Recently I attended a retirement party for a friend that I have known for more than 25 years. It was a great time and I was able to catch up with a number of people I had not seen in some time, plus meet some new and interesting people. To learn the Golden Rules of Acquiring Wealth, click here for free report.
Many get very excited with the very thought of retirement but with some the reaction is very negative, whenever there is a talk or discussion on retirement. Retirement is that stage of life where a working person gets a complete relief from his work and is a signal that he can stretch out his legs, resting to all glory.
Not everybody enjoys the phase of retirement. To some it comes as a thing of utter sorrow. This is for the simple reason that their and their family’s survival, completely depends on their job, and retirement puts an end to all their survival strategies. But as for today, there is little to worry about survival after retirement, as there are several after retirement plans available.
In simple words, retirement planning means making sure you will have enough money to live on after retiring from work. Retirement should be the best period of your life, when you can literally sit back and relax or enjoy your life by reaping benefits of what you earn in so many years of hard work. But it is easier said than done. To achieve a hassle free retired life, you need to make prudent investment decisions during your working life, thus putting your hard earned money to work for you in future.
As far as the age for retirement is concerned it varies from country to country. But usually it comes between the age of 55 to 72 Some countries have a different retirement age for their male and female employees. For the Americans the retirement age is 6 Retirement planning is always mentioned in the company rule books and a person joining the company knows it from the very start as to when shall he be retiring.
As days are progressing, retirement plans are turning better and better. However, it’s also true that retirees are turning their faces from pensions and proceeding towards grabbing better options. Most of the existing pension policies are available at extreme low interest rates that are in fact emerging as disasters in fetching steady income to retirees. Therefore, most of them today are preferring long term investment schemes like annuities. It has certainly proved to be one of the best cash fetching tools and has proved miracles for a post retired life. So, if you are one of them seeking out ways to improve your retired life, go for retirement annuity.