Alexandoy
VIP Contributor
Aside from the expected pension that you will receive every month when you retire there are other expenses that you need to spend on like the rental and utilities which constitute the household expenses. In our country the maximum amount of monthly pension is only $200 which is good for the food budget for a family of 4. That means you also have to prepare for the expenses that I mentioned above.
If you have 10 years to go before retirement then that is an ample time to save for your retirement. Based on the computation of one financial adviser the amount equal to the pension can give you comfort and convenience. Now the next step is to compute the estimated years that you will leave after retirement. That is a hard one.
If you have 10 years to go before retirement then that is an ample time to save for your retirement. Based on the computation of one financial adviser the amount equal to the pension can give you comfort and convenience. Now the next step is to compute the estimated years that you will leave after retirement. That is a hard one.