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| Financial Planning |
When the age we are productive, often we forget that one day we will experience a period where we've not been strong again to work. The age of the unproductive are usually marked with age started 55 years and over. At that age, we enter retirement. While people are still productive, the period considered is still far in the future, when they unknowingly entered the age of 30, 40 and then 50 years. When starting to age 50 annual that sometimes we just realized, and it's too late. There is another perception that with the savings they had enough of their retirement fund, when in fact a lot less because our savings interest is often far below inflation so that the calculation of the cost of living retirement often is wrong.
The description below will explain the simple steps and prepares pension fund. You need to know that a compulsory component in the financial plan, including the design of the Pension Fund, is an investment and insurance. In financial planning investments aimed at achieving financial goals, on the other hand, you also need protection, this insurance provides protection against the investment process in order to reach your financial goals the goal of minimal risk. Preparation of pension funds include 2 main things
Step 1 Pure mutual funds and insurance
You can buy mutual funds for investment. Lots of options, customize with your types against risks. If his retirement is still a long time, then the selection of mutual fund shares can be so good for you e.g. to 15 – 20 years. If you are close to retirement choose safer instruments, such as a money market or fixed income so that you avoid the risk of the investment.
Step 2 Purchase pension funds Insurance
For those of you who have a type of super protective and are afraid to invest, although the type of mutual fund with fixed income, then you need other products to prepare your retirement funds. For those of you who like this type, then the best thing you can do is take the pension funds from insurance products. There are many types of insurance pension funds like this.
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