Category: Retirement

Many countries have their alternative ways of evaluating their workers. Basing on the countrys 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…

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 todays society. A law that enforces a mandatory retirement will…

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 someones 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…

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…

Retirement is something that is frequently postponed and worried about later, especially for people who are younger. For young adults, retirement feels like its still so far away, so it doesnt feel necessary to start planning so early because it barely feels real at all. Younger folks occasionally believe that they have much more time…

Benedicta is planning for his retirement based on his current savings and salary. Table 1 indicates all assumptions that are taken into consideration for retirement planning. He has savings, which are considered as savings at the start of the plan. His salary is expected to increase by 2% every year till he reaches his retirement…

Table of Contents Introduction Challenges that Retirees Face Coping Strategies after Retirement Changes in Life Satisfaction at Retirement and After Changes in Physical Activity Patterns in Retirement References Introduction Many workers find it challenging to transition from work to after-work life, a significant transitional stage for every employee is retirement. At the moment, the number…

Introduction The problem of mandatory retirement age (MRA) for judges in the United States has been discussed for years. On the surface, there is little to no controversy in the very concept of retirement age; on the contrary, the very notion was created in order to ease the tension of the extremely complicated environment of…

Table of Contents Introduction 403B 401K Pension Annuities IRA Estate Planning Conclusion References Introduction The selection of a retirement plan is an important task and a responsibility of any employee. When it comes to retirement planning, there are many options from which contemporary workers can choose. However, it is important to have detailed knowledge and…

In the labor sector, the term The Employee Retirement Income Security (ERISA) refers to a federal law protecting the workers retirement assets who work in private industries in America. The laws implementation was in 1974 to govern that the cautioner does not exploit planned benefits. In addition, it protects some non retirement accounts such as…