Consider the following as financial security for retirement

[Carpon]

In retirement planning, there are so many things that are very wise to do in the bid to ensure your future financial security. In this thread, I will be sharing a few of those things which one should consider when trying to secure his or her financial future before retirement.

✓ Saving: saving is one of the best ways of securing the future after retirement. When you save, you are invariably investing into your future.

✓ Investing: Another way is by investing. There are so many things that one can invest into and get dividends and returns from.

✓ Buying shares, liquidity and stocks: Before you retire, having shares and bought stocks helps you because you will have income from it and you can sell your stock or liquid asset usually at a higher price than it was purchased.

✓ Starting a business: you can draw up a brilliant business plan and begin. You mustn't run the business personally but can employ workers who will be remitting to you and getting paid for managing your business.

 

[Yusra3]

Financial security for retirement is a big deal, and it's important to think about what you could do to make sure you have the money you need when you retire.

The first thing to consider is your net worth. Do you have enough assets to live comfortably after retirement? If not, then we suggest putting some of those assets towards the goal of having more assets than debt when you retire.

Now that you know where your money will come from when it's time to retire, let's talk about how much money that means in terms of living expenses. How much money will it take for you to live comfortably in retirement? This depends on how long your expenses will be and whether or not they'll increase over time (which they might). If they do increase over time (and they probably will), then I recommend saving more than what you're spending now so that there's more money available when needed later on down the line.