This article was extracted from RinggitPlus, dated 18th Aug 2022. Click here to read the full article.
Retirement is often referred to as the “golden years”, and it brings to mind a phase of life that is filled with complete respite and comfort. It’s a time when you reap the fruits of your hard work over the past decades – and just enjoy the good life as it should be lived.
But here’s the thing: it takes more than just being dedicated to your job to obtain a comfortable retirement. Instead, it often involves a good deal of planning, particularly in terms of ensuring that you have the monetary means to sustain yourself during your retirement – so it pays to start early when you’re still young. This is especially as you consider matters like inflation and the rising cost of living – both of which can undermine the vision of a happy retirement.
Even more interestingly, the new generation of employees are also beginning to redefine and embrace new concepts of retirement, such as exploring the possibility of retiring earlier or even semi-retirement. Here’s a look at some other variations of retirement, along with five key things that you must consider in order to retire comfortably.
As mentioned earlier, planning for your retirement is not a process that can be taken lightly; the earlier you begin, the better – especially if you want to ride on the benefits of compounding interest to grow your retirement funds. So make the most out of your investments, and start today!
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