If you would go for the second option, you will have funds to invest in online deals that lurk around the internet. The first one seems better but it's just like savings and it will not yield anything. So option B is more lucrative.
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That's true, you would have to take care of basic needs like electric bills, water bills ( if you are in a place that requires paying of water bill ) and other necessities like shopping and the likes.I would suggest that you get a monthly pay than get lump sums in three years. After retirement, you should be more worried about meeting and taking care of your daily needs than thinking of just starting and managing a business, that should have come earlier.
I prefer being paid my pension once every month, just like a salary.I just recently got enrolled for a pension plan and while am still filling the form, the insurance company has given me two options. Depending on the amount to be deducted from my salary, my pension can come in two ways.
1. They would pay the whole money after I retire in 3 installments for a total 3 years
2. Pay me monthly like salary
Which should I choose
That is actually true,because once an employee knows that his future is secured,then you will see that extramotivationat what he does.that will make him to properlly plan his life very well after retireement.well said pension scheme is the best scheme because its give you mental peace when you are not able to work and can live without tension after retirement.
Paying on monthly basis will only be suitable if you are not interested to start up a business. Installment payment will definitely be the best if you are interested to carry out some sort of investment. This decision will be based on your plans and preparation.I just recently got enrolled for a pension plan and while am still filling the form, the insurance company has given me two options. Depending on the amount to be deducted from my salary, my pension can come in two ways.
1. They would pay the whole money after I retire in 3 installments for a total 3 years
2. Pay me monthly like salary
Which should I choose
Well if you have already saved some amount of money before you were retired I will suggest you go for the first one which says that your money will be paid in three installments within three years.I just recently got enrolled for a pension plan and while am still filling the form, the insurance company has given me two options. Depending on the amount to be deducted from my salary, my pension can come in two ways.
1. They would pay the whole money after I retire in 3 installments for a total 3 years
2. Pay me monthly like salary
Which should I choose
yes you are right. when we are happy we do best work and get involve a lot because we have interest in our work. we all do work for our best future and we want it secure.That is actually true,because once an employee knows that his future is secured,then you will see that extramotivationat what he does.that will make him to properlly plan his life very well after retireement.
There are things that most employers do not really understand,the way you make the work easier for your employee,that is why the way you treat them,they will respond with same measure.yes you are right. when we are happy we do best work and get involve a lot because we have interest in our work. we all do work for our best future and we want it secure.
Yeah if you're carrying on on some investment it depends on your plans and preparation most people that has already been investing before will prefer the three installation within three years due it depends.Paying on monthly basis will only be suitable if you are not interested to start up a business. Installment payment will definitely be the best if you are interested to carry out some sort of investment. This decision will be based on your plans and preparation.
I advice you to choose payment monthly like salary to avoid story that touch at the end of the year. Situation can change at anytime and it can affect anybody. You can be saving any amount you're collecting per month yourselfI just recently got enrolled for a pension plan and while am still filling the form, the insurance company has given me two options. Depending on the amount to be deducted from my salary, my pension can come in two ways.
1. They would pay the whole money after I retire in 3 installments for a total 3 years
2. Pay me monthly like salary
Which should I choose
Yes it will definitely depends on what you have in plans to do, me personally I will go for the three years payment on installment because I can use it to do tangible thing.Yeah if you're carrying on on some investment it depends on your plans and preparation most people that has already been investing before will prefer the three installation within three years due it depends.
Actually if you are receiving your pension in 3 month installment you will be able to start a concrete business or investment at once, without much stress and worries but just good plan.Yes it will definitely depends on what you have in plans to do, me personally I will go for the three years payment on installment because I can use it to do tangible thing.
I also think that this is the best plan because if you collect the money at once then you might just waste it and you will be left with nothing at that critical.I would strictly advise you to collect the monthly payment if you know you don't have any sure business plans that you had plan earlier on, but if you had already planned to start a lucrative business then you should go with the 3 years payment as it would give you lots of money by lifting your business.
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