Retirement is necessary issue in service life. No one knows what will happen after retirement. It has been a confusion always when we should start our retirement planning. It seems that it is too much time and it is too early to start planning. What should we do? When should we plan? How should we plan? This is a big question. I invite all available here to discuss on this issue the what can be included in retirement planning and how we should plan.
When?
All employees should commence preparations and planning for retirement effective from the date of assumption of duty. Apart from employers fixing the retirement date and maximum length of service, individual should determine how long they wish to serve.
What?
There is the need to plan for what you will be doing after retirement; voluntary service, consultancy etc,
Where to leave (Location),
Retirement accommodation,
plan your will (inheritance) never die intestate, and
plan also to die peacefully.
How?
Plan within your retirement income (Pension)
Spend within your income
Adjust to current reality of retirement life, and
Plan to exercise and remain healthy.
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