Do You Have A Retirement Planner?

Do you have a retirement planner? Thinking about our retirement is the thing most people neglect nowadays; they are too busy with so many things and too young to think about it. But when they rich their prime age, that is where they realize that they should have plan for their retirement when they are young and gaining money.
Planning ahead is a smart move from any individual. It is like controlling your future. Of course, we can’t control our future but by preparing for it through planning, we will never caught by surprise and we are ready.
What should be inside our retirement planner? Here are the lists.
1. When do you plan to retire?
2. How much money you need for retirement?
3. What do you want to do when you retire?
4. Do you have a long term health care insurance?
5. Who would take care of your business when you retire?
When do you plan to retire?
In retirement planning you should set a date when do you want to retire. This is the first thing that you should have in mind. Do you want to retire at 40? 50? or 60? Starting from here you will start planning the details. For instance you want to retire at 40, the question is how can I retire at 40? You should think about that.
How much money you need for retirement?
When you already know when you want to retire, the next thing in mind is how much money you need to earn for your retirement. If you are 25 now and you want to retire at 40 you only have 15 years to earn that money. If you want to have a million in your retirement, you must learn to calculate how much per year you have to earn. Now you have to think about new investments and some business to come up with that money and don’t rely solely on your pay check because for sure that is not enough.
What do you want to do when you retire?
This will help you determine, how much money you need. You have to think what kind of lifestyle you are going to live on your retirement. Do you want to tour the world?
Do you have along term health care insurance?
This is something you also have to think about. As stated above, we don’t know what will happen in the future so we better be prepared. We don’t know if we are going to be ill and needs a long term medication. We all know that old people usually got sick, so to not ruin your budget, you must include long term medical insurance in your retirement planner.
It is also better to create a living will so that you can in control what measures they should do just in case you’ve got mentally incapacitated.
Who would take care of your business when you retire?
Part of your retirement is to know who will going to handle your business, to whom are you going to give it. When we retire we don’t work right? Or if we do, it’s just for fun and we are not obliged to do so because we have enough to sustain our wants and needs but what if you have businesses? Does it mean that you’re going to sell your properties; you have your family waiting for your gifts.
Create your retirement planner and be in control.

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