My Domestic Church Daily Clips 10/08/2009

• How much do you need to retire? – MSN Money
  Mr. Pete and I have already come to the conclusion that we will quit working when we’re dead. I think retirement is a modern concept whose time has passed!
  tags: retierment
  • The whole concept of retirement is fairly recent, an experiment that began with the creation of Social Security in 1935, observes Ken Dychtwald, a gerontologist and authority on aging in the U.S.

    With the country facing massive unemployment during the Great Depression, Social Security was a way of providing older workers with guaranteed income so that they could leave their jobs, freeing up slots for younger workers.

  • As the leading edge of the baby-boom generation turns 60 this year, “it’s time to retire retirement,” declares Dychtwald, author of The Power Years: A User’s Guide to the Rest of Your Life.
  • Not incidentally, it’s also about continuing to earn money, now that only 17% of those employed outside government entities can expect to receive traditional pension checks in retirement. And the new retirement is about saving more.

Posted from Diigo. The rest of my favorite links are here.