In the 3rd episode of this 4 part series Jerry dives into the reasons why people choose not to retire, including a fear of running out of money and a love for the culture and social connections at work. He emphasizes the importance of having a portfolio that provides stable and increasing income, rather than just focusing on growth. Jerry explains the concept of preferred dividends and curated portfolios as strategies for generating income during retirement. He also highlights the need to plan for required minimum distributions (RMDs) and the potential consequences of not having a sufficient income stream.