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Are You Prepared For Retirement

As we grow older and reaching retirement age, we tend to ask ourselves whether we are prepared for retirement.

What Options Do We Have

When we are reaching retirement age, normally we will be asking ourselves a question, what are we going to do upon retirement?

However, usually a common answer is:

We will take a holiday and visit some places, all the while using all of our savings o the holiday trip

You know you only live once, if we do not plan for our retirement, when the time come for retirement, we will have some real issue we need to address.

Reality of Retirement

After holidaying and spending almost all the savings, the reality sinks in after reaching home and staring at the walls in the house and suddenly we realize there is a financial crisis building up.

After the holiday, and waking up the next day and realize that today we need not keep working.

When the bills are in the mail, the reality sinks in.

There is no income since we have already retired and spent most of the savings on the holidays and still have so many years to live.



What Have We Done To Prepare For Retirement?

In order to have a peaceful and stress free retirement where we can enjoy a quality life style, we must prepare ourselves from when we are young and have the energy and means to do it.

We have to look at this issue in various ways in terms of financial, social and final place for our retirement.

To prepare for a meaningful retirement with quality and healthy lifestyle, as you know, you only live once, hence it is important we are well-prepared for our retirement.

Majority of the people I have spoken to, do not seem to care and prepare for their retirement.

A lot of them depend on the government to help them out with the welfare measures the government is implementing.

However, there is only so much a government is able to provide to take care of its senior citizen.

For those who depend on the children to look after them and provide them with retirement life style especially the Asian Countries, with the current competitive world, the children themselves have already had their full to survive, let alone taking care of their parents.


Financial Planning For Retirement

Before we officially retire and start to enjoy our life, we must plan for a proper financial retirement plan so that we have enough to enjoy our retirement life.

In country where I am currently residing, when we are working, we are supposed to contribute the Provident Fund which is a mandatory retirement fund set up by the government.

The policy set out in the Fund is good and if a member of the Fund really follow the plan lay out, we may be able to have a reasonable retirement life style.

Perhaps we may want to look at some suggestions and guide or retirement plans readily available in books written by some well-known authors, then learn some of them and prepare ourselves for a good and quality retirement

Other than depending on government or studying from some books on what need to be done for retirement, in this age of internet and high technology, we may want to learn some basic skill and making use of the key board to have some passive income to sustain our retirement life.

One of the easiest and fastest way to earn some basic passive income is to have some incomes by doing internet business and also do some online trading on financial instrument.

Unless and until we can take care of the financial, then only we are able to talk about a sustainable and worried free retirement.

Perhaps, by doing some affiliate marketing and generate some passive income will be one of the ways, and Wealthy Affiliate will be a good place to start.

Social, Healthy Living And Final Place Of Living For Our Retirement

One of the main issue we need to consider when we want to retire is where are we going to live during our retirement.

This is a very important decision to consider as it affects the amount we have set aside for our retirement and the standard of living we are longing for in our retirement.

Normally, people will look for a place which is quiet and with good scenery and stress free to enjoy their retirement life and not in the city which is very stress, for example, a city with heavy traffic jam and the hectic pace of life.

The would be retiree may also want to look into the medical facility of the place for retirement, since as we get older, the tendency to be sick is quite high, especially for those who have been living a high life who may have already had some modern day sickness.

Unless the place where we decide to reside for our retirement is really good and can give us the quality of life we are looking for and which will help us in improving our health since we are stress free, the body will be able to rejuvenate and with quality lifestyle, we will be able to live better.

The other issue we have to consider in deciding the place to live out our retirement is the health care facility of the place.

Some places may look very nice and peaceful to be a very suitable place for retirement, however if the health care facility is not readily available and since our old age tend to have more sickness, in emergency, we may have some worry time to get the treatment in time



If we really want to have a worried free and healthy retirement living, we need to seriously plan and work on our retirement plan the moment we are in the working life after finishing school.

In the current modern high technology world, there are some people who have retired young after making so much and start enjoy their life, however, how many of these people are among us?

However, despite all these, we still can look forward to our retirement if we have planned it properly.

I will talk more about retirement in more details in the future postings.

If you have any comments and feedback, please feel free to leave your comments





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6 thoughts on “Are You Prepared For Retirement

  1. Melissa

    I agree that creating a passive income is a wonderful to produce a revenue stream that help with retirement. Not enough people plan for their retirement, and find they don't have enough to live on to maintain the lifestyle they were once used to. Thinking ahead and creating an online business that generate income for years to come is a very smart idea indeed.

  2. Melinda

    I love Wealthy Affiliate. I have been a member for 11 months and it has been one of the best things to help me stay consistent with my blogging efforts. It is exciting to have people contact me to pay me for sponsored posts on my website and see affiliate commissions coming in.

  3. Jerilyn Winstead

    Hi! Good article. I would suggest you have an editor go over it. I am a writer and editor myself, so I see where it could be tightened up and polished overall.

    I would love to hear which country you are in and more about how they handle retirement planning. You mentioned it briefly.

    I also love Wealthy Affiliate and I'm learning more and more from it every day.

  4. louise

    Hi, I love this article, as so many people I know do the exact same thing you state (when it comes to not planning financially for their retirement) and it's good to be reminded (even myself) that to have a happy and stress free retirement it requires a little planning at least!
    I love the Wealthy Affiliate option too, who wouldn't want to work from home and benefit financially in their older years?! 😀 This sounds like a great option to me and quite flexible too, especially if working around other commitments.
    Many thanks for the article and ideas,
    Louise 🙂

    1. admin

      thanks Louise for your comments, yes, it is better that we can plan for retirement instead of crossing the bridge when we come to it


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