by Timo » Thu 16 Jul 2015, 19:32:14
$this->bbcode_second_pass_quote('Ibon', '')$this->bbcode_second_pass_quote('Timo', 'A')hem........I am 50, and am very busily trying to save for my retirement because i expect to live for another 30, or even 35 years. Maybe more. I do not expect our current retirement systems to last that long. Therefore, i need to save every last penny i can NOW, and not live today like there is no tomorrow. There will be a tomorrow. And a day after that. And a day after that. And a day after that, ad infinitum, or at least until the sun fries all life off this planet. I'm also trying to figure out how to actually earn some income after i retire, precisely becauswe i do not expect Social Security to be in place, and because my job's retirement plan may not be there, either. Therefore, everything that i will have access to in the future to suppport myself and my family is up to me to provide for myself, and that means planning ahead.
I think the zeitgeist is changing here around retirement. The last generation or two was worrying about what they were going to do when they retired. Now we are moving into the age when retirement never happens. There are two sides to this. One is economically driven since pensions and severance pays and SS are either insufficient or non existent. I am assuming this is Timo's reason for planning on some income stream as part of his retirement plan. But isn't it more than this Timo, and for many of us as well. That retirement can be this opportunity for community, gardening, volunteering, small little cottage industry enterprises, being a mentor to youth, what ever it is that contributes toward strengthening community and ones local ecology, to feel like in the end of ones life we can turn inwards toward those things that were compromised during those decades that we were tethered to the machine.
It will most likely be the case that many of us will move into this retirement age exactly when we will experience more intense hiccups to our economic system, more severe consequences from our biosphere etc. etc.
Never a better time than right now to focus on all those areas that our economic system was neglecting; family, friends, community, gardening, volunteering, manual skills, emotional intelligence, etc, etc.
If I was young though I would not participate in any plan around long term retirement. I would do exactly what Peakint is suggesting. Do not be beholden to the system providing for you. Learn the skills of living on the edge, moment to moment. I think this may be more adaptive.
No.