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WHERE DO YOU WANT YOUR MONEY TO TAKE YOU TODAY?

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retired. The last thing I want to hear from clients is that they want to do something, but can’t because although they have the time, they don’t have the money!

After you determine how much money you will need to live on (and play with) during retirement, the final step is to take action on your plans. Although there is computer software that can help you estimate your retirement needs, it can’t help you save. That’s some- thing you will have to do on your own. And, as we discussed in Chap- ter 3, it’s the hardest step. However, don’t let fear or procrastination set you back.

THE HISTORY OF RETIREMENT

The notion of retirement really didn’t have a big impact on America until after World War II. At that point, people would give 30 to 40 years of their lives to one company, who in return, would pay work- ers good salaries and generous pensions once they stopped working. In that way, companies were very paternalistic toward their employ- ees. The employees were also very dedicated to their employers. Working until you were 65, quitting, and then enjoying your pension income was the common thing to do. People looked forward to the time when the company that they had worked so hard for would begin to take care of them.

But, during the later stages of the twentieth century, that notion became radicalized. No longer were these companies taking care of the workers who had dedicated their lives to them. More people were finding that they no longer wanted to be chained to their desks. Although they were good at their jobs, they weren’t being fulfilled, plus, they had the financial security to know that they didn’t need their jobs anymore. Working until age 65 became the dinosaur of retirement planning.

For those who still want to retire completely, that option still exists. It is also a very popular choice for many people, especially those who are nearing retirement. For others, though, the idea of retirement, of ceasing to work, isn’t a very ideal option at all. To stop working, for many, meant the onset of boredom, and later, depres- sion. This is why many people find that they are busier in retirement

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