Why is Retirement Planning Necessary?


The significance of retirement planning cannot be underestimated. Nobody likes to work forever and there comes a time in life when advanced age and natural limitations of body and mind prevent a person from working and earning.


Retirement planning entails making adequate provisions for the future –This also implies that you have adequate time and resources for activities that you could not fully enjoy during your prime years – travelling, spending more time with friends and family, joining a hobby class and being a part of community services. Naturally, indulging in such activities without having to report to work is possible only when you have adequate funds


Wealth building is probably the most important part of a retirement plan. Pensions are not enough and you need to ensure that there are adequate investments to yield you a good, steady passive income when you give up work.


Besides wealth building, you also need to think in terms of:

§  Estate Planning

§  Asset Protection

§  Writing Your Will

§  Leaving A Legacy

§  Tax Planning


 You cannot enjoy life to the fullest if you are not fit and healthy. You need to start from now by

·        Eating differently – making healthier food choices

·        Acting Differently -  start exercising regularly

·        Thinking differently – change your lifestyle choices 

In addition to taking care of your finances, health and assets, You need to take care of your spiritual health, to be at peace with yourself, God and the world 

Article by Bibi Apampa, a Wealth and  Business Coach who specializes in helping people Retire Rich, Healthy, Wealthy and Wise. Visit  www.RetireRichRetireHappy.co.uk to download a free book “Retire Rich Retire Happy” – how to plan towards being Rich, Healthy and Wise in Retirement