found Ed Slott’s snide remark to be very offensive. Sure, he was up on stage dressed in a million dollar suit because he makes so much money from those PBS specials BUT did he need to mock the very same people, retirees, who made him that rich? Ed Slott’s goal is to make retirees wealthy. Apparently, he wants his clients to dress the part too and in that thoughtful trend, Slott is correct. How you dress in retirement shows how successful your retirement truly is.
Here are a few retirement dressing ideas I pinned off Pinterest. Spend a bit of money on yourselves, ladies. It’s AOK.