I observe in the government that the personnel are encouraged to attend a Retirement Planning Seminar with GSIS one year or less before the actual date they retire from the service. Usually, participants are 60 years and beyond. One year is not enough and will never be enough.
Retirement is not a matter of age but a matter of how you prepare for it. You can retire anytime if you want.
Planning for retirement should be done as early as you enter the employment world with a time horizon of 20-40 years before the end of your service. You should invest now for your retirement. Time is your greatest ally.
How about if you are 50-55 years old? You have to act right now. Don't wait you will hit 60 years old to prepare for it.
