7 steps for successful retirement planning

How many years left before your retirement??

If you have more than 30 years, start saving now!!

If you have less than 30 years, start saving even more!!

Retirement planning is important for everyone’s life as all of us won’t get pension.  After so long period of service, retirement gives you enough time to rejoice your life. So don’t let money become a barrier between you and your fun plans after retirement.

There are mainly two kinds of planning we all do for retirement. These two are –

1. 1. Personal planning:  Sometimes we are forced by our circumstances and helplessly change our mind from what we want to do and start doing what is needed and demanded by situations. In cases like those we only can follow our true passion after retirement. Some people want to start their own business, some people want to join some volunteer role in different kind of schools or NGO, want to learn some different language or travelling around the world. Saving up for retirement could become a backup to pursue those passions of yours.

2.  Financial planning: Plan for your future and make adequate funds to support your retired life. Your life after retirement will be comfortable if you structure your investment properly. Because, how small it is a systematic and regular investment for a long time could earn you a fortune.

Planning your retirement is important. At the end of the day, your actions will reflect in your result.

So, without any further ado, let’s talk about the steps which will help you to plan your next joyous venture, i.e. Retirement.

Read more: 12annas.com