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Planning a retirement at early is a good choice

Sep 13th 2014 at 12:23 AM

Retirement is one of the most important chapters of life and after retirement, a new phase of life begins and it would be no wrong if it can be said the last phase of your life. Everyone wants the last phase of life to be passed with a great amount of mental peace, harmony and financial freedom. Also retirement is an important event for a whole family since the virtue of a family depends on how smartly you have planned your retirement. Thankfully, today there are many financial tools available through which you can better plan your retirement and spent the rest of your life with a financial independence. The pension schemes provided by various banks and financial institutions are one great way to keep the income coming even when you stopped working. This income will not only be beneficial for you, but also for your family.

Financial options available post retirement

Annuity and Super Annuity: It is one of the best financial options available these days to better plan your retirement. The annuity is the accumulation of your funds that you have earned while working in earlier years. Since a small part of your salary or income was being accumulated over the years and make a financial pool for your better financial future. The super annuity is yet another form of long term lump sum payment that you can collect after the retirement. The annuity and super annuity funds are tax free up to certain limits based on the different tax system for different countries. The most beneficial part of the annuity is that you can withdraw a part of the accumulated fund in lump sum and rest you can get in monthly pensions. This provides you the flexibility to full fill your financial desires at the right time without seeking for any other financial help. You may seek for a good annuity advice before investing on Annuity funds to get the better returns after your retirement.

Equity and Debentures: Equities, debentures and bonds are the best available financial tools if you want to grow your money faster for your retirement. Though, investing in equities and bonds requires lots of thinking and financial knowledge because they are high risk financial tools. Also, when investing in the equities, you also need to consider the future global financial scenario and for that you must need an advice of a financial expert before you invest. Most of the financial Gurus refer equities as a long term investment tool for your financial planning and they also advise not to invest a whole lump sum amount in equities at once rather make small investments at regular time intervals. This will give you a financial liberty and also lessens your financial risk of losing money in the adverse market situations.

About The Author:

This article is written by Matthew R who is a specialist ‘At Retirement’ Adviser. RetireRight are a trading style of Arthur Browns ltd who has been offering financial Advice since 1932.

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