We live in times that are very volatile. The world is facing multiple crises, the economy is staggering and our resources depleting. These combine and make you think whether your future is really secured?
We cannot solve every problem, what we can do is plan for a secured future after we retire. However, planning for the future is not as simple as it sounds. Doing it requires insight of the current situation and a deep understanding of your capabilities.
The secret MANTRA
Here are 10 simple ways that will assist you in your endeavour to make a good retirement plan.
We cannot solve every problem, what we can do is plan for a secured future after we retire. However, planning for the future is not as simple as it sounds. Doing it requires insight of the current situation and a deep understanding of your capabilities.
The secret MANTRA
Here are 10 simple ways that will assist you in your endeavour to make a good retirement plan.
We live in times that are very volatile. The world is facing multiple crises, the economy is staggering and our resources depleting. These combine and make y... more
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1
Start saving now
Experts are of the belief that early planning of a retirement plan is always beneficial. This may be your first day at work or you may have only a few years left till retirement, start saving now. Every penny you save, in any saving scheme of your choice, adds to a comfortable future. Additionally, the interest generated also helps your cause.
2
Reduce your daily expenses
Your may be a successful businessman or a simple job holder, you never know what the future holds. Having the money does not imply spending it all the time. Keep your budget scheduled and well regulated and you can put away the extra money in your savings account.
3
Draw a list of possible future activities
Now would be a great time to decide upon everything you always wanted to do but neither had the neither time nor money. Make list of your dreams after you retire. This will give you a solid idea about how much to save to fulfil your desires.
4
Do not spend too much at once
Many people after getting a new job tends to start spending lavishly. This however is a mistake. Such lifestyles lead to debt and haunt your future. Spend carefully and rationally so that you may be ready for any emergencies that may arise. Also reduce your debt as soon as possible.
5
Study your options
Today there are many schemes offered by insurance companies that guarantee you a secured life after retirement. Make sure to do a thorough research in order to choose the best offer possible so that it is capable to look after your welfare after you retire.
6
Take care of your Legal affairs
Make sure that you are sound about your will and legal statuses before they get out of hand. Always go for a good lawyer in order to give you the best advices.
7
Keep away your tax free money
Having a tax shelter is not enough for a credible future planning. Make sure that you have enough tax free dollars under your belt.
8
Decide upon a career after retirement
Always look forward to do a job after you retire. Make sure you work as long as your body allows you to. Choose a good albeit less stressful job to help you cruise through your old age.
9
Maintain proper records
Always go for a good retirement investment planner to help you get a good deal.
10
Reduce your debt
Always try to pay off your debt as soon as possible. Please remember that interests add to your burden the longer you take to pay them off.
Life can be short as well as unpredictable. Be wise, be active and start planning for your future now.
[source: Self Directed Retirement Planning LLC ]
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