Skip to main content

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.
Labels:

Comments

  1. Unknown27 February 2018 at 10:55

    Thanks again, excellent information.

    ReplyDelete
  2. Unknown27 February 2018 at 15:08

    This was great and much needed information. Can’t wait for the follow up if there is one!

    ReplyDelete
  3. Unknown27 February 2018 at 15:46

    This comment has been removed by the author.

    ReplyDelete
  4. Unknown27 February 2018 at 16:19

    Excellent information! Retirement planning is critical

    ReplyDelete
  5. Unknown28 February 2018 at 10:48

    You will be surprised to know that a lot of people are not prepared for retirement. Sharing this information will help! Thank you!

    ReplyDelete
  6. Unknown28 February 2018 at 19:12

    This info gives u a lot to think about! Thanks for the insight! Looking forward to more... 👍

    ReplyDelete
  7. Amber Yogini7 April 2018 at 21:00

    Thank you sharing such pertinent info.

    ReplyDelete
  8. Unknown7 May 2018 at 04:36

    This is some good information!

    ReplyDelete

Post a Comment

Popular posts from this blog

Amazing explaination of crtical illness

This is an amazing video that explains the benefits of critical illness coverage. Critical illness policies pay the entire coverage in a lump sum payment, and only pay for the first illness. It is important to acquire adequate coverage .
Post a Comment
Read more

A simple budget to increase savings

      . Budgeting is about control          . Understand what's your true monthly income     . Think emergency fund     . List all monthly expenses
1 comment
Read more

How to reduce debt

There is no miraculous solution to eliminate debt, it comes with hard work and determination. Just like an athlete you have to practice good habits continuously. Here are a couple tips to get you started.
Post a Comment
Read more