The transition from work life to retirement can be difficult even for those who have already accepted that they have to give up their career some time in their senior years. A lot of people who have worked hard for most of their lives often find themselves at a loss on what to do when it is time to retire. Planning for this stage in life early on can help people cope with letting go of their careers and enjoying their golden years. After setting aside some nest egg for retirement, one can start exploring options on what to do when they retire. 1. Find a hobby you love Giving up one’s job is similar to losing a part of one’s identity. However, this shouldn’t stop anyone from filling this void with other things that they ...
Retirement and you – how much should you save up for
All good things must- and do inevitably- come to an end. Sooner or later, the wrinkles will start to show on our faces and the gray hairs will signify the demise of the days of endless bacchanalian buffets and bingeing sprees. When we get old, retirement will start knocking on our door. When that time comes, we don’t want to be caught unawares and find ourselves starving or relying on the good graces of others. Before it’s too late, we should start thinking about saving up for our retirement and golden years. But how much exactly should we save? Experts normally recommend saving at least 15% of your take home pay each year. But there’s more to consider than figures. Nobody can accurately predict what will happen in the next five or ten ...
