I do not wish to become a financial burden on my children in my old age..
I do not wish to become a financial burden on my children in my old age..
I should have a regular income in my old age..
I aspire to have a Summer home and continue to travel after my retirement.
Retirement refers to a state of being able to earn a steady income through certain assets or set aside money so that working after a particular age becomes a choice rather than a necessity.
We need to be retired ready to develop some immunity to unforeseen turns that life takes, to pay for unforeseen medical expenses, typically associated with old age and to be able to leave behind some financial legacy for our children/grandchildren.