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