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Retirement
When should I start planning for retirement?
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[QUOTE="Rachael, post: 216673, member: 68963"] You can start planning for retirement at any given point in time. The most advisable point is when you start having a means of income no matter how little it is. Retirement plan is a conscious decision that requires a schedule and action to be followed consistently. However, the economic condition has made it difficult for low income earners to save or invest towards retirement. It is therefore useful if you source for a way of livelihood. There are many retirement planning and this depends on your level of income and how you envision your retirement age to be. Some people even go as far as planning for their demise by saving and making the necessary plans towards it because they do not want to be a burden to others. Retirement plans like; saving for health, insurance, feeding and for the total welfare can be planned by having a savings account which is strictly for the purpose of retirement. Also, investment in stocks and shares, investing in banks and investing in real estate properties by purchasing lands, reselling them when the value appreciates and building on them to rent out to tenants is also a way of securing your retirement age. [/QUOTE]
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When should I start planning for retirement?
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