Benefits Of Retirement Planning For Retirement Essay

Benefits Of Retirement Planning For Retirement Essay

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What is retirement? The answer to that question may very well differ from person to person. One definition of retirement is a period where a person may begin to collect pensions or monies which had been save in a special account for when a person leaves the world of work. Another idea of retirement is simply the age at which people stop working completely. Some organizations are forcing older people to retire at age 65 doesn’t mean that they are incompetent to work. It is stereotypical to think that since they are 65 they can’t perform tasks up to par. According to the textbook, Adult Development and Aging, retirement is a complex process by which people withdraw from full-time employment.
Retirement planning is an important activity that everyone should involve themselves in early in their working career in order to be properly prepared for life after work. It is easy to get caught up in working and spending money on making a life for ourselves now and forget about making sure we have enough money to enjoy life when we are no longer working. If you do not plan for retirement you may find yourself without the money to live the life you have grown accustomed to over the years. The news has reported quite off that Social Security may not be around by the time most of us retire. So plans needed to be made with the idea in mind that there is no guarantee social security benefits will be available when you retire.
Retirement is when you leave a job/career and no longer work. Retirement can mean slowing down from your busy lifestyle to begin a more relaxing lifestyle. To me retirement means to enjoy all the things you worked hard for and to have but have yet to be able to enjoy. How people feel about...


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... gas wells. Another idea to prepare for his retirement would be to invest is in some stocks and bonds for additional monthly income. Coleman said he had figured up with all his wants in retirement, he needed at least a million dollars, which averages out to roughly two thousand a month.
In conclusion, there are five personality characteristics have been attributed to later life satisfaction. Extroversion which includes people that are outgoing, positive and active, usefulness and competence which provides a higher level of involvement with others and renders purpose and structure to use of time (Ranzijn, Keeves, Luscz, &Feather, 1998). Optimism is another belief that ones’ decision will lead to positive outcome. Finally is a sense of control such as engaging in leisure activities or determining when to retire. (McConatha, Jackson & Bergman, 1998).













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