Question

From your observations how do most adults prepare for retirement? According to what you have learned from this chapter, how should adults prepare for retirement?

Answer 1

One of the most important things to do is to ensure that they are not afraid of retiring because the word retirement would resonate different types of fear in their minds such as physical decay, economic security, being bored or even neglected by family. Thus, making them aware of the different challenges, retirement would bring and helping them accept retirement is really important. Second thing is to make them understand that retirement doesn’t really mean that one shouldn’t do any jobs. One could look for voluntary jobs or any other paid jobs as advisor or that which suits one’s skills and qualifications because this would keep them engaged. Thirdly, one should ensure that one saves enough money that would help them lead a comfortable life, when one is about to retire. Life would bring lots of unexpected expenses, so one should have enough savings to meet the expenses when they don’t work. Finally, one needs to develop a plan to ensure that they engage in physical exercise, social institutions and engage in social activities thus feel good about their retirement without any physical illnesses and psychological deficiencies.

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