Sylvia is looking forward to her retirement. When she was 16 years old, she started working part time to put herself through college and graduate school because her government grants covered only a small amount of her tuition. Her work ethic paid off. After working for a software company for 15 years, she started her own firm. Eventually, her idea took off and she earned a large sum of money. Last spring, she broke her leg while hiking. The next day, she had a surgery that enabled her to attend an important family gathering a few weeks later. Her large income allowed her to pay the hospital bill. Her pension check will be a nice, but not necessary, addition to her large savings.