When you are young, it is fairly easy for everyone to put off thinking about retirement because it seems far away. The problem is that things may not go as you expected and you might get stuck in an unwanted situation in the future. No one plans to work till the day they die. You obviously want to have the dream retirement of relaxing some place with everything you want. This can only happen if you opt for retirement planning. Still not convinced? Here are some great reasons to do so:
The average life expectancy is increasing
This means that people are living longer than before and so you will need more retirement funds to survive comfortably. The earlier you start planning, the better it is for you.
You cannot work forever
Try as you might, it is simply not possible for someone to be able to work forever. Eventually, your age will cause you to slow down and accomplishing some tasks becomes difficult. It is best to select a retirement programme beforehand so you are prepared when you stop working.
It is risky to rely on social security or a pension
While retirement does qualify you for social security payments or a pension, it is not enough to give you the comfortable retirement you have envisioned. Therefore, it is best to have your own funds to supplement so you can have what you want.
Depending on your family is unfair
If you don’t plan your retirement and leave it to your kids to take care of you, it would be unfair to them. They will have to make sacrifices to pay for you and can put them in a difficult financial situation.
Due to these reasons, it is a good idea to choose a solid retirement programme for yourself to secure your future.
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