PLAN FOR SUCCESSFUL RETIREMENT 3 Personality factors – Personality also comes into play when selecting careers (Smith & Kouchaki, 2020). Certain personalities fit well with specific careers. Therefore, prior to selecting a career, individuals should conduct a self-assessment, establish their personality and find careers that can complement these personalities. Control Over time – Time is a major factor in career selection. One needs to understand that at some point, they will have to balance their personal lives, family and their careers. Choosing a career that gives them some control over time is thus very important and eases such aforementioned issues later on. These are just some of the factors that one needs to involve before making a final selection of their career path. More importantly, these factors should be jointly considered, because none of them is more significant that the other. Joint consideration of all these factors and adding other unlisted factors will ensure that the most suitable and appropriate career is selected. Retirement What is retirement? What are the most appealing aspects about it for you? Retirement is the withdrawal from one’s occupation or professional life. One of the most appealing aspects of retirement is that I will finally have time for my family and personal life. The professional life can be fulfilling, however, you have to make certain sacrifices such as limiting family time. What age would you like to retire and why? Personally, I would like to retire aged 50 years. Many might consider this too young but I have always been passionate about farming when I finally retire. At 50, I will basically leave the
PLAN FOR SUCCESSFUL RETIREMENT 4 professional world at my own terms – still energetic and healthy – which is crucial for my post retirement activities.
- Fall '19
- Life annuity