There are quite a few options solely meant to take care of one’s post-retirement needs. Each of these products have their own unique features that one should be aware of. Some of the investment options – pre and post retirement options which may come handy are being discussed here.
Archive for month: August, 2018
Everyone works hard and relentlessly with a dream of having to let go everything one day and retire peacefully. You achieve your goals, reach new highs every day, battle your competition, shoulder your responsibilities and walk down towards that elusive “retirement” day. What is also unavoidable is the reality that one day your monthly salary will stop. Therefore, one should start actively investing for retirement as soon as the first salary comes. The average earning years of a person is around 30 years. If life expectancy is assumed as 80-90 years, the length of retired life also becomes 20-30 years.
Planning for retirement is a must these days. Increased mortality rates can be tough due to changing inflation, life styles, and medical advancement. Investors need to decide on the right product while choosing the investments options for retirement.
Ways to access funds in recent times has improved dramatically, which increasesthe spending needs amongst us. These factors have enabled us to borrow at will and in this process we get stuck with the process of repaying it. In the recent times, the average level of household debt has increased unmatched with the rising income levels.
The most important factor in deciding whether to borrow money is YOU. Is it a Need or greed? This refers to the intention for which you are applying for the loan.
Selling a house is a huge task in itself. More so the seller will be charged a tax on the capital gains, when there is a gain on the sale of a house and need to find out ways to reduce tax liability.