Many will plan for retirement but still, there are people who want to work till they die. It sounds good. What if things go wrong? There are two things: one- your health, two- the ability to work. Your aging body can lower your immunity and can reduce the work you do. As you age, you might feel difficult to cope up with the new skills which earn your bread.
So, it is better to have a plan for retirement to set yourself financially free. “Financially free – where you don’t need to work to pay your bill and have enough assets that earn you returns for today and for the rest of your life”.
You can be financially free only if you have answers to these questions:
- How can you plan for your retirement?
- How much is enough?
- How can you know that you are on track?