Never plan on retiring? Don't know how to plan? Turned off by the word retirement? The idea itself is unacceptable to some people because it speaks of coming to the end of the road, that life is over in any worthwhile sense.
Further, for those who reject the idea of retirement, based on their perception of what this period means, retirement planning is out of the question. I propose for our present purpose we discard the word retirement, planning for it, and instead examine lifestyle changes between your working years and when you are no longer employed. This brief, informal approach will indicate similarity and some expected differences between your life today and tomorrow.
The issues you think about today, live with and attempt to handle, embrace financial matters, wellness subjects, leisure activities, family relationships, living arrangements, legal affairs and various adjustment situations. Your success in meeting these challenges and finding solutions, will depend on your ability, determination, and individual situation. Let us compare our lifestyle today with what might be the pattern in the future:
|FINANCIAL: Period of increased||FINANCIAL: Period of re|
|earning and expenses for necessities||duced expenses and income; un|
|and pleasures, a time of investment||less your investment program|
|to increase your nest egg and some||has been successful, some con|
|savings program.||cern that you are not as secure|
|as you thought due to inflation|
|and higher medical costs.|
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Publication information: Book title: Passages of Retirement:Personal Histories of Struggle and Success. Contributors: Richard S. Prentis - Author. Publisher: Greenwood Press. Place of publication: New York. Publication year: 1992. Page number: 157.