Retirement planning
By tron20
@tron20 (28)
Canada
December 8, 2008 4:49pm CST
Heres my basic guide to successful retirement planning.
Take cotrol - if you are already reading these types of articles believe it or not you are already taking the first step. Start by figuring out your financial needs for the future and don't forget inflation. Now to do this properly after you have figured this out it's time to speak to a professional.
Know Yourself - Only you know your risk tolerance. There are many different types or retirement plans and investment choices on the market. The higher the reward usually the higher the risk.
Get Advice - Once you have taken all this into account go speak with a financial professional and they will help guide you to what is best for you.
So theres th basics of it if you would like to discuss more details or like to add anything please feel free
1 response
@spoiled311 (5500)
• Philippines
8 Dec 08
hi tron!
yeah my husband is really concerned about this. as for me, i just save and save and get insurance. but he computes the inflation rate against the interest rates and says that it is not worth it. but i just say that well, it is better than having nothing. hehe
but yeah, i know there is a point to all these. the problem is, i cannot understand these things. i just think that at least when we are 60, we will have sources of income for our daily needs. i do have medical and pension insurance and i still am saving up to have more.
take care and God bless you!
merry christmas! :)
