Growing old is a natural procedure that is bound to happen to all of us. Those who are preparing for it should know the benefits of planning a retirement fund to meet all the requirements in old age. Looking at the present times and considering your lifestyle one can easily predict the requirements for you...
Tag: pension
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Can You Manage a Mortgage on Pension?
When it comes to retirement planning one of the most common pieces of advice is to pay off your mortgage as quickly as possible. No mortgage = less financial stress. But what if you want to buy a new home after you retire? Will you be able to get a mortgage and will you be...
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Thinking Ahead for Retirement Income
When you’re working and paying some of your salaries into a pension every month, you probably don’t give it much thought. But as the time to retire draws near, there are decisions to be made on how to use the money that you’ve been putting aside in your pension over the years. How much you...
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How Much You Should Be Saving for Retirement
While many pension experts will give you ‘rules of thumb’ to save for retirement, the truth is that the kind of pension pot you will need is completely dependent upon your individual circumstances. Planning There are, however, some basic steps that you can take to start planning how much you should be saving. The most...
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Four Scenarios for Pension Buyouts
When companies are looking to downsize but would rather not lay off workers, they often offer a corporate pension buy-out (for companies in the private sector) or civil pension buyouts (for those in the governmental sector). Buyouts typically do not offer as much money as early retirement options, but they can still be invaluable to...