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Retirement Planning
Working Less, Retiring Longer
by Chris Parry (Write for us!)
(Click on the links within the article to get definition of that word)
It is the dream of just about every man and woman in the free world to work as little
as one possibly can in order
to enjoy the greatest amount of leisure time possible. Since the days when the mass production of food made it
possible to stockpileresources for future use instead of hunting and gathering on a daily basis, man has wanted
to have his proverbial cake and eat it too, while he lazes in an armchair and sips from a bottle of champagne. There's
nothing inherently wrong with any of this, of course, except that it means that we tend to work an extreme amount
in a concentrated period of time in order to spend the period of not-working time in as comfortable a situation
as possible. For the prospect of retiring in the 21st century, this means that, if one has the option, one
can work a tremendous amount until the age of retirement (usually thought to be someplace around 65) and then
one can sit back on the laurels and take it easy. The economicprospects that govern whether or not it is going to
be possible for you - in whatever profession you find yourself in - to be able to retire comfortably, are not entirely
up to you, but are essential to know so that you can plan in the best way possible to achieve
your retirement goals.
If you're young enough to have not had to think too seriously about retirement and how you are going to manage it
in a society that is about to see a huge chunk of its population hang up their hats in the next 20 years, you
might want to sit up and take notice. The Social Security system that exists thanks to Franklin Roosevelt's "New Deal"
is going to see some seriously hard times when the baby-boomer generation retires. This means several things for
the ordinary working classpeople like us. For one, we may not be able to retire as early as we'd like, at least
not with the system of retirement planning that currently exists in America, and so we'll either have to plan to
work longer, harder, or find a new way to save money. It seems likely that even the baby-boomer generation is not
going to be able to take off to their retirement paradise in the tropics as early as they'd hoped, unless
they've done some pretty clever financial planning themselves.
What you'll need to look into is finding a financial advisor or planner that can help you with your currentfinancialposition and
tell you what the rightinvestments to make are. If you are self-employed, you are surely going
to have to do your owninvesting as you are not going to have a pension or 401k to fall back on as a bare
minimum safety-net. Every one will have a different case and a "best way" of saving for their future, and if
you are someone who wants to know what it feels like to work less and retire longer, it is up to you to put
in the effort needed.
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