How To Make The Most Of Your Time And Money When Approaching Retirement tvdmexonline.com /approaching-retirement/ TVD
Approaching retirement could be a nightmare, if…… After 50 you’ll start to have retirement on your radar, but approaching retirement could be a horrible surprise for many people. We all have different careers and paths in life. The approaching retirement is what unifies us all. The situation was somewhat different when our parents were retired. By that time the funds were sufficient to finance a decent and even a pleasant retirement. With increased longevity and poor performance of the pension funds, the reality is different. If you don’t have any private saving funds to rely on you could be facing a sad reality when approaching retirement. The statistics are scaring. According to an article in USA Today published in March 2017, only 24% of baby boomers are confident they will have enough savings for a comfortable retirement. And that figure is down from 36% a few years earlier. The other side of the coin is the time. My father worked hard and earned good money. He always talked about what he and my mother would do when retiring. Then my dad suddenly died just after 61st birthday, and they never were able to fulfill their dream together. When that happened to my father, it was the first time I thought about time as an essential variable in the life equation. It was a kind of “wake-up-call.”
Get More Time To Do What You Want When Approaching Retirement If I ask you: How long are you going to live from today? 3 years, 6 years, 10 years, 40 years? No one knows for sure how long we have left, and a better question would then be: How do you want to spend your remaining years? Will your life be filled doing the things you really want to do, or will you live hand-to-mouth for the rest of your day? When at the top of your career, you could have a good income but no time. Or you can have a lot of time but no money to spend on what you would like to do in life. For us baby boomers, it goes from a subject to a severe issue when approaching retirement. To be honest, when in your 40s and peaking your career, you never think about retirement. It’s so far away that you don’t bother. However, the time passes faster than what you can imagine, and once of a sudden, you are approaching retirement with high speed. The economies and business environment have been more stringent for every year and to find a job, especially 1/4