The Retirement landscape is changing for millions of Americans and it’s being driven by both employers and the goals of future retirees. If you are currently working and plan to retire in the near future, you may have already seen these changes happening all around you.
It's very likely that the Baby Boomers, Generation X and Generation Y will “retire” later than previous generations. And it’s not only because the age for full Social Security benefits is changing. Retirement is no longer an event, but a process. Rather than an abrupt stop working full time, many have decided to trade in their full time stress for a part time love.
Instead of working for one company for 40 years and collect a company pension that will last forever, it's much more likely that you’ll have 4, 5 or more employers during your lifetime. Instead of being covered by the company pension, you’ll contribute to a 401(k) and if you are lucky receive an employer match on your contributions. Beyond that, it's unlikely that retirement will be years of sitting around...but much more likely an extended vacation before moving back into the work force at a slower pace with reduced hours and more “fulfillment.”
Unless you believe in reincarnation, you only live once. Live passionionately!
Wishing You Wealth in all its Greatest Forms
Alex
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