Teaching Retirement Planning To Executives Would Help Them Plan Their Future Better
Retirement does not mean preparing for your demise. On contrary, it should mean the start of new beginnings; it should mean being able to do all the things you could not do when you were young because of the restrictions imposed on you by your family and other general responsibilities. Your retirement should be able to give you the green signal to do what you wanted to do for your own pleasure and fulfillment.
Why Teaching Retirement Planning To Executives Is Important
Young people have a very myopic view of the future and you will find that they consider retirement and old age as something that happens to others and not to them. This is why they overspend no matter what their income is, and instead of saving they incur debts with their credit cards and all other possible means.
Teaching retirement planning to executives would help them see the alternative to spending and understand the benefits of long term savings. This is something that needs to be systematically inculcated into their minds because the more successful these executives are, the more inviolate they feel and the more difficult it is for them to visualize a bleak future without finances in their senior years. The teaching retirement planning to executives should be best done in the shape of interactive workshops where through their participation in the discussion on retirement plans they would be forced to think about their senior years.
There is another advantage from teaching retirement planning to executives, which is that it would fuel their curiosity to find the best possible retirement plans and start these contributions early. The earlier they start the better would the returns be on their savings, and hence this would help them lead a richer and more secure senior life.
In short, teaching retirement planning to executives would mean that they would start living when they would retire from their 9 to 5 jobs. It would make a heaven and hell difference to their lives because when they save early they would have built a considerable egg nest for that time; a time when they would not be able to work as hard as they did in their young age. With these savings they could start a second stage beginning - but with a difference.
While the first job and professional career was for the family and shouldering the relevant responsibilities, this would be only for self-realization. There would be no pressure about how much it pays back or if it pays back at all. It would all about freedom to do what you please; and this would be possible because of the timely started retirement plan.
