Considering the advancement in the field of medicine, the average life expectancy of an individual has increased from 60 to 69 years on average. For most of us today, the major concern is being able to maintain the same lifestyle after retirement as we are living today. But, is it really possible? Yes, it is! And, this is what we call financial freedom. The basis for this worry is the following questions: 'How much money do I need?', 'Where should...
2 Pages
1100 Words
Healthy living is being mindful of one’s own physical, mental, and social well-being. In recent years, there has been a greater need for seniors to maintain a healthy lifestyle after retirement, primarily to minimize healthcare costs for an aging population. In light of this issue, the government has modernized health infrastructure and initiated disease-preventive and healthy aging projects alongside organizations that dispatch community befrienders who connect with lonely seniors. There has also been an emphasis on delaying frailty and accepting...
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Retirement is something that is frequently postponed and worried about later, especially for people who are younger. For young adults, retirement feels like it’s still so far away, so it doesn’t feel necessary to start planning so early because it barely feels real at all. Younger folks occasionally believe that they have much more time to worry about their retirement later on, or they believe that everything will fall into place and sort itself out in the end. Usually, people...
3 Pages
1471 Words
We are living in an age, where many people not only have a higher life expectancy, the majority also lives healthier, stays healthier, appears to stay young longer and therefore many people want to stay busy, maybe even then when they could retire. Those factors would suggest, that retirement is a broad term, leaving quite some room for the individual to arrive with decisions which suit their individual lifestyle. What I have observed though within the younger generation that for...
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In this paper I am going to answer the following question: “What is the difference between pension and retirement?”. But first I have to start with definitions. Retirement is someone’s withdrawal from active service. In most countries, a worker is said to have retired from service when they have attained a mandatory age or served for a period time in an organization. This age varies from country to country. In the United States, for instance, this age is 62-67, depending...
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437 Words
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Do you ever wonder when is the best time to retire from work? Can you envision yourself sitting in a rocking chair, having idle time and reflecting since the day you were born? Mandatory retirement for workers over the age of 65 is ideal in today’s society. A law that enforces a mandatory retirement will help today’s generation and many more to come in the near future because as workers pass the age of 65, they become no longer physically...
2 Pages
690 Words
Many countries have their alternative ways of evaluating their workers. Basing on the country’s laws and policies, some have set the age of sixty years whereas others set the age of sixty-five years because the retirement age for public servants. an honest example is that the Asian and European countries with the retirement ages as sixty and sixty-five years severally. Since the thought of the health standing of a person stands to be the premise for my argument. Then the...
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