Like many of us, you may dream of the day when you can stop working and enjoy a comfortable retirement. But, are you prepared for it? This checklist provides you with some important choices to consider becoming financially wiser and making better decisions through your working years and your retirement years.
The biggest challenge many of us face about investments is finding enough surplus funds. Most of the time we are engrossed in balancing our income and expenses. Drawing up a personal budget allows you to take control of your spending and find enough money to save and invest for vacations, retirement and your children’s education.
The biggest advantage of a personal loan is that it is an all-purpose loan. So you can take a personal loan to take your family on a trip to Australia, or buy the latest Sony LCD TV, or even to pay off your credit card dues. Your bank doesn’t care as to how you use the loan amount sanctioned to you.
Your existing retirement benefit plans would vary from person to person depending upon the kind of employment, saving patterns followed, etc. Before going in for a comprehensive retirement plan, it is necessary that you asses the existing retirement benefit plans and build your retirement plan around them so as to meet the required additional needs.