How to Prepare Retirement Funds for Businesspeople?

[Suba]

As businesspeople, of course we all don't want to work our whole lives, where in old age our energy is greatly reduced so that we should be able to enjoy retirement as businesspeople or entrepreneurs, so we must make a plan for retirement as early as possible, here are some ways to prepare retirement funds for a businessperson as follows:

1. Determine when to retire, for example 65 years old if you are now 28 years old then you have the opportunity/time to save for 37 years.
2. Make a Financial Plan, such as the amount of wealth/money that has been collected when retiring. how much money should be saved each month or allocate 10% to 20% of net profit for retirement funds.
3. Invest, choose the type of investment instrument that suits your risk profile and is safe, investing will also create passive income.
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[Augusta]

Calculate your estimated retirement income needs, including housing, healthcare, travel, and other expenses, to determine how much you need to save.

 

[Starmix]

The best thing to do is invest in a long-term investment that guarantees good profit. One may also, if possible, acquire a passive income.

 

[neku]

The income of business owners depends on government policy to a great extent, so it is very difficult to predict. I never imagined that I would make a huge loss despite working so hard.

 

[Springtime]

For businesspeople, when they retire, they need to think of how to handle their business. Some sell their business and make a profit so that they have enough money for retirement. Some make long term investments for future use.

 

[Augusta]

Sure one needs to choose the type of investment instrument that suits ones risk profile and is safe, investing will also create passive income.