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Retirement
Do I need to save for retirement if I have pension?
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[QUOTE="Caramelle, post: 208218, member: 150"] [JUSTIFY]Pensions are usually not enough to afford a comfortable life in our retirement years. We have to supplement it with passive earnings from investments and properties. We need to have money set aside for emergencies because life is full of surprises at whatever age. You will likely still need to have your property or home fixed at some point. One or two family members might still need your financial help to help them weather unfavorable circumstances. Making it a habit to save money regularly while you are still earning actively should form part of your retirement preparation. The retirement age is also the time when our bodies are no longer as robust, a time when we have to spend more on medication, supplementation, or hospitalization. While state healthcare can pay part of the bill, it will be helpful to have healthcare insurance that will allow us to seek treatments and procedures that are not covered by the government's health benefits plan. Healthcare plans are most useful at this age, and if one can afford them, it would be very beneficial to secure one at a younger age when premiums are lower. Many healthcare plans cover treatment for dread diseases and have provisions for pre-existing conditions. [/JUSTIFY] [/QUOTE]
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Do I need to save for retirement if I have pension?
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