Retirement: Get Over Your Fears

Retirement is the beginning of a new and exciting phase in our lives. Since this is a time of great change, it can be challenging at the outset to estimate our spending needs. In the past, retirement was a 10-20 year period. Times have changed, and with longer life expectancy, retirement can last for up to 30-40 years. Since defined benefit pensions are less common and less generous, the onus lies with us to ensure that we have accumulated enough money to sustain the lifestyle we desire in retirement.