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Retirement
How to plan for retirement if you are self employed?
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[QUOTE="Alexandoy, post: 229573, member: 25510"] I was a regular employee of a big corporation that I was able to build up my retirement plan in the government program. However, when I was 55 a friend who is working in the government office that handles the retirement advised me to continue paying the premium so that I would have a bigger pension. That time I was with a non-profit organization that has no policy for the retirement program. I made some computations that if I pay monthly for 5 years I would be receiving a higher monthly pension. My computation yielded that the difference is very minimal. What I did was to save money in my bank account instead of paying the premium of the retirement policy. When I finally retired and started receiving a smaller monthly pension it is all right because I have a substantial money in the bank that I had saved instead of giving it to the government. [/QUOTE]
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How to plan for retirement if you are self employed?
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