Retirement Planning ! WHY?
Happy Retirement Planning
Even
if the person has a good amount of savings, the pension plan is nevertheless
crucial. This is because savings exhausted very fast and sometimes are used in emergencies.
But pension plan are designed for retirement only. So doing a proper retirement
planning helps you to secure your cash flow for meeting basic daily needs during
retirement period.
The
retired people who
choose
to do social work voluntarily are happier than their earlier period. But, when
retirees are forced to work for financial reasons, they can’t be happy.
JUST IMAGINE, After 25 years, you will be
retired. At that time cost of living will have shot up dramatically, means need
to have minimum five times more money. Have you ever imagined that after 25
year, L.P.G. Gas @Rs.1500/-, Tooth paste @ Rs. 400/-, Petrol @ Rs. 500/-, Rickshaw
fare minimum Rs.500/-.You might visit the doctor more often in your retirement
period. And you have another 30 years to go without earning. You might have
cope with a higher rate of inflation, increasing cost of daily living,
declining rate of interest rate and rising medical cost. You will live longer
than your grandfather but retire earlier than he did. Today, advances in
medical science and increased health awareness have ensured that a person can
live longer than he could be few decades ago. So you should start planning for
your happy retirement life in advance.
According to survey by American Bureau of
Labour
on Retired People who started working at age 25 :-
63% of
senior citizens were dependent on children & charity,
32% are still working,
4% were maintaining their standard of living
&
1% were wealthy. Now you yourself decide where
you want to be.
PLAN NOW!
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