Bill Bengel's journey from working as a child to retiring after a successful career at General Motors reflects the importance of planning for retirement. After retirement, Bengel faced health challenges, prompting him to reassess his retirement goals. He emphasizes that joy in retirement requires proactive financial planning and sacrifices from the very start of oneâs career. His experience illustrates how unexpected health issues can reshape oneâs retirement plans, urging others to have a solid strategy in place from the beginning of their careers.
I tell my grandchildren that joy in retirement isn't a given. You've got to plan for your retirement starting with the first paycheck you get.
When I joined General Motors, from the first opportunity I had for a wage or salary increase, I always took 10% of whatever the increase was and put that toward my retirement.
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