Retirement planning: financial advisors can help

Plan for your retirement as early as possible so you can enjoy peaceful and comfortable retirement years.

10:03 31 July 2013

Retirement should be the best time of your life. It should be the time in your life when you stop working, sending your children to school, or paying for your mortgage. It should mean doing things you’ve always dreamt about: travelling, taking painting courses, etc.

Sadly, there may be fewer people than what you think who’ll get to have comfortable golden years. A lot of individuals approaching retirement may not be able to afford to retire at all because they do not have enough money to do so.

Make sure you plan for your retirement. You can even do this with the guidance of professional financial advisor.

A financial advisor should be an expert when it comes to retirement planning. They should be able to give you a specific action plan on what you need to do to raise the money you need to enjoy comfortable retirement. They should also be able to give you guidance when it comes to insurance and taxes. 

Ideally, you should start saving a portion of your income for your retirement as early as possible. It is better if you start when you’re in your 20’s. That way, you can accumulate money for about 40-45 years.

Retirement planning may sound very simple for a lot of people. However, committing costly mistakes along the way is very common. To ensure that you’re on the right track, consult a professional financial advisor.