Planning for your retirement doesn’t have to be hard but there are several questions that you’ll want to consider. Rob West and special guest Mitch Anthony help you cover the bases to make sure you're on the right track for your retirement years.
Some points to remember about retirement:
Bottom Line on retirement -
We absolutely need to have a plan for retirement regardless of whether we stop working or not.
We need to think and pray through it.
Don't default to the cultural expectation of retiring to a life of leisure.
Tips regarding retirement from Mitch Anthony:
The focus in our world is having enough money to retire and never questioning the concept of retiring. The concept of retirement was born out of the industrial age when people used their physical capacity to earn their pay. The concept doesn't apply in today's society.
Work = engagement that brings value to others and meaning you. When we work, it could be either a volunteer act or it could be a job for pay. Whatever you do to "keep busy", make sure it's productive and that it brings meaning to you. Too many people enter retirement and wind up with no purpose in life and leisure does not replace that need.
If you don't feel like working a full 40 hours of work per week, perhaps it's a good idea to, instead of completely retiring, to keep your chosen profession and just change your work schedule.
Next, Rob, Steve and Mitch answer some listener questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
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