Are you planning to retire soon? Do you want to quit your job at the age of 40? Well, that’s everyone’s dream. Some of you might be preparing for your retirement and but I know there’s still a large population that doesn’t have a retirement plan yet. In this article, I will share with you the best reasons to motivate you to start saving for your retirement and hopefully, at the end of this article, you will clear your mind and come up with better plans for your scheduled retirement.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Taiwan – February 15, 2020
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
Planning for your retirement as early as now will give you financial independence from family members. That’s it. That’s the greatest reason why you need your retirement plan now. You don’t want to spend the rest of your life depending on a family member who is younger and can do a better job than you. You wouldn’t want to ask for money every time you need to buy food or medicine. The happiest moment of your life is when you are financially independent of anyone.
You don’t know when you are going to leave the world. Life has no definite time. There are people who have a higher life expectancy. Some live until the age of 90 or 100. You will never know if you will reach that age and for everyone, that’s possible. You need a retirement plan because you might have a higher life expectancy. You might experience to live in the world for a longer period of time than others. So, as long as you can save up money to enjoy those times, do it now.
As you get older, your health becomes riskier. You can’t avoid getting illnesses. It’s better to prepare for what you will get when you get older. Expensive medical costs await you when you retire. As early as now, you should prepare for the costs you are going to spend on health care. You should also take care of your health while you are young.
Retirement plans are cheaper to buy when you are young. That’s one thing you should take advantage of today. As you get older, retirement plans become more expensive. If you have plans to get your plan from insurance brokers, you should start searching for a good provider now and see if you can afford the monthly premium. While the cost is cheap, get it. It’s easier to manage your budget with an affordable retirement plan.