When you are young, retirement seems like a distant prospect, which you do not need to worry about. However, before you know, time will fly and you will be close to your retirement age. Instead of being sorry later, it is better you start investing when you still have ample time to build your retirement savings without unnecessary pressure. If you start early, you get more time to earn higher returns on your investment. [Read more…]
How to Choose the Right Age to Retire
Those days when 65 years was a straightforward benchmark for retirement are long gone. People now put in a lot of thought while deciding the right time for retirement and this decision will depend on many factors, particularly the kind of life you wish to lead after retirement. [Read more…]
Managing Your Finances after Retirement
It is often believed that the spending of a person decreases after retirement because people become less active as they grow old. However, bad health and inflation can significantly increase the outflow of money after your retirement, and your financial situation might improve or worsen depending on how well you have planned for these expenses. A new theory divides retirement age into three stages. [Read more…]
Choosing Where to Live After Retirement
You might have often dreamed about your retirement. You would have thought about making enough money to settle down in a beautiful location, in a home that caters to all your needs, and indulging in hobbies that you could not find time for. [Read more…]
Plan Early for Your Retirement
Retirement can bring a lot of changes to your lifestyle. Whether these are pleasant or not largely depends on how much planning has been put in during your years of employment.
Financial stability and independence play a huge role in laying the foundation for peaceful and stress free retired years. Post retirement, you cannot fall back on a regular monthly paycheck to meet expenses, and that is why having a reliable stream of funds coming in from your investments is important. With proper management of your finances during employment, this can be achieved quite effectively. [Read more…]
