The Word Retirement Has a New Meaning

The Word Retirement Has a New Meaning

Depending on your age, profession and demographics, the term “retirement” may have widely different meanings. Your parents, teachers and co-workers have taught you their interpretation of retirement from an early age. It seems that bankers, brokerages and the advertising media have made “retirement” into a purely financial term. Further, the term “early retirement” has come to mean that a person has won the lottery or had some other windfall gain and now lives in some sort of fantasyland.

There are several important considerations that need to be explored about retirement. Most importantly, retirement is not just for the wealthy; all of us will be there one day. All of the standard thinking assumes that you will earn