Third Time’s the Charm
When it comes to retirement, Michael and Cathy Jones may have finally settled down, with the help of Signature Wealth Strategies.
Everyone’s ideal retirement is different. In fact, it is not uncommon for some to retire more than once. That is the case for Leland residents Michael and Cathy Jones.
In 2012 Michael retired from Ann Taylor, the specialty women’s apparel retail chain, as a transportation and logistics strategist. That is when he and Cathy made the move from Louisville, Kentucky, and settled in Brunswick Forest. But that was actually his second retirement.
“Before that, I worked for Sara Lee Corporation in Winston Salem in supply chain management,” Jones says. “I retired from there in 2005.” But not quite content with retirement, that’s when Jones re-entered the workforce and left North Carolina for Kentucky.
When it came time to finally retire in 2012, the Joneses knew exactly where they wanted to settle down.
“Our daughter played in soccer tournaments across the state when we lived in Winston Salem, which brought us to this area several times,” Michael says. “We’re also originally from Michigan, so we were tired of experiencing cold winters.”
Even with the extra time to finally stop and smell the roses, as the saying goes, the Joneses were not quite content. Once again, they redefined what it means to retire by embarking on a third act: owning a business. Along with other investors, they started House of Pickleball in Leland, an indoor pickleball facility.
“We wanted to keep busy,” Michael says. “It was work, but it wasn’t corporate America.”
A year-and-a-half ago, the Joneses sold their interest in the business. But they still play the sport almost every day.
Most retirees have specific plans they look forward to in their golden years. Now, for Jones, it is just to relax. He traveled the world for much of his career, so travel is not high on his bucket list. “We do, however, have a trip planned to Alaska when it’s all clear to do so,” he says. “It will be the fiftieth state I’ve been too.”
Enjoying their lives is their biggest priority. They love where they live, the weather and spending time with their family and friends. They have a three-and-half year old grandson in Louisville, and he comes to visit a few times a year, “which has confirmed one thing: babies are for young people!” Michael says with a laugh.
Though the recent market fluctuations in response to the COVID-19 pandemic have caused concerns for many retirees, Jones has an optimistic view.
“As much as anybody can be right now, we’re in pretty good shape,” he says. Much of that security comes after moving his financial holdings to a local wealth management provider, Signature Wealth Strategies. “Before, I was working with a group headquartered in Boston. I never spoke with them or met them. I just decided it was best if I brought things closer to home.” Michael credits the personalized service of the local company with helping him reach his retirement goals.
Will there be a fourth act? “If Cathy has her way,” Jones says. “My wife is content with me not relaxing.”
Jones currently works with UNC Wilmington as a mentor for students interested in supply chain management, but he also sees that there may be a need for him to volunteer his logistics experience once the economy opens back up.