Tuesday, May 13, 2008

Advice on Whether to Take Early Retirement - Also Retirement Sayings and Quotes

According to a new retirement lifestyle survey, the ongoing volatility within financial markets has prompted a massive increased awareness toward retirement savings by Australian baby boomers.
More than three out of four Aussie baby boomers are beefing up their savings strategy as a result of the turmoil, according to a Commonwealth Bank survey.

The majority of changes included making bigger or additional contributions to their retirement savings plan, while about a third said they were investing more in other investments outside retirement plans such as shares or property.

Interestingly, the Retirement Lifestyle survey found almost 40 per cent of those surveyed considered retirement an opportunity to pursue a new career or learn new skills.

"This trend suggests that many people see retirement as a series of transitions where some form of work or community service can continue into the retirement years,'' Commonwealth Financial Planning general manager Tim Gunnin said.

According to TD Waterhouse's first Canadians and Retirement survey of already-retired Canadians, retirement is different from what many Canadians imagined it would be.

Twenty percent of women found retirement quite different from what they imagined, versus 15 percent of the men.

A quarter of Canadian retirees aged 55 to 70 found it hard to adjust to a life no longer defined by their work. Financial constraints meant they could not do all the things they used to do for 22 percent of those surveyed.

Retirement advice was offered by retirees to those contemplating retirement.
  • Workers should develop a full life outside of work instead of waiting to do so at retirement
  • Workers should take care of their physical and mental health
  • Workers should save for retirement as early as possible.
  • People should pay off all debt before retiring.
    Above all, individuals should take time to prepare for and understand what they want from retirement.
According to the TD Waterhouse only 15 percent of indiviudals are “completely living out their retirement dreams.” Lack of planning appears to be one reason for this.

Surprisingly, the best part of retirement is simple pleasures, say the retirees. Spending time with family and engaging in hobbies also are satisfying as is volunteering.

retirement quotes see:

The 237 Best Things Ever Said about Retirement by Real Success Author Ernie Zelinski


Importance of Money in Retirement (Quotes and Sayings)

The Joy of Not Working: A Book for the Retired, Unemployed, and Overworked by Ernie J. Zelinski

The Joy of Not Working is all about learning to live every part of your life - employment, unemployment, retirement, and leisure time alike - to the fullest. You too can join the thousands of converts and learn to thrive at both work and play. Illustrated by eye-opening exercises, thought-provoking diagrams, and lively cartoons and quotations, The Joy of Not Working will guide you to enjoy life like never before.

    Top 10 Reasons to Buy The Joy of Not Working

    1. You are more independent and more creative than most people.

    2. You were born a lover of life and not a workaholic.

    3. You don't want the cheese; you just want to get out of the trap.

    4. You like books that are reader friendly with lots of cartoons, quotations, and exercises.

    5. You like books that make you smile and challenge traditional ways of living and thinking.

    6. You agree with the words of Bertrand Russell: "To be able to fill leisure intelligently is the best product of civilization."

    7. You are receptive to the concept that we can achieve more if we relax, enjoy life more, forget about what the majority in society thinks is important, and focus on the things that really matter.

    8. Your parents and co-workers will not approve of your adopting this book as your lifestyle Bible.

    9. You know a good deal when you see one - if a book has been published in 17 languages in 20 different countries and has sold over 225,000 copies, it must have great value.

    10. You know something important that the hard workers of this world don't know: the secret to a happy and fulfilling life is to work smart and not hard.

Purchase The Joy of Not Working on Amazon.com with this direct link:

Retirement Letters Image

Purchase The Joy of Not Working on Amazon.com with this direct link: