Retirement / Pension
Retirement is not a choice and being able to live by the same standard you are accustomed to is very important and makes retiring less difficult. Additionally, retirement planning doesn’t stop when you retire since retirement comes with its own set of challenges.
Planning for your retirement begins with identifying your retirement goals and how long it will take to meet them. To be able to have a solid ground in terms of finances, you must create an action plan with your retirement objectives and achieving them and review them regularly over time.
Understand your time Horizon
Your current age and expected retirement age create the initial groundwork of an effective retirement strategy. The longer the time between today and retirement, the higher the level of risk your portfolio can withstand.
Determine your retirement need and expenses
Having realistic expectations about post-retirement spending habits will help you define the required size of a retirement portfolio
Match your risk tolerance to investment goals
Finding a perfect balance between your risk tolerance and your return objective is the most important step in planning your retirement.
How much risk are you willing to take to meet your objectives? Should some income be set aside in risk-free Treasury bonds