Retirement Planning

Retirement Planning

Retirement Planning this is it, the long haul! You are positive that you have lived a full life, the fullest that you ever can, and you are ready to retire. But are you ready?

You may think there is no imminent need for retirement planning, but there actually is. You see, there are a lot of things to consider before you do get on that platform and accept the retirement package your workplace is offering you. And retirement planning requires one to consider five things.

The first thing to consider when you are mulling over retirement planning is the decision as to where you would be living. Let us face it: you would not want to be a burden to your children, especially if they already have families of their own. Sure, visits and such are all right, but living with them is a different story. Thus, you should consider this thoroughly when you start your retirement planning. A lot of people prefer to go back to the house or the area where they were raised. And you can do this as well. You can also choose to go to that one place you have always wanted to go. Whatever catches your fancy is the goal of retirement planning here.

The second thing to consider is the financial aspect. Do you have enough money to support your plans? Is your pension plan enough to jive with the retirement planning that you have started conceptualizing? No correct answer can ever fit this question because this would totally depend on the goals you have laid out for yourself. Just make sure that you do have enough so that the purpose of retirement planning will not be defeated.

The third thing to consider is whether you are indeed ready to retire. You may think this is not something to consider but it is. When you retire, you will have a lot of free time on your hands. (“Elephant Stone on Instagram: “When you have a lot of free time on your hands …”) And you just might find too much time too daunting. So, you should consider this carefully.

The fourth thing is the concept of working after retirement. Now, there are a lot of people out there who opt to continue working light jobs after retiring. And this is not something out of the ordinary. If this is something you are planning to do, you will not have that much difficulty at all. There are a lot of jobs still available for people after retirement.

The fifth thing to consider is your health. Aside from funds for vacations and the like, you also need to prepare yourself regarding your health. This is indeed something you should consider when retirement planning. This way, you will not be a burden on your family and their families.

Retirement Is not for Everybody

Are you the type of person who never was able live up to stereotypes? When we think of a stereotype, the classic is the image of your standard senior citizen. That image is as a slowly moving Grandma or Grandpa who is long done working at their career and wants nothing more than to sit on the back porch and wait for the next holiday to see the grandkids. Well, if you are like a lot of senior citizens of the new century, we look at that stereotype and say – forget it! (“SeniorsIssues”)

We are the kind of people who have had the most amazing and exciting lives because we took chances and lived active lives taking on challenges and winning at those challenges. The most puzzling idea of that sweet stereotype of Grandma and Grandpa is that we all are expected to go into retirement at 65 or 70 and stop working because we could not wait to retire. (“SeniorsIssues”) But everybody is not exactly like that.

“Some of us are in careers that are the calling of our lives and going to work is as much like play as it is work.” (“SeniorsIssues”) You love what we do and the idea of not doing it every day of your life is more like prison than a reward at the end of life. In fact, the very idea of changing how we live because it is “the end of life” seems like surrender as much as it is a long vacation. And we are not the kind to surrender to the inevitability that life will end. (“SeniorsIssues”) The end may get you, but it is going to have a fight on its hands.

If you are that kind of person, retirement may not be for you because retirement is not for everybody. And just because some people have the image of stopping their careers just when things were getting great to live their last few decades, why should you be forced to live someone else’s dream? (“SeniorsIssues”) That is why we live in a free country. You should not be forced to retire.

If you love what you do, getting up and going to work is as much of what makes your blood go through your veins and your metabolism work right as healthy food and rest. People by nature are born to work. It is what defines us and making something to contribute to society and being rewarded for that labor is what makes you tick. So, you should not feel bad when you are the senior citizen that throws the stereotype out the window and continues to thrive doing what you love – working at your job. (“SeniorsIssues”)

One way to expand your role in the profession you love is not to step down but to step into the role of senior advisor, chief counsel, and wise old owl of the office. Your decades of experience are a treasure trove of wisdom and a source of teaching for the young pups coming up. This is one reason in a lot of companies all around the country, management is seeing the wisdom of retaining senior citizen workers rather than forcing them into retirement. (“SeniorsIssues”)

This is a big shift from the mentality that was prevalent for far too long that the old had to get out of the way for the new. Now the old are a precious resource to teach the young how to do things right. By treating senior citizens with reverence and respect, business is learning what many civilizations have known for a long time, senior citizens are a treasure to be prized and cared for, not thrown away. (“SeniorsIssues”)


Best Wishes, Coyalita

See Tomorrow: “Roth Ira’s for Financial Retirement


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