Why you should plan to plan ahead for retirement.

  • Getting stuck in the savings mindset.Saving should be formed as a habit. The amount saved can be increased over time.
  • Medical emergencies. With increasing age comes more health problems. Medical claims might not always suffice.
  • Inflationneeds to be taken into account.
  • No state-sponsored pension plan.Not all countries have state pensions or social security benefits.
  • Fragmentation of nuclear families.  With fewer children per family, retirement should be planned without help from your family.

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5 Reasons Why Retirement Planning Is Important

5 Reasons Why Retirement Planning Is Important

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