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…]

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…]