Preparedness as a Retirement Plan
Sep 9, 2009 Philosophy
The concept of retirement is a relatively new one. Not so long ago, when we were a more agrarian based society, few people ever retired. Their daily duties just changed. As we grew older, we would take over running the farm, and then we would maybe step back and let our kids do that. Maybe we would take over maintenance of the equipment or something a little less physically demanding, but that required our experience. Maybe we would help out more inside the home. But flat-out retirement to travel south or play golf all day was the domain of the ultra rich. Even then, most tycoons were still wheeling and dealing well into their 60’s and beyond.
Nowadays with retirement plans tanking and pension funds bleeding out, we may find ourselves without the ability to retire once again. However, this time, we won’t have the farm to feed us and the multi-generational home to keep us occupied and close to our loved ones. If we’re very fortunate, we may be able to find a spot in a retirement home and sell our current homes to pay for it.
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Tags: plan, preparedness, retirement
