Retirement planningMarch 16, 2022
Why retirement planning is important now?
In your Golden Retirement Years, the last thing that you would want to worry is about money and how to financially support yourself or your family.
01
People Live LongerWith increasing age comes more health problem, you will need more retirement funds to ensure a happy retirement.
02
You Never Know When You Will Stop WorkingAlways prepare for emergencies. There is no excuse to not save for retirement.
03
Don’t Be A Liability To Future GenerationsIf you don’t plan for your retirement, it becomes your children’s responsibility to take care of you.
Voluntary Retirement
This is a happy situation, because you as an individual get to decide on how you want to spend your life meaningfully with a purpose. It involves finding out when do you want to retire and your purpose when you retire.
Here are some questions to ask yourself when building a retirement plan:
- How many more years do you wish to work?
- What is your ideal age of retirement?
- How long do you see yourself in retirement?
- Will you be financially dependent or financially independent?