{"id":2307,"date":"2020-04-10T16:25:23","date_gmt":"2020-04-10T10:55:23","guid":{"rendered":"http:\/\/capitalante.com\/?p=2307"},"modified":"2021-01-15T23:00:50","modified_gmt":"2021-01-15T17:30:50","slug":"retirement-planning","status":"publish","type":"post","link":"https:\/\/capitalante.com\/retirement-planning\/","title":{"rendered":"Retirement Planning : How to Make a Successful Retirement Plan"},"content":{"rendered":"
Retirement planning is an important thing for all persons engaged in Govt. Service or Private Service or any other sector where there is provision for retirement after attaining the age of 60 years.<\/span><\/p>\r\n <\/p>\r\n A person should think about retirement planning right after joining his\/her job. Early retirement planning will ease the life after retirement.\u00a0 Many a person has some misconceptions regarding planning for retirement and makes some common mistakes.<\/span><\/p>\r\n <\/p>\r\n After getting a job most of people think that they are too young to plan for retirement. They believe that they have much time to plan for retirement. They ignore this vital thing that early planning will secure financial needs after their retirement.\u00a0<\/span><\/p>\r\n Like this, they spend years after years and when the age of 60 comes close they find themselves with very little savings for the post-retirement life. So a sincere person will keep this thing in mind and try to do planning for his or her post-retirement life.<\/span><\/p>\r\n <\/p>\r\n First of all, let\u2019s assume that a person gets a job at the age of 25 years. So he will have a service period of 35 years. This service period may vary from person to person and may be of 27 or 30 or 33 years or more. Generally, we can assume that a person has a service period of 30 years.<\/span><\/span><\/span> You must have a clear view and a good understanding of the expenses that will be required to live after retirement.<\/span><\/p>\r\n <\/p>\r\nMistake #1. Avoid early retirement planning<\/strong><\/span><\/h2>\r\n
Mistake #2. <\/strong><\/span>Unable to <\/b>visualize<\/b><\/span><\/span> the situation after retirement<\/b><\/span><\/h2>\r\n