Retirement planning: "Unretiring" to stay in the game

Knowing when it’s the right time to retire can be difficult, especially if you love your job. Even professional athletes have a hard time knowing when to walk away!

These athletes thought they were ready for retirement but “un-retired” and returned to seek new challenges or extend legendary careers. Let’s look at their non-traditional retirement planning stories.

After the 2022 NFL season (and after missing out on another Super Bowl), Tom Brady announced his retirement, only to roll it back about a month later. His “retirement” barely lasted 40 days! After reflecting on his decision, he stated that the time will come when he is ready to retire, but it’s “not now.” Instead, fans can expect to see him playing for the Tampa Bay Buccaneers for his 23rd season in the NFL.1

Professional runner Keira D’Amato’s career was cut short when a foot surgery forced her into early retirement. Then, after a seven-year hiatus during which she mothered two children and embarked on a new career as a realtor, Keira returned to the professional running scene to claim the women-only 10-mile record by nearly a minute. She continued to train and eventually went on to represent the United States in the 2022 World Athletics Championships.2

Earvin “Magic” Johnson led a superstar NBA career and retired in 1991 after announcing that he was HIV-positive. He then went on to play in the 1992 NBA All-Star Game (and earned the MVP award). He wanted to play in the 1992-1993 season, but the comeback got scrapped in the preseason. He then went on to play 32 games in the 1996 season and then retired for good. At least, from basketball. Today, Johnson is an entrepreneur, and you often read of his involvement in a number of high-profile deals in a wide variety of industries.

The good news about retirement is that it’s far from the end. It’s merely a change in circumstances and might even be turned around if you miss the action or are offered the right deal. Furthermore, retirement planning isn’t necessarily about leisure but about using your time to pursue what moves and motivates you. Next time we speak, let’s chat about what you want to get out of retirement and which paths you might consider.

Accompanying Image by All-Pro Reels Photography | Licensed under CC 4.0

1. NBCNews.com, March 13, 2022

2. WashingtonPost.com, July 17, 2022

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