Thanks to L. K. Benson for sharing this blog about retirement planning.
Retirement Planning
Webster’s dictionary defines retirement as “a withdrawal from one’s position or occupation or from active working life.” For generations past, that was probably a pretty accurate description of retirement. You worked hard, often for one company, got your gold watch, retirement dinner, and your pension, and then lived a life of leisure (typically not for too many years after retirement).
But today, our perspective on retirement has changed dramatically. Most Americans no longer have a company pension to rely on in retirement. The average life expectancy for a male did not increase to over age 65 until the 1950s. Now it is close to age 80...
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