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Return To Retirement Article Archive   Search the Article Archives Retirement Planning By Smith Anderson Retirement planning is a concept, alien to many an individual. Retirement is not just about lazing in the armchair sipping the morning tea; it is something much more than that. For a comfortable life after retirement, a detailed retirement planning is a prerequisite. The process of retirement planning includes setting the right goals, making investments, sketching out a vision and working towards achieving them. To sum it up, retirement planning is all about making a financial provision for a secure future, before hitting the retirement age. The most important step in any retirement planning is the purposeful saving of money or setting aside some assets, which can derive an income at the old age. The main objective of this planning is to be financially independent. It is very important to start your retirement planning at an early age and there are several reasons to explain you as to why you should. A 2007 survey revealed that life expectancy for males and females is 67 and 71 years respectively and the figure is likely to go up with the advancement in technology. So, that only means more years to live post retirement. Then of course there are these medical emergencies which can crop up on any fine morning and as you age, health problems keep piling up. To keep a check on your health problems you have to expend on doctor’s consultation and treatments which will shell out a lot of money in those idle days when you are no more working. In many cases mediclaims would not even suffice and that is when your saved assets will step in as your savior. Also, gone are the days of joint family and the concept of nuclear family is in. So, in your old age you will need to develop a corpus which would sustain through your years of retirement, when you have no one else to depend on. For more information visit: Retirement Planning Community Living Retirement

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