The Accumulation Phase before Retirement
This might be the most important phase of your retirement plans. This is the meat of things, so to speak. The accumulation phase comes after you did your maximal computations of how much would be needed to live comfortably after your retirement. We’re not talking about a few years here; we’re talking about half a century or so.
In addition, with the current recession bogging down the world economies, is it still possible? Yes. All you have to do is to start investing in moneymaking ventures. It’s up to you; but make sure that you don’t lose money with risky ventures that have absolutely nothing backing them up. Stick to tried and tested investments. Even simple savings accounts would help. Trust funds and other such bank programs would also be of help.
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