Retirement Planning

Retirement Planning

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Check this one out

If you had purchased $1000.00 of Nortel stock one year ago, it would now be
worth $49.00.

With Enron, you would have had $16.50 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49.00
left.

But, if you had purchased $1,000.00 worth of wine one year ago, drank all
the wine, then turned in the bottles for the recycling refund, you would
have had $214.00.

Based on the above, the best current investment advice is to drink heavily
and recycle.

Funny. Thanks for sharing this.

On a more serious not, Concept of retirement planning has changed over the years. Retirement planning in the 21st century needs a different set of considerations from what it used to be. The current employment conditions have changed. In the past, Social Security Benefits, Personal savings and Defined Benefit Pension were considered main resources for leading a comfortable retired life. In present scenario, one cannot solely depend on these resources. This means that you may have a shorter working career and longer retirement as compared to the earlier generation.