are we suppose 2work througout our life or 2 honour the retirement age after superannuation. plz enlighten.?
600212
i would say honor the retirement age , there are a lot of young people that need to work that can't find jobs . But it would be hard to honor the age if you didn't plan for retirement and have no choice .
154185
Pensions are OLD FASHIONED.\nPensions are for when people can actually afford to retire, the pension is a private fund that the COMPANY controls on your behalf... sounds like a conflict of interst thing? would you trust big corporations like Enron with your pensiion??? This more about character or the lack of it... The big corporations used pension plans for theie own greed, laws have changed and so the future for pension plans is very bleak
553768
It's more important, but less urgent. The reason it's more important, is because when your kids reach college age, there will be options open to them. They will be able to go to college if they want to. But when you reach retirement age, and if you haven't prepared for it, you might not be able to retire, or you might decide that you don't want to retire with what little you have. Social Security is helping seniors less and less, and in the future it will only become increasingly inadequate. Schools are implementing more and more work/study programs. You want to do both.
998065
I retired at 38, but that was 2 years earlier than I planned.  But, that is because I was self-employed.  My husband, on the other hand, will not retire until he is 62 1/2 in order to get his full social security benefits because he'd be a fool not to.  He's paid into it for 40 years and deserves every penny of it.  If he retires early, he would receive a lower monthly benefit.
88727
Social Security, I pay hundreds and some pay thousands to people who didn't plan for retirement that we will never see again.  In 2018, according to the numbers, SS will be giving more out than it is taking in.  I don't know about you, but I'm bitter that I'm paying someone else and won't be paid back.  That's why I'm saving in a 401(k).  I know that money won't be there for me when it's my turn.
480085
the rest of your life to live. turning 41 doesnt mean you cannot do the things you done previously to that it just means  your 41 yrs more expericed at doing it
243375
I think your time would be better spent teaching the current workforce how to take care of their own retirement. Teach people how to invest on their own through investment strategies designed to meet their retirement goals. Teach people that it is far better to rely on themselves than some huge corporation or the government.\n\nMy retirement strategy calls for NO pension from anybody. While I do have a pension as a work-related benefit, I do not count on it being there. If it is around when I retire in 20 years, it will be a bonus. But I will not need it because of my retirement planning.
141803
Not knowing if Social Security will be available for when younger generations are elderly; it's a good idea any to save your money today for when you get older.  You could still work if you want to when you're older, but wouldn't be nice knowing that you don't have to if you don't want to.
193362
I'm just guessing here, but if you are over 50 and haven't yet discovered your dream career, it is probably retirement.\n\nGod knows, that's my career dream.  18 years and counting!!!
413016
so did I samkc2000, but as I approached that age I realised that living life as it should be lived was more fun that making money. To quote a cliche, money can't buy me love, whether it's the love of family, a significant other, friends. I enjoy life now far than I did when I was working to make someone else rich. But you'll only realise this as you approach 50. On a more serious note if you want to make money you have to earn it, then invest, invest, invest in retirement/pension insurances etc. It's the only guaranteed way and used by most of the comfortably off over 50's that I know.
458216
It's your life, and what you do is essentially between you and God, and, if you're married, you and your spouse.\n\nI take it you don't enjoy your job.  If you have enough in the bank to take care of yourself, then yes, retire.  You can take the time to go to school, pursue a hobby, or follow a second career doing what you love.  You could also travel or volunteer for a cause you care about.\n\nMy brother retired at age 55.  He's managed his money quite well.  He now plays in a rock-and-roll band that plays 1960s music.\n\nOne caveat: if you're essential to your current job, make sure you train your replacement well!
1043611
I generally know where MY money goes although no one ever knows where the money they earn goes as a proportion is for taxes (wasted on politians) and a proportion is for superannuation (this is to cover the cost of fees rather than earn money for retirement).  Then there is the miscellaneous bank and financial institution fees where a lot of my money is wasted.
1080953
Your savings should be placed in safe investments (bonds, certified deposits, or deposits protected against inflation) which will yield about 5%.\nYour yearly expenses being Rs.3,60,000 (12 x Rs30,000), the required amount of savings that would produce this income is:\nRs.3,60,000 x 20 = 72,00,000\n(multiplying by 20 is the same as dividing by 5%).\n\nThis assumes that you have a very very long retirement.\nIf you factor in the number of years you expect to live (you did not specify in your question), the amount above is reduced... however the calculation is more complex.\nAs an example, if you expect your savings to last 25 years after your husband retires, the amount becomes approximately 50 lakhs. Sounds like a lot? one thing you can do is reduce your monthly expenses (in retirement people usually spend less) and save, save, save!
328519
Retire from what ? I am an Indian. In India the general retirement age from service is around 60 years for both men and women.\nBut there is no retirement age from your social commitment and duties. And I think it is valid for anyone in any country.
99085
right time to grow together.  many factors in your life may answer that better.  do you have $ saved? family supports? another income? then perhaps is the right time.
427969
I would give it to my parents to save up for their retirement my dad works in construction and he has no 401k or any kind of plan for retirement when he can no linger work that's it for them they are just gonna live on social security checks which we know is not enough to live on...I know that 50gs is not enough to live on for a long time but its a start better than nothing.
909612
I'm a stay at home. So what I do is from my home. This business can be life changing, if you put forth the effort. A lot of people retire in 2-4 years. Contact me for more information. talesacooper@sbcglobal.net