Plan for retirement as early as doable
It is very important to think about and pension plan for life
after retirement. Individuals should start planning for their retirement fund
as early as possible. Investing early gives time to your investments to produce
by way of compounding. Also, one can invest in instruments with a higher
risk-return percentage.
Considering factors such as increase in average natural
life, financial commitments, higher cost of living, higher cost of medicine, opposition,
nuclear families etc, it becomes yet more important to start early so that you
become totally independent in your golden years.
Although it is important that one should start
retirement planning as early as possible, there is no hard and fast rule on
when one should start. The point is that you should not delay it without cause.
Those who have not yet thought about retirement planning can start from these
days.
Some feel that retirement planning is important
after the middle age, say around 40 years. In fact, pension planning at a later
age becomes difficult as there won't be much time to construct and develop a
good corpus to sustain a high standard of retired life. But, it's better to
plan now even if you could not start early sufficient.
More Information about retirement plan. Click here
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