I just retired!
Last Friday, I told Rick Tigner, the CEO of Jackson Family Wines and a man for whom I have the utmost admiration, that I was quitting the job I’d held since March, 2014.
Why? Because I turned 70 years old in June, and I’m feeling my age.
I always had believed I would be retired by seventy, provided my finances were in order. I inherited no money from my parents, and I never had a proper pension, because I’d worked for nearly 30 years as a freelancer for Wine Spectator and Wine Enthusiast, neither of whom paid very well. What I did have in the way of a nest egg, though, was a very nice private investment through my family that gave me every expectation of a comfortable old age.
Alas, that private investment turned out to be run by Bernie Madoff. On Dec. 10, 2008, I—along with thousands of others—got the bad news: My life savings were gone. Along with the money went hopes of an early retirement.
However, there was some good news: In 2005, the feeder fund I was invested in unexpectedly stopped accepting new deposits. Thus, for the next four years—until the date of the Madoff arrest, and for the eight years since–I was, through force majeure, able to invest my money elsewhere. And when, in 2014, Jackson Family Wines offered me the new job—at considerably more money than I’d ever made at Wine Enthusiast—I was able to tuck away much of that, too, with the result that, by last week, my banker and I determined that I did have enough money to comfortably retire. Granted, I will never have a high-spending lifestyle. But then, I never had one before, and you can’t miss what you never had!
Turning seventy, in case you haven’t had the experience, is psychologically impactful. When I turned 40, 50, 60, it didn’t change how I felt about myself. My health was wonderful: I’ve always been in the top one percent of my age cohort when it comes to fitness. But seventy? You can’t make believe any more that you’re not old. Seventy may be “the new forty,” but it’s still threescore and ten, which Psalms tells us are “the days of our years.” The aches and pains accumulate; one fatigues more easily. More to the point, one becomes happy with (or at least reconciled to) what one is, and stress, which is inevitable in any job, is no longer welcome. The result was that, after an enormous amount of reflection, and plenty of back-and-forth in my own mind (Should I do it? Shouldn’t I?), I decided to “do it.”
This decision obviously has major consequences for me. For one, it means I’m on a fixed income. For another, it means that my career in wine is over. Period. Done, finis, #ByeBye. I no longer have any reason to be interested in wine, aside from drinking it, although it’s likely to be years before I fully disengage from thinking and reading about it; old habits die hard. But I have already begun that process in full deliberation. The symbolic act of interment, which I have yet to take, will be to eliminate all the Google alerts for “wine,” “wine industry,” “wine critic” and so forth that have filled my in-box for so many years. I haven’t done that yet…but I shortly shall.
And this blog?
Well, I still have a lot of readers. Whenever I traveled the country for Jackson Family Wines, people—complete strangers—came up to me and told me they read me every day. That is enormously gratifying; the only people who probably can relate to it are my fellow bloggers. It hasn’t always been easy to come up with topics five days a week, but then I think of all those folks across America (and in other countries) who begin their day with a little Steve, and I don’t want to disappoint them…to disappoint you.
So I will continue this blog. But there will be changes. Big ones. Going forward, I’ll write about anything that interests me. It won’t necessarily be about wine. I will frequently write about politics, which is an intense interest of mine, and I will certainly do my best to demolish the Republican Party, which deserves it. I’m sure I’ll lose readers, maybe a lot of them. But I may also gain some new ones. Be that as it may.
So, to those of you who are going to bid me a fond “farewell” because you want a strictly wine-oriented blog, I say, Adieu to you, too. Thank you for reading steveheimoff.com all these years. But you might check me out from time to time. The writing will be better than ever.
One final remark: I can’t begin to express how grateful I am to the Jackson family “kids” (as I call them) for the friendship, support and, yes, love they have given me. Julia…Chris…Ari…Hailey…Max…Katie…Shaun. You are wonderful, kind, special people with extraordinary hearts. I’m so very glad I had the privilege to get to know you; our tastings (and we still have one more left!) have been a highlight of my career. Your parents raised you right.