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age insurance retirement |
age legislation retirementIt would be great if we could all retire with a nice portfolio of savings and pension income, without having to worry about paying the bills most retired people pay.
This is a very useful addition to the Rich Dad's series mainly because it helps screw in concepts from the first book Rich Dad Poor Dad, the second one The Cash Flow Quadrant and the third one Guide to Investing. I see each one as a lecture. And there is a constant build up helping to shape and focus the mind of newbies in the world of professional investment.
1. Get rich by scrimping and saving (eg, "The Money Diet") The automatic millionaire is very much of the first flavour (scrimping and saving). In fairness, the author does a good job of disguising the fact that his approach amounts to little more than scrimping and saving by making his particular process "automatic" (I won't spoil the book too much by explaining what that means). At the start of the book, the author describes a meeting he once once had with a couple of retired automatic millionaires, whose names escape me. He describes in depth how happy this married couple were now that they had held down steady (apparently low paid) jobs all their lives and were now reaping the benifits of many decades of savings and conservative investments. We learn about how they have two homes (one that they live in and one that they rent out) and how the husband drives a second hand car. We also are reminded over and over about how joyful and full of romance and wide eyed wonder this ageing couple seem to be now that they're cashing on their healthy pension schemes. Whilst, I do not question that the automatic millionaire process has clearly paid off for these people, I was struck with a distinct feeling of disappointment as I read their story. Personally speaking, I find it very difficult to get excited about the idea of saving for the rest of my working life in the hope that I can life off a pension some day and drive second hand cars, like our happy couple described in the book. For me, this couple were precise examples of how I absolutely do NOT want to end up- maybe my expectations were too high going into this book! Anyway, for what it's worth I have one or two other issues with the book that are of a slightly more academic nature. Although I'm no economics professor, I have read credible predictions of an impending stock market crash in the future when a tidal wave of elderly retired workers try to cash in on their pension schemes. Here in the UK, the government is on the verge of forcing everyone into signing up for pensions schemes. You don't have to be a mathematical genius to realise that the figures don't add up- surely we can't ALL get 10% interest rates on our pensions, as the author insists we can. Can we? I also think that his approach is dependant on you and I being able to generate a steady income (i.e., hold down stable jobs) until we retire in our fifties and sixties. Again, without trying to lecture too much or sound too negative, I think we live in an age where life long job security is something that is no longer on the table. So, personally I would put the case that the automatic millionaire process may not be as stable and as surefire as the author would lead us to believe. Anyway, on a more positive note, the book is very well written and the author does a great job of keeping the subject both interesting and educational. In particular some of the mathematic models he presents are extremely eye opening and well presented. In conclusion I would say this is a good book is you're a conservative, non risk taking, worker ant. However, for a faster, more exciting and (admittedly!) more risky road to richness I would be tempted to look elsewhere.
Warner's focus is on the whole person - he makes a very compelling argument that money is a FACTOR in a good retirement, but that it is also important to cultivate health, outside interests, friendships and family. He believes these latter factors have a FAR greater influence on a successful retirement than money. He bases this viewpoint on research among those enjoying active, successful retirements. Warner is not a Pollyanna, saying not to even think about retirement savings (as some critics seem to suggest). The book contains some common sense ideas on savings and admits that having SOME money may help. Warner's point, however, is that money alone isn't going to make you have a successful retirement if you neglected your family, friends, outside interests, spirituality and health in order to get the money. I highly recommend this book to anyone who ever thinks about retirement. You may not agree with the proposition, but the book will really help expand your view of the elements of a good retirement and may help you plan a more enjoyable life.
1. Legislation - Age Positive
... within six months of the employer's retirement age provided this is over 65 or ... Age legislation ... request working beyond retirement age and a duty on ... 2. Home Page - Age Positive "We have removed the contractual retirement age altogether. ... centre has information about age legislation, publications and external contacts. ... 3. age diversity, age discrimination, ageism legislation, ageism advice ... Overview of UK Ageism Legislation, Age Diversity resources and ideas, implcations for recruitment, training, benefits, pay, retirement and pensions. 4. Will the Retirement Age be Scrapped - Retirement Expert (UK) The debates surrounding the current statutory retirement age and the main reasons behind that in addition to the legislation on age discrimination which was ... 5. Equality and Diversity: Age Discrimination in Employment and Vocational ... Age Discrimination. 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Strategy; Manufacturers Unite Over Standard Retirement Age | Article 09-NOV-04 - The UK's manufacturers have urged the Government to set a standard retirement age of 65 when it introduces EU legislation on age... | Free With Signup 11. Age discrimination and retirement: Plewes v Adams Park Produce Ltd ... and the retirement procedure in the age discrimination legislation does not apply. ... retirement provisions of the age legislation permitting retirement ... 12. Retirement age and the Heyday case Ditch the Retirement Age Personnel Today is supporting a campaign by the Employers Forum on Age (EFA) to ... to know about age legislation and retirement ... 13. Working Beyond 65 - Retirement Expert (UK) How new legislation will enable workers who want to work beyond normal retirement age to do so and the benefits to business as a result. 14. CIPD - Age and employment introduces the basics of age discrimination legislation ... In 2011, the default retirement age will be reviewed by the Government to ... 15. TAEN - The Experts in Age and Employment - Resources - Age Legislation ... challenge to The Age Regulations over the legality of a mandatory retirement age. ... Age Legislation and Funding of Training (June 2006) Click on title ... 16. Flexible Retirement and Retirement: Age Positive Guide Age Legislation. 1. What this means for you. 1. Retirement. 2 ... are compliant with the new legislation. Remember, there is no official retirement ... 17. Age Discrimination Legislation - A Guide Age Discrimination Legislation - A guide to the Employment Equality (Age) Regulations 2006 ... All employees have the right to request to work beyond retirement age. ... 18. Biznet - essential infomation for businesses ... application of the default retirement age will now have to ... Legislation ... a right for employees to request working beyond retirement age. ... 19. AGE LEGISLATION retirement, termination, benefits and pay. Who is covered by the legislation? ... Are there any changes to retirement age? ... INFORMATION ON AGE LEGISLATION: ... 20. UCEA/ECU Age Discrimination Working Group Guidance Age Discrimination ... unlawful, unless a retirement age under 65 can be objectively justified. ... Age Legislation Fact Sheet 7: Retirement, DTI (available at http://www.dti.gov. ... 21. Debate on Normal Retirement issue to be settled in legislation on age. discrimination in employment and training: ... employers hang on for the retirement age' in. order not to disturb an ... 22. Age 2006 - Are You Ready? - Small Businesses Not Ready The Legislation. Training and E-Learning. Useful Guidance. Challenge of the Age ... retirement processes to reflect the changes being brought in under new age ... 23. Age Discrimination: An employers' guide to the retirement provisions The effect of this legislation is substantial. ... 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Age legislation: implications for staff Equality Challenge Unit (ECU) What age legislation means for staff in higher education ... Special arrangements are in place to deal with retirement dates. ... Age legislation: providing services ... 29. Age Discrimination & Retirement - Haslers HMRC have published some guidance on age discrimination. ... HMRC's 10 key points about age legislation and retirement are reproduced below. ... 30. Legislation Peters Elworthy and Moore - Independent Chartered Accountants Cambridge, UK. ... to consider an employee's request to continue working beyond retirement age, and ... 31. Discrimination - age - legal overview (V495a2c2d8cb975.99855325 Many people believed that the age legislation would have a greater impact than ... allowing compulsory retirement if the national legislation is a "proportionate ... 32. Legislation to Ban Mandatory Retirement Introduced ... a long-anticipated Bill to ban mandatory retirement. When enacted, the legislation will reverse workplace policies and ... regardless of age, would be ... 33. Uniting the Military Community via Space-A! DoD Bloats Costs in Effort to Kill Lowering Reservists' Retire Pay Age Legislation ... but do from Rep. Jim Saxton's measure to lower the age of retirement pay to 55. ... 34. Jobcentre Plus - Understanding Age Legislation - What does it mean? ... employees to request working beyond retirement age and a duty on employers to ... 35. Age Discrimination Checklist- Fieldings Porter Solicitors - Bolton ... Age Discrimination Check List The Employment Equality (Age) ... Retirement Age. The legislation allows employers to have in place a compulsory retirement age of ...
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