• WHAT?: Complete stop of employment

• WHEN?: End of service, anytime

• WHY?: Age, length of service

• HOW?: Job loss from layoffs, restructuring, buyouts, mergers and liquidations

REACTIONS TO RETIREMENT

Fear, Expectation, Resignation, Ignoring it

RETIREMENT FACTS

• Certain future event

• Better preparation equals less disruption to income, relationships and health

• Retirement means different things to different people depending on age when it occurs, this is because future concerns and decisions differ depending on retirement age.

SOME KEY CONSIDERATIONS ON RETIREMENT

• Keep previous employers’ information confidential

• Don’t get into conflict of interest situations with your previous employer

• Ensure that your tax status is up to date and compliant

• Avoid disparaging comments about previous superiors, employers or colleagues

• Age and longevity

• Retirement savings

• Investment risk

• Income and Expense postretirement

• Health and Lifestyle

• Care for family and dependents

• Others??

ACTIVITY 1

Determine the future concerns of retirees at 50, 60 and 70 years.