Retirement is Fun If You Saved Enough
Let’s say you’re nearing seventy and you’re finally willing to turn in the keys to the old office machine. Hold on a moment, have you ever checked how much you have in the bank? How much you would be receiving over a few years, or in just one go?
Retirement plans become operational once you leave your work. Most good employers offer tax-deferred plans to their most loyal workers. You can choose to receive the fruits of your labor in one go, or you can choose to have it portions. Be careful of retiring too early though; penalties may be imposed if you do. Also, make sure that you would be receiving enough.
April 8, 2009
• Posted in: Creating and maintaining wealth
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