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Retire Happy! Important things you should plan for retirement

Retire Happy! Important things you should plan for retirement


Retirement is every worker's dream for it is the practice of leaving work after reaching a specific age. The normal retirement age is from 62 to 65 years old just like in the US and other developed countries. Many countries provide some reasonable pension or benefits system to supplement retirees' incomes.





Since the inflation rate is quite high, financial security in retirement was not easy to maintain. It takes a lot of planning and commitment in securing it. Here are the things you should plan to keep your retirement benefits secure, intact and well-maintained.


Save, Save, Save!

Start saving and making it a habit. The sooner you start saving your retirement, the more time your money must grow. Make saving for retirement your priority. Make a plan on how much per day you can save for it's never too late to start saving.


Know your retirement needs and expenses

It is hard to maintain your standard of living when you stop working. Make yourself in charge of your future finances. Identify the things you need and scrapped all the unnecessary things. Live within your means!

Consider future expenses

Consider other expenses like Health care because it can cost higher later in life. Others are commuting expenses – getting back and forth from one place to another if you don't own a car.


Calculate your possible retirement income

Since you have an overview of your retirement expenses, the next step is to check whether your retirement income is sufficient to cover your needs. You can add up how much income you can receive from these sources.


  • Social security retirement benefits

  • Define-benefit pension plans

  • Retirement savings


Consider basic investment principles

As you save your retirement money, you can invest it to enable it to grow. Learn a lot of options for different kinds of investments. Work with a retirement plan advisor to guide you and give you advice.


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