Which plan is the best to use when creating your retirement plan? I have learned that the earlier you start the better. I wanted to start this year but I am struggling to decide how I should plan.
Retirement plan
- Thread starter Fire&Rain
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If you are an employee, a retirement plan will be made since you started working, but if you are a freelancer or businessman then you have to make a retirement plan independently, first determine at what age you will retire, How much money or asset value you want and must collect when entering retirement age, how old are you now, and how much time (years) do you have to collect money. How much is your income and expenses per month. Answer all these questions and you will easily make a retirement plan.
This includes setting your retirement goals, estimating the amount of money you will need, and investing to grow your retirement savings. Every retirement plan is unique
eLdavis
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Starting early is always the best way to go about it. People tend to make the mistake of waiting till they reach a particular level, but it's best to start early.
Here it is difficult to plan for retirement because government agencies are robbing the savings of some citizens without a court order or legally valid reason.
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I think the best retirement plan would be buying a house with a commercial value. You will save money on rent as well as earn passive income
I am facing similar issues and still haven't started but I guess if we can go for any popular Retirement plan then it would be fine as they calculate everything including inflation
