Don't let your retirement be a regret.

I am reminded of a film Baghban which shows the same predicament , where a retired banker having exhausted all his savings and PF is forced to live with his sons who are unwilling to take on the burden..It was an exaggerated story because no one can be without even a few hundred rupees that is needed to repair ones spectacles ....and what about pension? all banks have pension schemes !!!

But I agree that one has to make plans before hand so that once you are retired you can sit back and enjoy your hard earned money at leisure concentrating on travel and other things which probably were not possible because of the busy work schedule !

There are people who plan Retirement and live a Happy life. My neighbor who is a Handicraft maker, used his skill after retirement. And today it's a booming business. His main customers are interior designers.

rambabu wrote:

There are people who plan Retirement and live a Happy life. My neighbor who is a Handicraft maker, used his skill after retirement. And today it's a booming business. His main customers are interior designers.

 

In fact most people retire at 60 and these days 60 is a relatively young and healthy age and sky is the limit to do what they want and probably experiment with their hidden talents.I know of many retired pensioners earning much more than what they did all through their life ..

usha manohar wrote:

rambabu wrote:

There are people who plan Retirement and live a Happy life. My neighbor who is a Handicraft maker, used his skill after retirement. And today it's a booming business. His main customers are interior designers.

 

In fact most people retire at 60 and these days 60 is a relatively young and healthy age and sky is the limit to do what they want and probably experiment with their hidden talents.I know of many retired pensioners earning much more than what they did all through their life ..

 

That's the thing. Bringing out your hidden and uncared talents and using them for one's advantage is a wise decision . See the other side of the picture. Many hold a Rudraksha mala. These people over a period get bored of life and invite many ailments.

Retirement means retirement and if someone is working full time again after his retirement means he did not plan his retirement well. Or if someone is still working however successfully do not call it retirement. Retirement means a life with full rest, enjoyment with family and friends without any regular work whatsoever.

Retirement means, retirement from your job. Not retirement from life. There is much life after retirement from the job. What to do with this remaining part of your life is a "Well Planned Retirement."

rambabu wrote:

Retirement means, retirement from your job. Not retirement from life. There is much life after retirement from the job. What to do with this remaining part of your life is a "Well Planned Retirement."

 

In that case it's only change of jobs and not retirement.

 

suni51 wrote:

rambabu wrote:

Retirement means, retirement from your job. Not retirement from life. There is much life after retirement from the job. What to do with this remaining part of your life is a "Well Planned Retirement."

 

In that case it's only change of jobs and not retirement.

 

 

Well that makes sense in a way, so one need not ever retire from work, just keep on doing whatever interests you...That is the only way people can remain active both physically and mentally as long as they can.My uncle is  78 and was a former SP is still active working as a security personnel for a private company...It is more to do with remaining active and do something that makes you happy than earning a living ...

suni51 wrote:

rambabu wrote:

Retirement means, retirement from your job. Not retirement from life. There is much life after retirement from the job. What to do with this remaining part of your life is a "Well Planned Retirement."

 

In that case it's only change of jobs and not retirement.

 

It is not only a mere change of Job. It's a change of activity in which you have your heart and soul. During your active pre- retirement days, you might not have paid much interest in those activities of real interests and skills of your liking.

And retirement is the best time to dig out those interests and live a Happy blissful life.

 

 

I agree, I can say that for myself too. After taking a volenteiri  retirement I am still working part time in same organisation and online. I cannot say I am fully retired. I am not doing all this for money only but money is very much welcome. Besides I am getting a chance to see the world too while making money with my own choice and places.

Exactly. Activity counts. Activity comprising of your own likes.

During active period , we may be not in a position to engage ourselves in the things of our own interest as they may not be in accordance with the organization's objectives. If the job you were in active period was the same as that of your inner talents, you may consider yourself Lucky. After retirement there will not be single dull moment in your life

As suggested by some, one should never retire. I agree. I voluntarily retired in 1991 from govt. job but am still working. I hope to work till last day of my life. Even then, it is true that earning capacity reduces as age advances. I feel trhat just saving ten per cdent every month and parking in safe avenue like provident fund is best way. One should spend 90% of income on domestic expenses, children education and other matters. 

There is also a way to look at post retirement needs. A colleague of my father was a heavy drinker. He had seven daughters and so could save nothing. But he persuaded his daughters or thery themselves understood the trick. They would hook boys of marriage age. The boy would be so much mad in love that prospective groom family would meet entire expenses of marriage including the reception and decoration. When he ultimately retired from govt. job, he got job in a bar. So he had enough to drink. This is indeed very unique post retirment planning. 

Gulshan Kumar Ajmani wrote:

As suggested by some, one should never retire. I agree. I voluntarily retired in 1991 from govt. job but am still working. I hope to work till last day of my life. Even then, it is true that earning capacity reduces as age advances. I feel trhat just saving ten per cdent every month and parking in safe avenue like provident fund is best way. One should spend 90% of income on domestic expenses, children education and other matters. 

There is also a way to look at post retirement needs. A colleague of my father was a heavy drinker. He had seven daughters and so could save nothing. But he persuaded his daughters or thery themselves understood the trick. They would hook boys of marriage age. The boy would be so much mad in love that prospective groom family would meet entire expenses of marriage including the reception and decoration. When he ultimately retired from govt. job, he got job in a bar. So he had enough to drink. This is indeed very unique post retirment planning. 

 

 

I agree with you on saving point. My father said I must save 30% of my income and deposit it with schemes like, Kisaan and Indira etc and reinvest at maturity. I did it four to five times and now I get enough to live happily but I can still work even after taking a self retirement in 2008. I am happy, earning, living life my own way and traveling the places I always wanted to despite being in a job that gave me enough opportunities to travel. 

 Planning a Post retirement activity is in our hands.. As Gulshan ji said indulging in activity even after retirement will lead to a life with contentment and satisfaction. After all a life with contentment is what everybody wants.