The Flexibility to Deal with Changes - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

The Flexibility to Deal with Changes

Unforeseen illnesses, the financial needs of your dependents, and the uncertainty of Social Security and pension systems are but a few of the factors at play.

1

STASHED IN:

57

MORE IDEAS FROM THE SAME ARTICLE

Without a well-planned retirement nest egg, you may be forced to liquidate your assets in order to cover your expenses during your retirement years.

  • The aging population is causing fewer contributors.
  • More people are retiring due to increased longevity.
  • Corporate collapses, such as bankruptcy of Enron negatively affect private pension plans.
  • Defined pensio...

Old age typically brings medical problems and increased healthcare expenses.

Living out your retirement years in comfort while also covering your medical expenses may turn out to be a burden too large to bear.

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

Growing older without a spouse or adult children means you'll need to build support who can help with your finances, make medical decisions and prevent you from becoming isolated as you grow older (extended family, trusted friends, and paid professionals):

  • Find people who will manage...

1

STASHED IN:

112

Savings and investments should be part of a monthly budget even when young or just starting a career.

You cannot save enough if you are waiting until your late 30's before thinking about savings and investments.  Then credit cards and loans will drag the savings w...

2

STASHED IN:

115

What Is retirement planning

Retirement planning is a multistep process that evolves over time . To have a comfortable, secure—and fun—retirement, you need to build the financial cushion that will fund it all. The fun part ...

STASHED IN:

3

published 2 ideas

Knowledge on Retirement planning is essential as it needs to be planned right from the beginning of career.

0 Comments