Thursday, 3 November 2011
Elderly in the uk- Retirement.
Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours. Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when physical conditions don't allow the person to work anymore. To support living during retirement, a retiree needs to accumulate enough assets. This could comprise of cash, savings or other class of assets. Not enough cash inflow during retirement is the single most difficult challenge that retirees face today. The answer to this problem is to plan your retirement early and stick to it religiously