Things You Should Know About 403b Retirement Plans

Posted on August 30, 2007
Filed Under Retirement |

Do you ever feel like you know just enough about retirement calculators to be dangerous? Let’s see if we can fill in some of the gaps with the latest info from Best Retirement States experts.

Retirement is changing. The traditional type of retirement that our parents and grandparents enjoyed is often no longer enough for the baby boomer generation. Today’s retirees are younger, richer, fitter, healthier and better educated than previous generations. They also have much higher expectations.

Twenty or thirty years ago, retirees generally looked forward to a (hopefully) extended period of rest and relaxation - time spent on the golf course with their friends, a few extra holidays, the odd watercolor or cookery class, maybe a caravan or boat to while away those leisurely days… in essence, a general sense of being put out to pasture at the end of a long working life.

But many baby boomers want more than that. We’re not ready to go quietly off into the sunset, thank you very much! We have too much that we still want to be, do and have.

Although, as a nation, we are gradually getting the message that, financially, we need to plan and make provision for the end of our working lives, most people don’t tend to give the emotional, spiritual, domestic, relationship and leisure implications of retirement a moment’s thought.

In fact, most of us spend more time planning our annual holiday than we do planning the non-financial aspects of our retirement.

Even though the majority of us look forward to our post-work lives with happy anticipation, we need to think about and manage our retirement carefully in order that this becomes a time of renewal, purposefulness, life enrichment and personal growth, rather than a gradual decline into old age and dependency.

We need to consider how we will manage the life and lifestyle transitions that retirement brings and we need to ask ourselves a series of powerful questions that will challenge our thinking about retirement and help us to ensure that we get the retirement we deserve.

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Tags: Retirement

Things You Should Know About 403b Retirement Plans

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