| Everyone in the world hates to work when they | | | | retirement. |
| retire. They would rather have a comfortable | | | | Firstly, you have to estimate the income needed |
| retirement years. Having a dream holiday around | | | | during retirement, determine retirement fund needed |
| Europe, living in luxury, not having to work till the last | | | | to generate the income, project value of current of |
| days and need not to worry about money ever gain | | | | income, calculating the retirement fund shortfall and |
| may be your dream retirement. However, you have | | | | calculate the additional retirement funding needed. |
| to have adequate funds to support your lifestyle. | | | | As you can see, retirement planning is not a simple |
| The term retirement can be rather extreme. | | | | task and you really need to quantify your objectives |
| Many people fail to plan for their retirement because | | | | and not having a good retirement planning can turn |
| of ignorance, procrastination, current spending needs/ | | | | your life upside down. There are two methods that |
| wants, unstable income, more urgent capital | | | | are commonly used in determining how much is |
| accumulation goals, lack sense of urgency and a false | | | | needed in your retirement fund; expenditure method |
| sense of security. | | | | and replacement ratio method. |
| Successful planning includes generating enough to | | | | If you are not sure about planning your retirement, |
| maintain desired lifestyle, second career, retirement | | | | you will have to engage a financial planner. Having a |
| home, travelling and health care. It is important to | | | | financial planner will not only help you in your |
| clarify you're your objectives and reach a quantifiable | | | | retirement goals, it can also help you plan your |
| amount for each objective. As retirement is a long | | | | financial goals realistically. However, you will still need t |
| term process, economic woes such as retrenchment, | | | | consider your current situation and a good financial |
| poor health and accidents may caused involuntary | | | | planner will know their client's problems well. |