Corporate downsizing has become a pretty common trend in the modern business world. Sadly, such strategies leave employees jobless with little or no cash to start over.
The majority of the Americans are worried about how much money they will have when they reach retirement. You may have a high income now but your present savings will not last long if you do not have a robust retirement plan in place.
Before a fall sealed the deal, my husband had been trying to get his dad to move into assisted living for a couple of years. Though my father-in-law’s mind was strong, his mobility had really started to decline. Then, he suffered a serious fall, and we knew we couldn’t wait any longer to help him make the move.
When it comes time to retire, no one wants to worry about their finances as they make the transition to a fixed income.
You have just left your most recent job and have started work elsewhere. Those years spent with your previous employer were highly beneficial, enabling you to rise through the ranks and enjoy a greater salary as you moved up.
It can happen. You can leave your career, retire, and enjoy a number of good years before you shed this mortal coil. A lot of Americans work past the “normal” retirement age of 65, either because they must or perhaps because they want to. Others leave early because of health matters.
There are two common denominators when it comes to the working class. Those are planning for their future and retirement. Early retirement is the ideal, but how does one achieve that?