What are your retirement plans?

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Lamagoodle
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Re: What are your retirement plans?

Post by Lamagoodle »

I want to start a school in the NFD.
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Re: What are your retirement plans?

Post by BlackVelvet »

Reacher wrote:
Jasmine6 wrote:How do you see your life progressing once you've reached retirement?

For the purpose of this thread, assume you are going to live to be at least 96 years old. Have you thought ahead with regards to where and how you plan to live?


We are from a culture where parents and elders live with and are taken care of by their children and grandchildren. So are you expecting or even counting on your children (existing or planned) to take care of you? If not, what are your plans?


I think the ideal age to exit this world is about 63-65 for me. One may become a liability to loved ones from that point on. I don't plan on burdening anyone. I prefer/don't mind the opposite and to help/care for others though I pray any kid of my own grows up to be self sufficient and healthy. With those sentiments out of the way, I plan to take early retirement and spend my time traveling for few years and see places I haven't seen before. Then I want to go back to my humble roots living next to a well of water, an easy walk to the market to buy camel milk, greetings to all every morning, familiar faces, candies for the neighboring kids, hellos to the old and young alike. I am hoping a life well lived and humble to the end, and to give back to Somalis in general small or big, just somehow. I benefitted from being a Somali in this world materially, educationally, and best of all, the Islamic faith that I was born into due my parents being Somalis.
MashaAllah, hard not feel content just reading that :up:

That said you can still be self sufficient 20/30 years after you hit 65. Healthy lifestyle will keep you fit for longer
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BlackVelvet
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Re: What are your retirement plans?

Post by BlackVelvet »

JaalleMarx wrote:I want to start a school in the NFD.
btw aren't they drilling for oil in that region? Do you think it will benefit the locals?
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Re: What are your retirement plans?

Post by Lamagoodle »

Jasmine6 wrote:
JaalleMarx wrote:I want to start a school in the NFD.
btw aren't they drilling for oil in that region? Do you think it will benefit the locals?
The windfalls will eventually benefit the locals. There will be some trickling down effect .

My school will be the best in Africa; benchmarked along the best schools in the west.
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Re: What are your retirement plans?

Post by BlackVelvet »

JaalleMarx wrote:
Jasmine6 wrote:
JaalleMarx wrote:I want to start a school in the NFD.
btw aren't they drilling for oil in that region? Do you think it will benefit the locals?
The windfalls will eventually benefit the locals. There will be some trickling down effect .

My school will be the best in Africa; benchmarked along the best schools in the west.
With your educational background, I don't doubt it :up:
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Re: What are your retirement plans?

Post by Lamagoodle »

Dear niece,

Your input will be indeed. The school will be well managed; I have talked to potential backers and we are in the process of establishing an endowment fund. I will need smart somalis like you to realise this goal.
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Re: What are your retirement plans?

Post by SummerRain »

I have been contributing to my retirement since I was 16 years old. I haven't really set plans for it yet, that's kind of unrealistic given my age. I have to get a clear picture for what collage finances will look like for the kids, and the affordability of it. Given a nice education pension, would be nice to busy myself with gardening, grand kids and volunteering at the social and educational capacity. Those are all intentions but Allah knows what's coming for me.
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BlackVelvet
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Re: What are your retirement plans?

Post by BlackVelvet »

JaalleMarx wrote:Dear niece,

Your input will be indeed. The school will be well managed; I have talked to potential backers and we are in the process of establishing an endowment fund. I will need smart somalis like you to realise this goal.
Whatever you need, I am more than happy to help
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BlackVelvet
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Re: What are your retirement plans?

Post by BlackVelvet »

SummerRain wrote:I have been contributing to my retirement since I was 16 years old. I haven't really set plans for it yet, that's kind of unrealistic given my age. I have to get a clear picture for what collage finances will look like for the kids, and the affordability of it. Given a nice education pension, would be nice to busy myself with gardening, grand kids and volunteering at the social and educational capacity. Those are all intentions but Allah knows what's coming for me.
MashaAllah, there's thinking ahead. Would you see yourself living with your kids when you're not able to look after yourself or are you more comfortable with the idea of hired care?
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Re: What are your retirement plans?

Post by salool »

Sidi ilaahy ka dhigo bay noqon but i just hope i wont be burden to anyone.Dadka ciyaal aaney wali dhalin ku xisaabtamaya ayaan ka yaabanahy, what if Allah doesnt bless you with any, or if you've few ay caasi kugu noqdaan.You should't rely to anyone in this dunya.
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Re: What are your retirement plans?

Post by greenday »

I dont have one! let me get close to it bal.
Lamagoodle
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Re: What are your retirement plans?

Post by Lamagoodle »

Jasmine6 wrote:
JaalleMarx wrote:Dear niece,

Your input will be indeed. The school will be well managed; I have talked to potential backers and we are in the process of establishing an endowment fund. I will need smart somalis like you to realise this goal.
Whatever you need, I am more than happy to help
You are one of my candidates; we should engage in knowledge transfer; I have some financial backers but, I will need educated and goal oriented somalis to realise the plan.
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BlackVelvet
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Re: What are your retirement plans?

Post by BlackVelvet »

salool wrote:Sidi ilaahy ka dhigo bay noqon but i just hope i wont be burden to anyone.Dadka ciyaal aaney wali dhalin ku xisaabtamaya ayaan ka yaabanahy, what if Allah doesnt bless you with any, or if you've few ay caasi kugu noqdaan.You should't rely to anyone in this dunya.
I agree, it's quite a risk to take. Some people just have children so that they can have someone to look after them when they're old. Waa lugooyo



Green, we can't afford not to think about it or plan ahead. Have you ever been inside a state owned old people's home? Calool xumo


JaalleMarx wrote:
Jasmine6 wrote:
JaalleMarx wrote:Dear niece,

Your input will be indeed. The school will be well managed; I have talked to potential backers and we are in the process of establishing an endowment fund. I will need smart somalis like you to realise this goal.
Whatever you need, I am more than happy to help
You are one of my candidates; we should engage in knowledge transfer; I have some financial backers but, I will need educated and goal oriented somalis to realise the plan.
If you've got the time to talk about it, I would love to hear more
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SummerRain
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Re: What are your retirement plans?

Post by SummerRain »

Jasmine6 wrote:
SummerRain wrote:I have been contributing to my retirement since I was 16 years old. I haven't really set plans for it yet, that's kind of unrealistic given my age. I have to get a clear picture for what collage finances will look like for the kids, and the affordability of it. Given a nice education pension, would be nice to busy myself with gardening, grand kids and volunteering at the social and educational capacity. Those are all intentions but Allah knows what's coming for me.
MashaAllah, there's thinking ahead. Would you see yourself living with your kids when you're not able to look after yourself or are you more comfortable with the idea of hired care?
My mom lives with me now even though she is healthy and active. I couldn't let her live alone. I pray I'm blessed the same way.
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BlackVelvet
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Re: What are your retirement plans?

Post by BlackVelvet »

SummerRain wrote:
Jasmine6 wrote:
SummerRain wrote:I have been contributing to my retirement since I was 16 years old. I haven't really set plans for it yet, that's kind of unrealistic given my age. I have to get a clear picture for what collage finances will look like for the kids, and the affordability of it. Given a nice education pension, would be nice to busy myself with gardening, grand kids and volunteering at the social and educational capacity. Those are all intentions but Allah knows what's coming for me.
MashaAllah, there's thinking ahead. Would you see yourself living with your kids when you're not able to look after yourself or are you more comfortable with the idea of hired care?
My mom lives with me now even though she is healthy and active. I couldn't let her live alone. I pray I'm blessed the same way.
:up:
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