How to plan for Retirement?

  1. websclubs profile image53
    websclubsposted 7 years ago

    How to plan for Retirement?

  2. QudsiaP1 profile image62
    QudsiaP1posted 7 years ago

    Well considering inflation today, I say when you are in school and mum gives you lunch money, instead of giving it to the local bully, put it into your savings.

    On a serious note, go for saving certificates and investing or shares.

    Most people become very upset when thinking about retirement, instead of looking at retirement as an end of an era, look at it as the beginning.

  3. Brupie profile image71
    Brupieposted 7 years ago

    There is a type of investment called "target-date mutual funds."  The idea is that if you know you are going to retire in 20 or 30 years, the mutual fund is invested in higher growth, riskier funds at the beginning of the 20 to 30 years and gradually shifts to higher percentages of more conservative investments as the target date approaches.

    The idea is that you get maximum growth for the bulk of the investment period, and as you approach retirement you lock in more and more of your earnings - they are switched to investments less vulnerable to declining value. 

    Not all of these funds have lived up to their promise, but the idea behind them is sound.  You can do some of this yourself by reviewing investments annually, staying diversified.  As time marches on, move your money out of more volative equities and into high quality bonds, treasuries, and other more stable income-type investments.