Retirement

4 Rules of Thumb for a Happy Retirement
Retirement

4 Rules of Thumb for a Happy Retirement

Are you already thinking about your retirement days? Will you be ready for the tough road ahead? Well. Retirement is not just about savings and investments. It also about making the best out of your twilight years. You have worked your whole life to achieve your goals. And now is the time to be with your loved ones, visit places you always dreamt about and live your life on your terms. To make sure everything goes as planned, there are some tried and tested rules of thumb for a happy retirement that you should follow indefinitely. Here are the rules of thumb for a happy retirement. 1. Before you quit your job, know the "Action Plan for Retirement" Creating an "Action Plan for Retirement" includes setting income goals, figuring out income sources after your work life ends, r...
What To Do If Your Employer Doesn’t Offer a 401k Plan
Business, Retirement

What To Do If Your Employer Doesn’t Offer a 401k Plan

"82 percent of millennial workers(age 21 to 34) are making contributions to the 401k plan" [1] Despite the popular belief, the new generation is very much interested and are active participants of the 401k plan. The 401k retirement plan is still one of the safest ways to save for the old age. It's a powerful financial tool that has served baby boomers over the past several decades.    Yet, some employers do not offer a retirement plan and prefer to pass the responsibility to the employees themselves. There could be many reasons why they choose to do so. Maybe the employer has started a new business and thinking about his/her employees future is not in his/her circle of concern.   So, every employee should think about alternative ways to save money from their ...
Do fixed deposits make sense for funding your retirement?
Retirement

Do fixed deposits make sense for funding your retirement?

By profoundly secure it implies not at all like stocks and offers it doesn't rely on market changes. Not just that FDs are guaranteed by the order of the RBI by up to Rs. 1,00,000 for a record. That implies that regardless of whether the money related foundation enters chapter 11 and still, at the end of the day your FD is secured. There is another office that makes FD emerge of the group. You can get an advance against your FD for up to 90% of its esteem. Fixed deposits can even now be viewed as when you need to stop your cash for a transient period like 1 yr or a half year and would prefer not to run with shared assets and furthermore don't care about that additional 1-2% return. I think those financial specialists who are endeavoring to set aside extra cash out of the blue can take...
Leading a Purposeful Life after Retirement!
Retirement

Leading a Purposeful Life after Retirement!

The considerable conundrum of the brilliant years is that there is so much time, but so next to no of it. Retirement, all things considered, signals the last phase of life. It ordinarily occurs following 40 or more long stretches of work, after your kids are developed and after your home is satisfied. Thus, retirement is regularly a period when a man mulls over his or her mortality. You've buckled down for, what, four or five decades now? You're expected. Not any earlier alert. No more gatherings. No more due dates. No more office governmental issues. Would you be able to trust it? It's simply you — out on the connections; puttering in the garden; dealing with your fantastic children. It will be extraordinary. But, imagine a scenario in which it's not as you envisioned. Imagine a scenari...
How to Save Small and Finally Make it Huge
Personal Finance, Retirement

How to Save Small and Finally Make it Huge

Since you’re visiting this page, you’re either aspiring to start saving to purchase that dream car you just saw in a showroom on your way to your destination, or a student who’s given an assignment to write an essay on this topic, and you’re hoping to learn a thing or two from the sensei (me), or you’re just a dependent individual who’s willing to improve/sustain the financial conditions at home. Whatever your case maybe, neither fear, nor live in despair, for I, the guru of savings is here!! For first timers, saving is quite a rational, yet a difficult action to pursue. But once you have absolutely, positively and wholeheartedly decided to save, it shouldn’t be that difficult of a task, right? Because when there’s a will, then there’s definitely a way. Nonetheless, it is always encour...
3 Hacks for Early Retirement
Retirement

3 Hacks for Early Retirement

A hack is a trick or a shortcut that is used to maximize the benefits of a procedure. They are not only an effective problem solver, but they also make the situation simpler and more fruitful. These hacks are used in various ventures in order to make them more productive and retirement is not an exception to this system. As an important element in an individual’s life, retirement is given much thought and planning. Using hacks to simplify the process will enable a retiree to make maximum use of his/her retirement savings. For those who wish to save wisely, the following hacks for early retirement will be of immense help. Early holiday plans All retirees have a planned, extravagant vacation in their to-do list. Although everyone deserves a great holiday after years of hard work, they must...
A Timeline For Retirement By Decade
Retirement

A Timeline For Retirement By Decade

Whether you have just finished university, are entering the middle years of your life, or are preparing to retire, it is important that you keep a keen eye on your pension investment, and knowing how and when you should be making appropriate moves will help you to plan ahead. Although it isn’t vital that you start saving for a pension when you turn 20, there is certainly no harm in doing so, and while some people in their 50s still enjoy a degree of risk in their investment, most will be risk averse. 20s You should start repaying debts accrued while at university or during your early working life as soon as possible. Start by repaying high-interest debts like credit cards, but do take advantage of pension schemes with employer contributions. With 40 years or more to accumulate and grow...
Balance Sheets, Personal Finance, Retirement

Four Tips To Save For Retirement

Retirement is something that pretty much everyone wants, correct? I'm going to assume that answer is yes. Whether you are 25 or 55 (or whatever your age is!), I'm sure retirement has crossed your mind at least once. Hopefully more than once but that's a post for another day. Below are my 4 tips so that you can save for retirement. Of course, depending on how quickly you might want to reach retirement, that all depends on how hard to try for the five things below. For example, someone wanting to retire within 10 years will probably have to try much harder to reach retirement than someone who wants to retire in 40 years. 1. Lower your spending. One of the very first things you may want to think about doing when wanting to save for retirement is to lower your spending. This does not mean tha...
Retirement

3 businesses you can start in retirement

Retirement doesn’t have to be the end of your working life. If you are struggling to come to terms with the idea of having no routine to adhere to, or you are worried about making your savings stretch, then setting up your own business is the right path for you to take to reach retirement happiness. There are many avenues that you could pursue that would allow you to bring in some extra finances while also having the free time to enjoy your retirement years. An advantage of starting a business in retirement is that you already have all the resources that you need. After years of garnering expertise, you won’t have to to invest in qualifications and training and you can usually work from home, which eliminates the need to hire a pricey workspace. However, if you do need a little extra fina...
Balance Sheets, Personal Finance, Retirement

4 Ways To Prepare For Retirement

Retirement is an area that I believe too many people skip over. Some think that they will just think about the topic once retirement age is closer, they might believe that their job will help cover their retirement funds, or they just do not think it is possible for them. Whatever your excuse is for not saving for retirement, you should start today because saving for retirement is possible. Here are four ways to prepare for retirement: 1. Invest in real estate. One way to prepare for retirement is to think of a way to continue to bring money after you have retired from your job. Real estate investing has the potential to bring in passive income for you monthly. However, before you invest in real estate, you should remember that this isn't exactly an investing means for weak people. Thi...