Do not ignore retirement plans

Our parents and grandparents did not give much importance to retirement planning because those were different times, the demands were different and also the lifestyles did not demand much planning but lifestyle today does not allow you to ignore a well planned plan before you get too late. The human physiology never makes younger people think that they would ever get old so most of them do not plan their old age expenses and increased cost of living in future.

The younger lot never imagines about his retirement, in fact it is the last idea that can hit his mind but they need a well thought out pre retirement plan, which enables them to meet their expenses in the same style similar to their working period. The important point is that a retirement plan is as crucial as your other priorities and earlier you think about it the better your retired life.

Most people count on their gratuity and other funds deducted on mandatory basis but these are not enough. A well-planned pre retirement means you save enough in a systematic way for your retired life to have enough amounts according to your current lifestyle without having to look for another job in your old age, which again is not an easy job. Most people suffer from different old age related diseases, which also make it difficult to opt for a job allover again.  

Planning

Retirement planning is more important in current circumstances when nuclear families are increasing and grownup married children are also having their own responsibilities and not able to take as much care as they used to do a generation or two before. Therefore, if you do not wish to depend on your children in future, plan your future now while you have options.

Estate planning

Estate planning means the proper distribution of your property because by the time your retirement age you have immovable and movable properties like house, lands, jewelry, provident fund, gratuity, fixed deposits and hard cash . You have to take care of your credits by the time you reach to your retirement age therefore it is better to settle every issue with your siblings from whom you have to share your ancestral properties and also about your own property with your own children. It is better to settle all issues before retirement to live a happy life without any tension in your old age. 

Article Posted By : suny  On April 29, 2013lView All Articles

Suny says - think now

Article Source :

http://www.veethi.com/articles/you-should-plan-for-your-future-now-article-2121.htm

Keywords :
Retirement , Plan , Old age , Younger lot , Property , Care , Proper planning , Children