Carpon
Valued Contributor
The ample benefits of retirement planning can never be over emphasized. Indeed it plays vital roles in the lives of retirees. Failure of having such on ground also have its own attendant implications which should make you plan. Here are some of such gruesome and harmful implications.
✓ Personal financial risk: failure to get yourself and future after retirement safeguarded will certainly place you in a state of risk financially. Planning helps you in securing it while lack of planning means it is left unsecured and that is indeed risky.
✓ It depicts folly: when you fail to plan and eventually become financially risked, it will be used as a yardstick to mock you as that depicts shear folly and Lack of wisdom and of course no one wishes to get mocked.
✓ It also risks you property and life: when you don't plan and end up in financial crises, you may begin selling all your valuable properties and that is when you see people selling even their houses and many other things. They put themselves in debts that can eventually risk them their lives.
✓ Bondage to debt: when you fail to plan, you plan to fail. When you do not have plans, you are putting your self at risk of getting into debt and you will soon be bound by it and become a slave to debt.
✓ Personal financial risk: failure to get yourself and future after retirement safeguarded will certainly place you in a state of risk financially. Planning helps you in securing it while lack of planning means it is left unsecured and that is indeed risky.
✓ It depicts folly: when you fail to plan and eventually become financially risked, it will be used as a yardstick to mock you as that depicts shear folly and Lack of wisdom and of course no one wishes to get mocked.
✓ It also risks you property and life: when you don't plan and end up in financial crises, you may begin selling all your valuable properties and that is when you see people selling even their houses and many other things. They put themselves in debts that can eventually risk them their lives.
✓ Bondage to debt: when you fail to plan, you plan to fail. When you do not have plans, you are putting your self at risk of getting into debt and you will soon be bound by it and become a slave to debt.
