Retirement is a time of relief after years of strenuous work and rush. In fact, it is one of the most important phases of life. Retirement gives you the opportunity to live for yourself and takes the burden of responsibilities off your shoulders.
But, an effective retirement planning is a prerequisite for an ideal retirement life; and this planning has to be done long before you actually retire.
Retirement Planning in London not only involves deciding upon what you will do to spend your time or what you will involve yourself in after retirement but also making some provision for saving enough funds that ensure a smooth life after retirement.
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Remember that money is a thing that you would need as much as you require it now, to maintain your and your spouse's life and nurture your interests after retirement.
Retirement planning is an art that requires intelligent planning at the right time. The sooner you invest your money for retirement funds, the lesser would be the amount of monthly installment. But, the total fund you received on retirement would be much large.
It is better not to rely on the retirement fund or pension funds in case you work for some big private firm or a government department.
This is so because there are good chances that these funds fall short of the amount you would be requiring in order to live your dream life your way.
Preparing the retirement funds may be requiring decades of investment. But, in case the return on investment is small, it would not cover inflation.