Each person will be retired. And that is the moment that you will face. Retirement is the time when someone is no longer active. And it’s very logical to prepare to get into pension age by setting up a pension fund. Of course, outside of retirement facilities provided by the company. This preparation includes a variety of areas including psychological, mental, spiritual, health and financial.
In financial terms, you should prepare retirement are as follows:
1. Saving your money
At least you have to make allowance for retirement fund for 25 years. You can find about annuity rates.
2. Calculating the necessary funds
It is necessary to determine how much money should be set aside or invested each month. You will need to specify a desired lifestyle during retirement.
Protect yourself and your family with health insurance. Today many insurance companies (life) offer life insurance products that provide retirement benefits as well.
4. Side business
In addition to savings and insurance, pension funds can also be obtained by opening a side business. Opening a side business can be very profitable. By opening a business, can be obtained great results faster. However, running a side business of course is not free of risks, especially financial risk. The possibility of loss will always be there.