Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Global Attitudes about semi-retirement
Old 05-18-2006, 10:32 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Global Attitudes about semi-retirement

HSBC just sponsored a big study on changing global attitudes about retirement, with a big chunk on working during retirement in flexible, low-stress rewarding jobs.

http://finance.yahoo.com/columnist/a...ement/4433?p=1

This is focused on traditional retirees, but it could just as well apply to early retirees.
__________________

__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Global Attitudes about semi-retirement
Old 05-18-2006, 12:20 PM   #2
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
Re: Global Attitudes about semi-retirement

Interesting article. At the bottom a link to the HSCB Future of Retirement website which has a lot more information. Here's some stats I found interesting :

Who individuals think should bear most of the burden of supporting them in retirement (in percent)

Themselves - 43
Children/Family - 20
Employer - 5
Local or national government - 30
__________________

__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-18-2006, 01:03 PM   #3
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 80
Re: Global Attitudes about semi-retirement

What's with the Children/Family thing??!! I love my kids, but I don't expect them to take care of me in my dotage!
__________________
SolidA is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-18-2006, 02:48 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,471
Re: Global Attitudes about semi-retirement

Quote:
Originally Posted by SolidA
What's with the Children/Family thing??!!* I love my kids, but I don't expect them to take care of me in my dotage!
These are international attitudes. In many cultures children are expected to take care of their parents.

Audrey
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-18-2006, 05:52 PM   #5
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
 
Join Date: Feb 2006
Posts: 3,895
Re: Global Attitudes about semi-retirement

i always figured i owed mom at least the 18 years before she kicked me out of the house sent me to college. i've been caregiver now for about 12 years and she'll be passing on soon, dieing with credit due.

my ol'man once told me i could never repay my mother for all she's done for me. no doubt.
__________________
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-18-2006, 07:37 PM   #6
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
Re: Global Attitudes about semi-retirement

Quote:
Originally Posted by audreyh1
These are international attitudes. In many cultures children are expected to take care of their parents.
It was also an American thing as well. Doing family genealogical research and I discovered many cases of my ancestors who took in aging parents. They were all farmers and ranchers back then anyway (1700-early 1900's) and it was common that they all lived near each other or on the same land, and as the kids grew up they took over and as the parents aged they slowed down.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-18-2006, 11:22 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 1,375
Re: Global Attitudes about semi-retirement

My parents took care of my mother's parents, and my mother expects me to take care of her. She has resources (~$500,000 in investments, a house worth that much, and no debt), but I'm expected to manage her care (she has no LTCI) and make sure she remains comfortable and preferably in her home till the end. She built a house next door to us, so I feel a bit stuck here for a while (she's 80 and in very good health--active, alert, engaged in life--and her parents lived to 93). Fortunately one of my brothers also lives in our town, so I can travel as I wish (until DH retires, it's not really as much travel as I wish anyhow!). The funny thing is that I kinda ran away from home--never lived in the state of my birth or anywhere near my folks until recently. Doing my daughterly duty at last, or something.
__________________
You can't always get what you want, but if you try sometimes, you might find you get what you need.
astromeria is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-19-2006, 09:42 AM   #8
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 80
Re: Global Attitudes about semi-retirement

I would also (actually, am getting ready to) take care of my parents. My previous comment was just my thought that I, personally, don't EXPECT my kids to take care of me, and am trying to structure my portfolio and insurances so that they won't ever feel burdened by me. Does that make sense?
__________________
SolidA is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-19-2006, 10:10 AM   #9
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
 
Join Date: Feb 2006
Posts: 3,895
Re: Global Attitudes about semi-retirement

solida, it makes perfect sense. i don't feel at all burdened by mom. i will have the rest of my life to see the world after she is gone. mom not only saw to her financial needs but also made certain my early retirement (though, being a workaholic, she'd freak if she knew i wasn't working already--i'm such a lazygood4nothinbum).

i wouldn't call my caring for mom an expectation. for us, this is simply what family does and i will miss her terribly when she is gone. in this end stage of alzheimer's, i miss her already.

for me with no children, i will make sure i am no burden on extended family. so for late in life by my side i'll keep a gun and save some cash.
__________________
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-19-2006, 10:56 AM   #10
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 80
Re: Global Attitudes about semi-retirement

LG4NB- I am so sorry your mother has Alzeimers. My father is in the early stages of it. I am traveling with him tomorrow to go to Boston to see my oldest son (his oldest grandson) graduate from Boston College. He really wanted to go, and my DH has a conference in Michigan, so I suggested my dad come with me. It will probably be the last time we are able to do something like this, so there is a lot of sadness mixed in with the happiness my son made it through undergrad school. I am glad you don't think of her as a burden, but have the attitude"that's just what families do" - because that is my biggest fear, that someday I will be a burden. Your last sentence was a good one. In any event, I admire you and wish you much happiness and peace.
__________________
SolidA is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-19-2006, 12:05 PM   #11
Recycles dryer sheets
 
Join Date: Feb 2006
Posts: 403
Re: Global Attitudes about semi-retirement

If my mom was unable to continue living on her own, but didn't quite need 24/7 professional care, I would be happy to move her into a room in my house... what's the big deal? She would get to know her grandkids better and I'd start getting my laundry done again.
__________________
macdaddy is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-19-2006, 04:31 PM   #12
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
 
Join Date: Feb 2006
Posts: 3,895
Re: Global Attitudes about semi-retirement

Quote:
Originally Posted by SolidA
My father is in the early stages of it...It will probably be the last time we are able to do something like this, so there is a lot of sadness mixed in with the happiness my son made it through undergrad school.*
that's gr8 that grandpa gets to see the graduation. but don't be so sure that this is the last trip. we were able to keep mom in circulation very far into the progression of her disease. when it became a bit too much to travel alone with her friends, my brother's family & i would accompany her or we'd take turns. that lasted a few years. she only had to stop traveling in the last 3-4 years of a 12-13 year bout with alzheimer's. towards the end it got a little dicey but we managed and have wonderful memories from even this horrible experience.

yes, life is a box of chocolates. and sometimes they are all bittersweet. good luck to you, solida.
__________________
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-19-2006, 05:22 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Jan 2005
Posts: 2,555
Re: Global Attitudes about semi-retirement

LG4NB,

You sound like a son that any mother would be proud to have as a son. What a great attitude! I wish you the best of luck.

Dreamer
__________________
Dreamer is offline   Reply With Quote
Re: Global Attitudes about semi-retirement
Old 05-21-2006, 03:59 PM   #14
Full time employment: Posting here.
 
Join Date: May 2004
Location: Worldwide
Posts: 913
Re: Global Attitudes about semi-retirement

I agree.

Your attitude, flexibility and devotion is commendable. I respect it and agree wholeheatedly with your priorities.

Best to you.

Akaisha
Author, The Adventurer's Guide to Early Retirement
__________________

__________________
In 1991 Billy and Akaisha Kaderli retired at the age of 38. They have lived over 2 decades of this financially independent lifestyle, traveling the globe.
Billy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax Policy Promotes "Early" Retirement REWahoo FIRE and Money 19 07-21-2017 03:10 PM
Should a married couple have individual retirement investing plans? Anaya_1de Young Dreamers 28 12-05-2006 08:57 PM
Earliest Retirement with 100% Equity Portfolio? bbuzzard FIRE and Money 42 12-03-2006 11:13 AM
Targeted retirement funds - I don't get it. HBH FIRE and Money 7 03-11-2006 02:58 PM
Scott Burns: Stay safe on retirement spending PL FIRE and Money 49 12-22-2004 11:59 AM

 

 
All times are GMT -6. The time now is 04:28 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.