Why you must never retire without planning

Carpon

Valued Contributor
I think that one of the greatest mistake a worker with the certainty or retirement will make is to wait for his or herself to retire without having a working or better still a workable plan on ground. This will have so many huge negative consequences on that person and it can range from being not only financial but psychological, physical and relationship effects.

✓ Financial reasons: you must not retire without a plan because you know that your source of Financing is your job and at the time of retirement, your job will end and that means you will not get paid any longer. Failure to plan on how to take care if yourself and your needs will mean putting your self in the more financially.

✓ Psychological and physical reasons: as explained above, you need to plan so as to get ways you will take care of yourself. If you fail to plan that will mean that you'll certainly be in a financial loom and that has some effects on your psychology. Physically, you will notice so many changes which may result from poverty and lack of peace of mind.

✓ Relationship reasons: to maintain your relationships, you need to stay financially okay or grow not get down on the ladder.
If you do not plan and eventually get into poverty, you will discover that your then acquaintances will be strangers when they see you.

It is very horrible when you fail to plan. Take a step of planning to avoid getting into such harsh situations.
 

Etini

Valued Contributor
It's important to plan for retirement for a number of reasons. First and foremost, it ensures that you have a financially secure future. Without proper planning, you may not have enough money to live comfortably during your retirement years. In addition, planning for retirement allows you to think about and decide on your retirement goals and how you want to spend your time during this phase of your life. It also gives you the opportunity to set aside money for any potential healthcare costs that may arise. Overall, planning for retirement is crucial for a happy and successful retirement.
 
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