Best Retirement Plans For You Charles Kenneth Rattley Jr
Retirement Plan A GOLDEN AGE OF FINANCIAL FREEDOM
Early planning is crucial to making the best-laid plans. Unfortunately, many people put off doing so until later.
There's nothing wrong with us wanting to do it, but for many of us we don't think we should start planning for retirement yet. It is probably impossible for you to imagine retiring someday if you are still young enough. However, retirement planning should begin as soon as possible.
What is your retirement plan? You can follow four basic strategies:
Save more by spending less now Improve your return on investment Working longer Die earlier
Charles Kenneth Rattley Jr, the last option isn't actually a strategy! In some countries, the age of death has been rising six months each decade since 1945 due to the fact that people are living longer. It is important to take this into consideration when planning your retirement.
STATISTICALLY, BOTH YOU AND I ARE GOING TO LIVE LONGER. IN ORDER TO MAINTAIN A HIGH STANDARD OF LIVING DURING RETIREMENT, - OR EVEN IMPROVE IT - YOU MUST PLAN FOR RETIREMENT BASED ON THE TYPE OF LIFESTYLE YOU HAVE ENJOYED DURING YOUR WORKING LIFE.
If you are planning to travel the world in your retirement, for example, you should consider including the cost of that in the budget of your retirement plan. When creating your retirement plan, you will need to crunch some numbers but also think about what you will be doing in retirement. However, the important thing in those golden years is to achieve financial freedom.
It is now time to build your very own retirement plan, whether you don't know what to do or haven't gotten around to it yet.
The fear of retirement anxiety, for many, outweighs that of death itself if you work hard now, lay some great foundations. Although there are few guarantees in life these days, I'm certain that I want to maintain a comfortable standard of living until the very end, as I'm sure you do too.
Take some time to make a cup of your favorite beverage, grab a pen and paper and make your retirement plan. An important part of a retirement plan should be to enter retirement debt-free. Rather than expecting 7% above-tax returns on stocks, expect 4% post-tax, and stretch your golden years as far as possible. Make a plan to make those retirement aspirations a reality after you figure out what you need. Get started today!
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