b&b59 Why You Should Never Retire
Retirement is a concept that really came from the 1930’s and the birth of Social Security. The logic was that after spending your whole life doing back breaking labor, the government would help take care of you in your old age.
The concept of retirement then became something that companies and businesses began to take on for their loyal employees in the form of pensions and then devolved into 401k match programs where they wanted their employees to also contribute.
Today, with little to no job security, pensions an endangered species, and steadily rising cost of living, retirement may be obsolete.
On this week’s show, we talk about the difference between retiring like our parents did and figuring out how to build financial freedom and independence instead at every stage in our lives.