"Peaceful retirement" is often a word that has been heard many times, but it rarely becomes a reality in reality. Inflation is an inevitable factor, and if you ignore the changing trend of the economy, it will be difficult to cope with economic difficulties.
In order to make the first three words of this article a reality, we ask that your loyal readers spend some precious time to complete the following points -
a] start as early as possible
The best way to get started is to save from the first day you start earning. In addition to fund funds, at least 10% to 20% of wages can be saved to promote smooth retirement options.
b] stocks and stock funds
If they are long-term purchases, the above two are the best tools to beat inflation in the retirement plan. Please note that the type of investment should vary according to your age and the portfolio must be reviewed periodically to determine if you are normal.
c] Repayment of debt
You may usually need to purchase by credit card, but make sure that the amount you pay does not exceed 30% of the amount payable. In addition, housing rents have recently been close to 40% of monthly income. Therefore, if you have obtained a home loan and built a home, be sure to include these terms within five years. You can start saving on housing rent and the amount of loan you have to pay.
d] Emergency Fund
The fund can help you solve problems such as illness, unemployment, accidents and so on. A six-month monthly salary can be counted as a contingency fund.
e] Health insurance
As a person, you always imagine the best in the future, but a hospitalization event may weaken your savings. Developing an insurance policy can not only help you get tax benefits, but also reduce your dependence on treatment costs and inflation. The best way to do this is to purchase a long-term insurance plan after studying the appropriate options.
f] Maintain discipline
Indulging in luxury is a necessary aspect of social character, but don't let unnecessary expenses enter. Make sure you and yours are half better, keep a strict territory, and set aside a portion of your monthly income to retire. The cost-benefit analysis will determine whether it is worthwhile to make unnecessary trips or movies worth the cost and value of the costs incurred.
g] Financial plan
The financial plan should be revised at least every two years, and your salary will change every year because of your investment trends. Maintaining a realistic view of the shift in life, family and priorities will allow you to easily modify your retirement goals to stay functioning.
h] New sources of income
Creating income other than normal wages has almost become a necessity. You can work part-time, or don't miss out on other processes that focus on inheritance.
in conclusion
Remember that a fulfilling life goal after retirement is a long-term plan. It will change direction, make changes, suffer setbacks and face various challenges. Become a warrior and at least get the dream life you want after retirement.
Orignal From: Life tips in your own life after retirement
No comments:
Post a Comment