A retirement plan is an assurance that a person will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when they are no longer working. Due to the improved living conditions and access to better medical facilities, the life expectancy of people is increasing. This has led to a situation where people will be spending approximately the same number of years in retirement as what they have spent in their active working life. Thus it has become imperative to ensure that the golden years of the life are not spent worrying about financial hardships. A proper retirement planning, to a very large extent, will ensure this.
Planning ahead will let us enjoy the retirement that we deserve. The retirement strategies decided upon, makes a fundamental difference to the degree of financial freedom one will experience when they do decide to take their pension. Planning for retirement and choosing a pension strategy to safeguard financial security can be a minefield.
RETIREMENT PLANNING CALCULATOR