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Retirement
Should i save my pension for better future
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[QUOTE="Mika, post: 228537, member: 29399"] You need to remember one simple truth about a pension. Pension is the money you receive after retirement. Even though some companies have the provision to give your entire pension money, pension is most case received just like salary, every month, or every 3 months, or even every 6 months. By the time you retire and become eligible for a pension, you will be at least 60 years of age. In my country, you will have to retire after 20 years of working or by the time you reach 60 years. When you are 60 years of age, do you think you are capable of doing business? Well, you might be very healthy for your age, and capable to work long hours, but think another way around, what if your business failed and you lost your investment. Now, you are not in a position to pay for your food or pay your bills. You should never start a business after retirement by using your retirement funds. I think the safer way is to put your money in an interest-bearing account and earn interest in your savings. Likewise, if your company does not have provision of pension, you should start building ip your pension funds. [/QUOTE]
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