Way to retirement

Philippines
August 30, 2010 11:44pm CST
My parents are now both on their way to retiring from their jobs. We’re more than excited since they serve the public for like 30 years now. I am not expecting a lot from how much they can get from their retirement pay since our government had that worst retirement packages I may say based from the experiences of my family’s friends. While saving up is not your concern now, look at your assets again and pave the way for the next generation. Make sure you have a will so that money won’t be a hassle in your family’s relationship. Look into donating some of your properties since a donor’s tax is lesser than estate tax which will be what your heirs will pay after death. Have everything in order including memorial plot papers and insurance policies. These are not anything bad but for your selves too since we can’t just merely put our whole trust to family members. One last thing: before retiring make sure you have savings and have ways to build up more money. But money making should not take up your entire life. Don’t be obsessed by it!there are more important things that are larger and it’s life itself. Make time for your loved ones and most of all for the ONE above who owns everything in the world. Comment here….
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2 responses
@SomeCowgirl (32271)
• United States
3 Sep 10
My husband and I are going to save as much as we can possibly for retirement because I've heard that social security will not be worth much when we do get older, so we will need to save as much as possible. We are also going to help as much as we can his parents so that they can retire early and not have to stress about things that need to be paid for. We hope to have a very happy retirement, and that would require money, and as one member here suggested it would also be best to have plans of what to do when retirement does come because it could become boring without something listed to do.
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• Philippines
12 Oct 10
that's right.planning things would set them into their proper places. in fact money just comes off and you would regret in the end if not properly handled. most retirees have their small business during that time. it would be just for fun and a continued living as well.
• India
31 Aug 10
Apart from all that you’ve said, I’d like to add one more thing…be sure that you have something planned out on how to spend your days, once you retire. Not many people give this a proper thought…most are excited to at last have some free time for themselves. While the initial months fly by, once that euphoria is gone, boredom sets in and from that, depression. I’ve seen this with my own mom…she was so active and involved and her mind raced on everything. She was so happy on the verge of her retirement around 8 years back but these past years have taken their toll on her mind…she suffers from dementia, forgets anything and everything, is thoroughly confused throughout the day, irritable most of the time… I mean, anybody who knows her from her office days, wont just recognize her now. So finances and will and property apart, I think planning as to how the free time can be spent most fruitfully, is something most of us don’t want to think about but its equally important.
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