11/11/2017
There are certain guarantees in life which need to be planned for; one if them is "Retirement"
I have met many people who say: "I don't plan to retire"
But after discussions with them we always agreed on the fact that we all want the "Option to Retire".
When we do reach a certain age 65,70,75,80... we always do want the option to retire and be able to spend more time doing something other than having to go to work to get an income.
This then gets pulled to the extent; "Shouldnt my children take care of me when I am old? I have done so much for them"
Again after a lot of discussions with families; families agree being a financial burden on kids is stretching them to move into taking on debt and affecting their future or in certain cases even selling off Assets; however expecting moral support is very reasonable and spending time with the grandkids is a beautiful experience.
At the Age of 65,70,75,80.... if you keep getting a guaranteed income... you are an asset to the family rather than being considered a burden.
So; having an "Option to Retire" is a guarantee everyone should plan for to ensure every generation stays together and continue to impart the "wealth of knowledge" to the next generation.