A Brief History
Up until the 1960's or 70's the term retirement planning held no particular meaning for most people. Manual labor was the main gauge of productivity and
strong, young workers were in demand. Older workers were left to rest and
reflect on life (it’s no coincidence that one of the meanings of retire is
to go to bed at the end of the day).
Nineteenth-century German Chancellor Bismarck made retirement official, encouraging older workers to make way for younger ones.
He established a national pension and chose 65 as the age of entitlement.
The word retirement is often associated with inactivity and 'watching the world go by'. There have been several attempts to establish more animated terms but, so far, none have stuck - so, retirement it is.
When you leave the ‘regular’ work force these days you will probably
be energetic, enthusiastic, possibly younger than 65 and looking forward to the
next third of your life. For many, that could be longer than time spent in a career!
The French have a term – ‘Troisième Age’ – the stage of life after children have been raised but before the onset of extreme old age. These days the ‘Third Age’ comprises people who are healthier and wealthier than ever before.
If you are one of them (The Baby Boomers and older) you are becoming or have become free of formal commitments and responsibilities.
Money is, as always, extremely important. The difference now is that you won't be concentrating so much on growing your wealth and acquiring possessions; you will be focusing more on the monthly paycheck in retirement and how it will affect your new lifestyle
Many pages at this website explore the relationship between money and lifestyle and how it can affect retirement. They provide current knowledge and resources dedicated to understanding retirement and feeling great about the ‘Third Age’.
Information is constantly changing - for example, government rules are created or modified, health and wellness standards evolve and new housing options arise.
Viewpoints about retirement can help to develop a clearer understanding of what it means and how to plan for it.
'Feed Back' would be favorable, dialogue desirable.