Rethinking Retirement Not Just Sitting on the Porch Sipping Lemonade
What does retirement mean to you? Sitting on your porch, rocking and drinking a lemonade, watching the world go buy? Or do you want an active retirement, still engaged in the world, travelling, starting a business, and spending time doing what you really want to do? Are you thinking of retiring early? Are you thinking of retiring now?
With increasing life expectancies and improving health and an increase in planning, the nature of retirement is changing for the better. So, how do you make sure that when it comes time to retire, you’ll be able to enjoy the lifestyle that you’ll want to lead? The answer is effective goal setting and planning for those specific goals.
While once retirement was seen as the culmination of one’s working life, today retirement is increasingly viewed more as a life transition. Retiring “early” (usually defined as before eligible for Social Security) means you are still young and healthy, able to pursue hobbies, business interests, and travel.
Today, people in their 60s are generally healthier than past generations and this will only increase further as we live healthier lifestyles and benefit from advances in medicine. Life expectancies are also increasing. In 1935, a 65 year old could expect to reach age 77
Tags: 401k, Financial planning, ira, life expectancy, planning, retire early, retirement, retirement fundsFiled under: aiachiangmai03