Retirement planning: are old methods good enough for the 21st Century? Retirement planning: are old methods good enough for the 21st Century?

Retirement planning: are old methods good enough for the 21st Century?

It is generally thought that saving for retirement is as simple as getting a good job, work for almost 30 years, save money and build a pension. Then, once you retire, all you do is enjoy the fruit of your effort. But does that work in this day and age?

More and more people are starting to understand retirement as building a second career instead of building savings. Whether it is because the stock market blew up and took all their life savings, the extended life expectancy or just out of boredom, more people are feeling the need to start working again out of necessity. This is a reality.

Having a second career or a post-retirement job is a good idea, not only economically speaking, but also because of how rejuvenating and energizing it can be.

Actually, a lot of people see this as the opportunity to build a career they love, as opposed to having chosen a career that paid well during the regular working years.

Effective retirement planning includes not only saving money, which is definitely a huge part of the deal, but also deciding how you want to live your life. As we are likely to live longer, we need to consider that we might not want to sit around doing nothing. On the contrary, we are probably going to want to feel useful, active and vital.

Whenever you start planning your retirement, you need to take into account these factors as well. There are many post-retirement jobs that you can consider.
The 21st Century has redefined the way we see life, so retirement planning should include who you want to be and what steps you need to take to get there. Focus not only on your savings but also in building a second career you’d enjoy. 

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