Evaluating the Case of The Early Retirement Essay

Evaluating the Case of The Early Retirement - Essay Example11 References12 Appendix A..13 Abstract This paper seeks to delve deeper into the bowel movement in the modern economy of high employee early retirement. While it may be very alluring for many to opt for this option, it may non inevitably be the best move for employees to consider. There are many factors that might prove to be very problematic for the early retirees. This paper also explains why majority of companies are adviseing early retirement options, but not for the well and benefit of their employees. Companies are forced to offer this option because of the ever agile changing technological advancements and they constantly need to train individuals, most preferably the younger ones, to take over these aspects. This matter then becomes something like teaching an anile dog new tricks. Companies lam to decide to offer termination for their older employees take a crapher than to sustain them and incur higher salary expenses. Technical advancements also tend to make jobs obsolete. pecuniary stability as well as the emotional and mental consequences must be considered before opting for early retirement. For one cannot enjoy the huge time that is availed by early retirement if one does not have the resources to make it worthwhile. Evaluating the Case of Early Retirement Introduction In the ever tolling rat race of the industrial world, with all the heavy and laborious challenges that man is faced just to earn a living, every man is looking forward to their retirement. Who would not want to just lay back, enjoy heart, and do the things which were rendered impossible by the busy lives of working and toiling day after day for decades and decades. Sure, everyone wants the easy life, who doesnt? After all, every man who has sweat blood and broke his back would ultimately need to reward himself and reap the benefits of his labor. Early retirement sounds so ideal, so surreal, and so gratifying. It m eans that you have achieved and managed to build your keep and have you living well-off for the rest of your life the ultimate achievement for a good and fat career. But early retirement is not like as how fairy tales go. It is not as simple as living happily ever after. Financial stability does not necessary follow with early retirement. Sure, there leave behind be that severance pay and/or whatever the companies will package and offer you as gratitude to your services to them, but once those are depleted comes the real problem. Pension is a viable option to compensate for the monthly salary which you will not be receiving anymore, but there are also other benefits which cannot be availed for early retirees. In this paper, not only will the advantages and the good life of early retirement will be tackled but also this paper will seek to delve into the cons and the