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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.
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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.

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  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

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