Just a few days ago, the city of Detroit filed for bankruptcy. Meaning, pensions could evaporate .... jeapordizing retirement, and forcing retirees to return to work.
Ladies, please don't put all your eggs in 1 basket...especially if you're not the one holding the basket. Pensions backed by cities, a company, or the government are not guaranteed.
Just because you spend years putting money in doesn't ensure you will get that money back when you need it most..at your retirement. Now, I don't have a pension but the law requires I pay into social security..an account that may no longer be solvent when I am of legal age to withdraw from it. In other words, this is someone else's basket.
So I took control of my retirement by establishing other baskets. I set up multiple accounts: savings, financial freedom, and trade accounts both long and short term to ensure that I retire on my terms.
Have you done the same?
Imagine having to go back into the work force when you're in your 60s or older. Freedom is working because you choose to, not because you have to.
Best of luck to you on your journey.