How to live beyond your last payday.

For many, retirement may seem a long way off. I have included a good example to show the true reality of your retirement income.
Let us suppose you earn an income of $10000 monthly ,at age 35 and hope to retire at age 60. Try looking at your retirement from a monetary perspective. Put quite simply you would only have 300 months within which you will be paid $3000000. An individual who is not actively pursuing a retirement plan will be faced with even greater financial shortcomings when retirement hits.

Registered annuities will pay a monthly income for the remainder of the annuitants life. It is usually a great solution for an individual to put aside small values monthly  and annuities even offer annual benefits via tax refunds. Lets take a look back at the above example. A great place to start is to consider investing 10% of that $3000000 toward your golden years . Therefore that $1000 per month guarantees you an income every month from the day you retire until the day you die.