Retirement can we afford it?
People over 65 years of age is increasing every day, and living longer, and healthier because of the health warning and the new technology we came across over the years.
In the 1800 and into the 1900 most people died in their 40 -50 . Many individuals in they late 70- 80 continue to live healthy and happy lives, my father is 92 and going strong, and enjoys watching the Bold and the Beautiful) and his favourite soap opera is "Day of our lives, (no wonder). and the most important thing is my parents still lives in the comfort of their home...
According to the experts aging and growing old is a normal process, Normal changes occur in the body structure and function during the aging process. because of the changes, the elderly have special needs.
People traditionally retire at the age of 65 some folks retire earlier, Others continues to work until the age, of 70. Retirement has been viewed as a reward for a lifetime of hard work, and yes some folks earn the right to retired, however, in this economy can some folks retired? but 40% of American say they can't afford retirement, and it's a shame, after years of hard work, and now it seem impossible,
SHOULD WE STOP INVESTING OUR HARD EARN MONEY INTO RETIREMENT FUNDS?
401 k plans, IRA .
WHAT YOU NEED TO SAVE
If you are making about 29,000 per years, according to a little test done on this figure
you should be saving at least $6,160 per year, at a saving rate at 22.0%, that might not say much,
however, that is the some of the reason we have to continued working, and the figures do not lie.
Travel, leisure, and doing whatever one wants are the benefits of retirement, Many folks is going to be unable to have all the leisure time, because of this economy either the lack of money, or because of some chronic disease or disability, poor health and medical expenses can make enjoying retirement difficult, even impossible.... and trying to work to the full retirement is going to take a toiled on our health.
According to some recent surveys, "Your Job or your health" many hospital workers is having a lot of back problems, offices worker, postal workers and the list goes on..so can they really make it to the retirement age?
Having a job, has social and psychological effects, working.. helps a person meets they basic and, personal needs, of love.. (belonging and self-esteem), personal satisfaction and usefulness.. all of this results comes from working, however, if you have to live from paycheck to paycheck does it worth it?
For many of us, moving close to retirement and thinking of the monthly social security check, is it going to be enough, and as you know it is going to be our only source of income, however, retirement and aging do not result in less expenses, not even half fare on the city buses, there is going to be still rent or mortgage payments, food, clothing, gas and electricity, water bills, and taxes are other expenses.
Car expenses, home repairs, medicine, and heath care add to to the individual's expenses, Entertainment and gifts for children and grandchildren are other costs. For many people retirement causes severe financial difficulties.
Luckily for those who planned for retirement, saving and investment retirements plans and insurance coverage....please go and have some fun., go fishing, plan a cruise, visit your grandchildren, just do not sit around and do nothing .. you work hard all your adult life, you earn it. now enjoy it..
