Wednesday, January 28, 2009

Retire or Not?




By:Jeffrey Kam

In today’s workaholic society, retirement may soon be a chance to begin a new career. People’s lives revolve around their work, less and less baby boomer wants to retire. Work does not mean spending hours in the office and receive pay check anymore in many baby boomers eyes. Baby boomers find work as an accomplishment, rewarding, a goal in life and refuse to leave the work force. Many retirees experience empty handed when they have stopped working. Besides physicals meanings work also have a lot of physiological benefits to it, surveys have shown a majority of the baby boomers desires to stay in the work force is to stay mentally fit.

Saving up for retirement is also critical to many people, now a day, delaying your retirement may lead to a more secured financially, and shorten your retirement span. Often times one may ask “When is the best time to retire?” One can start to save for retirement at the age of 20. Having the right strategy will help your retirement saving less difficult. Avoiding certain fees will save a huge amount of mount in your 401(K). One percent in fees will change cash dramatically. In addition, creating a emergency fund will help your retirement planning for paying unexpected medical expenses, and other emergency expenses. In conclusion, some may find retirement is a start of a new career; others are planning early to save for retirement.

http://www.usnews.com/articles/business/retirement/2009/01/26/8-retirement-tips-for-20-somethings.html?PageNr=2
http://www.msnbc.msn.com/id/28814777/
http://www.msnbc.msn.com/id/9697670


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