It’s time to retire retirement

Michael Kitces  |  Buckingham Wealth Partners  |  30 September 2020  |  0.50 CE

In the industrial revolution, workers moved from farms to factories to receive wages for their labours… at least, as long as they were physically able. Eventually, though, all factory equipment must be ‘retired’ from use when it is too old to function properly - from machinery, to the workers themselves. In turn, retirement savings were born of the concept that workers needed a way to provide for themselves when their bodies were no longer physically capable of factory work. However, with the shift from factories to knowledge work, the reality is that not only can work contin...

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