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My retirement plan is very simple to start building multiple streams of income right from now on that will cater for me in the old age. I would not want to rely on salary work call pension in order to enjoy my old age. I'm planning to invest in different things that will be bringing passive income for me without lifting a finger.We all are going to get old some day. And then we don't get the chance to work as hard as we do during the young age. And so we have to plan our retirement. And the thing is we also have to watch out our retirement time considering all politics and bad days in that time like changing interest rate, wars etc.
Have you thought about retirement planning?
Retirement is very necessary for workforce in general. Both business owners and salary earners will have to rest from their year of laborious activities. Then they ought to have planned how to use well their retirement age.We all are going to get old some day. And then we don't get the chance to work as hard as we do during the young age. And so we have to plan our retirement. And the thing is we also have to watch out our retirement time considering all politics and bad days in that time like changing interest rate, wars etc.
Have you thought about retirement planning?
Retirement plans should be the first thing on one's mind from the first day of work and we should work towards that. We can make plans for retirement by starting a side business to earn more income, through savings, or investment to earn passive incomeWe all are going to get old some day. And then we don't get the chance to work as hard as we do during the young age. And so we have to plan our retirement. And the thing is we also have to watch out our retirement time considering all politics and bad days in that time like changing interest rate, wars etc.
Have you thought about retirement planning?
Many people after their retirement start their own business.. they can moniter their Business by their own self.. i saw many people one of them started Burger shop 2 years back now he has his own restaurant it is only happened due to hardworking and willingnessPART OF
Financial Health Checklist
PERSONAL FINANCE RETIREMENT PLANNING
Retirement Planning
By JULIA KAGAN
Updated Jan 26, 2021
What Is Retirement Planning?
Retirement planning is the process of determining retirement income goals, and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, sizing up expenses, implementing a savings program, and managing assets and risk. Future cash flows are estimated to gauge whether the retirement income goal will be achieved. Some retirement plans change depending on whether you're in, say, the United States, or Canada, which has its own system of workplace-sponsored plans.1 2
Retirement planning is ideally a life-long process. You can start at any time, but it works best if you factor it into your financial planning from the beginning. That's the best way to ensure a safe, secure—and fun—retirement. The fun part is why it makes sense to pay attention to the serious and perhaps boring part: planning how you'll get there
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