When we are born, we start a journey that makes life interesting and challenging. Life is all about changes.There are ups and downs along the way. We make changes from childhood to adolescence. We change from being a child of a house to an adulthood and independence. And we make big changes through marriage, parenthood and even becoming a grandparent.
Moving from the world of work and active life to retirement and your golden years is a huge change for people. There are lifestyle changes, changes to your goals and priorities and even how people view you.
When you move from getting a steady paycheck to living on your Social Security and retirement, that is a major shift in your expectations and how you plan your life.
The saddest thing we see when it comes to people in late 50’s are those who are depending on Social Security to be the sole means of their support in retirement. While Social Security is a fine program, it has created a false perception of “security” that somehow one day the government will take care of you in your old age. The truth is that if you are depending on any outside agency to be your means of support in your retirement years, your assurance that you will be conformable in your retirement years is not assured. Many people have been disappointed!
Even if you are currently working at a job that has a retirement program like the Kiwi Saver for example, you may still be allowing yourself to “depend” on your job to be there for you when you get to retirement age. And the disappointing stories of the elderly who finally arrive at retirement age to discover that what they thought they could depend on was not reliable are tragic.
You cannot always trust that the managers of your retirement account at work are handling the money correctly.
By taking control over your financial future today,(investing into profitable ventures) you are putting the security of your funds and the planning that you will have what you need when those wonderful years come along. This will lighten your burdens and enjoy your life in peace.
It’s a good feeling to put the management of your financial future in your own hands in preparation for retirement.