What is the best way to save for retirement? This question is imminent because of the need to save for old age when we will not be able to perform actively as when we were younger. So I invite others to come comment on this.
Connect with like-minded individuals, ask questions, share ideas, and participate in discussions on a variety of topics.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
What is the best way to save for retirement? This question is imminent because of the need to save for old age when we will not be able to perform actively as when we were younger. So I invite others to come comment on this.
Actually for me the best way for me to save for retirement depends on your financial situation, risk tolerance, and goals. Common options include employer-sponsored retirement plans such like individual retirement accounts (IRAs), and investing in a diversified portfolio of stocks, bonds, and otherRead more
Actually for me the best way for me to save for retirement depends on your financial situation, risk tolerance, and goals. Common options include employer-sponsored retirement plans such like individual retirement accounts (IRAs), and investing in a diversified portfolio of stocks, bonds, and other assets. It’s important to start saving early and consistently, and consider seeking advice from a financial advisor to tailor a plan to your specific needs.
See lessTo safe for retirement, there are so many questions that you need to ask yourself and there are so many steps that you also need to take into consideration. There are so many variables to consider. How much will you need for vacations? Could you end up facing big medical expenses? What age will youRead more
To safe for retirement, there are so many questions that you need to ask yourself and there are so many steps that you also need to take into consideration. There are so many variables to consider. How much will you need for vacations? Could you end up facing big medical expenses? What age will you stop working entirely? How long will you actually live? how much can I save monthly? How much will this savings be before my retirement?
You will also need to do the following 1.set your retirement saving goal
2.Calculate your retirement needs
3. Determine your monthly savings rate
4.Open a retirement account mainly for retirement savings
- If you are not a government worker or possibly you are self employed you can save your money in retirement companies around or possibly buy shares in bigger companies and also set aside accounts for savings
See lessRetirement is a time when we will be so old. If children are good or active, they may help us in this critical moment. But you should not wait for that chance. It may be changed completely. You should save some thing for that coming days. You can save money as soon as when you are an employee. I thiRead more
Retirement is a time when we will be so old. If children are good or active, they may help us in this critical moment. But you should not wait for that chance. It may be changed completely. You should save some thing for that coming days. You can save money as soon as when you are an employee. I think the best method is “You should save a fixed budget per month so that you cannot face any trouble moment in future.” That savings should be the secret between husband and wife lest your sons or daughters should take away the money(as the world is no more like before).
See lessWhen it comes to saving for retirement, I think the best would be to have an investment or business that would generate passive income for you. No matter how much you save, I doubt it would ever be enough, especially when it comes to unplanned Situations where you might have to spend. Having a sourcRead more
When it comes to saving for retirement, I think the best would be to have an investment or business that would generate passive income for you. No matter how much you save, I doubt it would ever be enough, especially when it comes to unplanned Situations where you might have to spend. Having a source of passive income is the best option. Investing in things like real estate.
See lessSaving for retirement needs to be taken seriously because everyone needs to have money especially after retirement and old age. it is good to have a specific account or a separate account from what you are using for your regular savings. You map out a certain percentage of the money for your retiremRead more
Saving for retirement needs to be taken seriously because everyone needs to have money especially after retirement and old age. it is good to have a specific account or a separate account from what you are using for your regular savings. You map out a certain percentage of the money for your retirement funds. You have to be disciplined too not to withdraw any money from it till your retirement. You would be surprised at the end of the day how much you have saved overtime.
See lessSaving does not give you a good returns, therefore, even when you wan t to build retirement funds, you need to avoid keeping money on saving account. In my opinion one of the best ways to build retirement funds is buying endowment life insurance plan. You can pay premium fore 15-20 years and once itRead more
Saving does not give you a good returns, therefore, even when you wan t to build retirement funds, you need to avoid keeping money on saving account. In my opinion one of the best ways to build retirement funds is buying endowment life insurance plan. You can pay premium fore 15-20 years and once it matures you will have size able amount that you can use for paying your bills after retirement.
See less