Is retirement inevitable and sustainable in modern times?
Legally, retiring refers to your tax status and access to your retirement savings in terms of the post-retirement investment options available.
Historically, we did not live long enough to consider not working. In the 18th Century, life expectancy was 35, rising to 50 after Alexander Fleming discovered penicillin in 1928. Then, saving was onerous as economies were dominated by a subsistence lifestyle. Feudal taxes were paid to maintain central powers and systems for saving were rudimentary.
The person credited with ‘inventing’ retirement as we know it is Chancellor Otto Von Bismarck in 1883, but his objective was to increase his popularity and stem the rise of Marxism in Europe. He announced that he would pay a pension to any citizen of the age of 65. This was past the life expectancy of the population in the 1880s and therefore a safe bet ...
This story is from the January 2018 edition of Skyways.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2018 edition of Skyways.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Fit For Purpose
Changing legislation offers a range of opportunities in the health sector
Good For Grinches
Finally! A holiday season Scrooge himself can invest in
A Paradise In The Wilderness
Visitors find freedom at Treedom on the Garden Route
Do It For The Kids
Parenting styles play an important role in helping children develop through the pandemic and beyond
Trekking With Teens
Travelling with adolescents comes with a unique set of challenges
Know Your Mind
Our brain uses shortcuts to think quickly but, sometimes, these mental timesavers let us down. Dr Pragya Agarwal discusses the science of cognitive biases, and why it’s more important than ever to understand how they hold sway over our views
Infected With The Travel Bug Again
As tourism-related establishments up their game to ensure visitor health and safety, it’s possible to feel positive about travelling again
Star attraction
Greater Kruger lodge makes a spectacular first impression
Palala position
The effect of the past on the present is positively felt in a luxury Waterberg lodge
Can the spam!
Irrelevant advertising will almost certainly turn consumers against your product
