This image of retirement being a time of continual idyllic leisure is gone.
The so-called ‘well-earned rest’ after a life time of hard work, living off a generously funded company pension, is no longer real or relevant.
Although such leisure is important and part of everyone’s plans, retirement as a concept has fundamentally changed.
How does this affect you?
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It's all up to You!
In the ‘old’ days, retirement happened when your company pension fund rules or your employment contract said so.
Like at age 65, you received a gold watch (if you were lucky!), a retirement farewell lunch and away you went.
Today, it is all about the race to Financial Independence.
The sooner you get it, the sooner you will arrive at a place where the type of work you do, the amount of time you work and how much you earn is a choice.
DO NOT fall into these traps
- DO NOT think your employer will look after you after reaching the age of retirement in your contract.
- DO NOT assume that the money built up in the company retirement fund will be enough.
- DO NOT make the assumption that your employer will allow you to work past the retirement age in your employment contract.
