If we boil things down to a simple two-part equation, retirement planning is all about managing inflows (income) during your earning years and outflows (expenses) during your retirement years. Of course, retirement means different things to different people at different points in their lives. Rather than a static state, retirement is a dynamic state, changing with life events, financial events, and even your own education as you learn more about concepts and products. The more information you absorb, the more comfortable you feel in being an active participant in the retirement planning process. Your plan for accumulating assets for retirement has to take all of this into account and be flexible enough to adapt to all kinds of changes. (more…)

As the nations of the world address the challenges of population aging, two key issues of concern are whether a sufficient number of appropriately skilled workers will be available to maintain economic productivity and whether the existing retirement pension programs will be able to maintain the growing number of retirees. A multidisciplinary literature addresses various dimensions of these joined issues, including studies of the trends in employment rates among persons 55 years and older, the relationship between aging and changes in physical and mental capacity, the influence of current policies on the availability and utilization of older workers, and how new workplace programs and government policies may lead to improved opportunities for jobs for older workers. The policies proposed in response to these concerns differ in their targets for change and in their tone. (more…)

The thought of retire early may be an illusion for some and a punishment for others. Everything is, as the saying goes, depending on how you look at it. First, is it the decision whether retirement is voluntary or forced? Often when companies offer their employee early retirement is not really such an offer since the other option is to be fired. (more…)

Life shifts after we retired. This is the time for someone to be free from necessities to go working for living, raising family, and some activities that we dislike to do. But this is can be also a time of boredom, uselessness, and slowing your life’s pace. Either way, the way we feel or behave after we retire is much more depend on what retirement activities and hobbies we want to do on that particular time. (more…)

Some early retirement survey focused almost exclusively on men when making retirement decision. Until recently, woman may have some decisiveness which affected retirement decision for her and her husband. Recognition of the difference point of view add some complexity on making retirement decision. Off course, the retirement decision is varied beyond gender and economic issues. Substantial differences in health condition, employment market, family finance situation, and care giving responsibility can lead to the differences timing of retirement. (more…)