Here in the Great White North, we have a federal pension system called, wait for it, wait for it, "The Canada Pension Plan" (CPP). Anywho, with the baby boomers (read:Joph) getting on in their years and encroaching on the Golden age of retirement, it is said that the CPP will be tapped out completely within the next 25 years. For most Canadians over 25, this is old news, so we have been led down a path to take responsibility for our financial futures and make better decisions now that should help us down the road when it's our turn to take that permanent vacation.
What I'd like to know is, how does the rest of the world (read:Asylumites) plan for their future, and what are you planning to do if/when you get there?
I personally look forward to spending a lot of time on a motorcycle, travelling parts of the world that have not been laid to waste by nuclear war. If I'm not incarcerated, I don;t plan to spend my time all locked up in a house like so many old people do. I want to finally be free.
To make this plan happen, through different channels and investments I am working on building my net worth so that one day I will be able to provide myself the described life from monthly dividends (estimated return at 10% per annum) from my investments. Who knows what the future may hold, but that's what I'm gunning for.
What do you see in your crystal ball?