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To: Ramsey Su who wrote (34893)	6/11/2003 3:20:58 PM
From: RealMuLan	Respond to of 74559

Ramsey, retiring at age 53 has been into practice for a couple of years now in China, and will be in practice for the next 20 years, or until labor shortage comes whenever that will be. So, for the people who have retired, a lot of them were "red guards", but they also got higher education, and have skills and connections. A lot of them now have 2nd job, and double income, very well off. Keep in mind, I am only talking about the people in cities. And most of those who were not college graduates have been laid off much earlier. Those who can stay around in the last couple of years are well trained, and have skills. Personally, I do not think one has to plan for retirement. As long as having the time, and money, one can always have a good retirement, even if without any planning. I can see a lot of my friends and my relatives in China would have a happier retirement than I do, even if they may not have planned that<g> And to your surprise, those older people are equipped to survive much better than the younger generation.