Imagine not being able to produce anymore. Imagine getting older and everything starts hurting, you want to work but you just don’t have the drive you used to anymore. You are starting to get older. You might already be older or maybe you are just turning the corner. Well at least you made it this far. So, eventually not only are you just not going to be able to work like you used to but unfortunately, a fact of life is that things will get progressively harder. One’s health starts failing, one’s friends and loved ones start dying more frequently and before you know it, you are heading off into the great beyond. 

   

Getting older brings turbulent times. I would like to say I am not trying to scare people or not trying to make people think of things they don’t want to think of, but that’s not the case. A couple things most people never want to think about is becoming elderly and dying.  These two things are not fun, they are pretty much the worst things you can deal with. The last thing you want is to deal with those things without having your affairs in order. DO NOT PRETEND IT WON’T HAPPEN TO YOU. Unless you are immortal and don’t succumb to aging like everything else, these things will happen. Take care of yourself before old age hits so you are not struggling through the hardest times of your life with no money or way to take care of yourself. Save your money, invest properly and insure yourself against the typical hazards that life will bring. It is far better to know you are covered and taken care of instead of facing old age and eventual death without having you affairs arranged properly. If you do not take care of yourself correctly, you will find that your later years bring more than just the sorrow of increasingly losing your loved ones, but also that same struggle for money will have gotten a whole lot harder. If you are heading for turbulent waters, make sure you have a good paddle. 

 

 

 

The amount of money you need to retire in America varies depending on various factors, including your current lifestyle, your retirement goals, your age at retirement, and your expected life expectancy.

 

      Financial advisors often suggest that you need to save at least 10 to 12 times your current annual income to retire comfortably. So, if you earn $100,000 per year, you should aim to save $1 million to $1.2 million by the time you retire.

 

       Another rule of thumb is the “4% rule,” which suggests that you can withdraw 4% of your retirement savings annually to supplement Social Security and other sources of retirement income without running out of money. So, if you want to have an annual retirement income of $50,000, you would need to have $1.25 million in savings.

 

       However, it’s essential to keep in mind that these are just general guidelines, and the exact amount you need will depend on your individual circumstances. Working with a financial advisor can help you create a more customized retirement plan based on your specific needs and goals.

 

    Always remember, if you are in America, or many other countries, there may be some sort of nationalized pension fund that distributes money to help those who are getting older. In the United States, this is Social Security. The solvency of Social Security is not exactly written in stone. Always remember that a government program in any country can always fail, there is never any guarantee that money will get to your pocket. Yes the government may say it will, that does not necessarily it will. Point being, don’t bet it all on the government helping you out, ever, especially when it comes to old age. You will find the level of elderly care provided by the government when you cannot afford it is usually subpar, filled with incompetence and sometimes abuse. Find good care in your older years, insure yourself properly and save properly.