THE FUTURE OF RETIREMENT

The Future of Retirement: Rethinking the Golden Years in a Changing World The Shifting Landscape of Retirement The Evolution of Retirement: From Pensions to Portfolios πΈRetirement, once a guaranteed life stage funded by government pensions and employer-sponsored plans, has undergone a monumental shift over the past five decades. The traditional pension—where employers assumed the investment risk and paid out a fixed income for life—has steadily declined, giving way to defined contribution plans where the burden of saving and investing falls on the individual. This transition represents a structural change in how societies approach aging and financial independence, fundamentally altering the risk dynamics of post-employment life. What was once a social contract has become a personal project. πΈThe rise of 401(k)s in the U.S., RRSPs in Canada, and similar plans globally reflect a broader trend of financial individualism, with governments reducing their lo...