We all look forward
to that day when we can just smoke a cigarette or drink alcohol and not worry
about our lives because our retirement fund is doing all the earning for us. However,
retiring with only your pension, we will have lots of things to think about. It
is important to ensure you got everything you need before you go into
retirement. Most of it are the following.
1.
Insurance
Comprehensive
insurance for seniors and retirees exist. They may cost a lot, but you should
be able to pay them during your professional years. I am working right now and
I researched a lot of senior insurance policies that can help me with any
health problems (which I do not look forward to) in the future.
2.
Stock
Investments
Investing
during your younger years, you do not only gain great wealth once you exit the
corporate or professional world, but you also gain enough knowledge to expand
your horizons in investing. Your knowledge can potentially increase the amountof profit you can make upon your retirement.
3.
Properties
If you have
invested in the stock markets, you could use your money to purchase properties
that you could use to rent out to individuals, families, travellers and people
who could not afford to buy a house. I am actually taking advantage of the UK’s
extension of Help to Buy, although I know I will be facing some tough competition
with both local and foreign private investors.
