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What is a Retirement?

A retirement is an act of ending your working or professional career.

What is Retirement investing?

After retirement, the individual can use his fund present in this Individual Retirement Account IRA for investment to earn earmark funds for retirement savings. There are several types of IRA’s, 1) Simple IRA’s, 2) Traditional IRA’s, 3) Roth IRA’s, 4) SEP IRA’s.

You can enjoy a comfortable and safe retirement life by choosing this following Six rules sooner rather than later,

Rule 1:

  • Understand your investment option. A variety of options are available from different sources.
  • Options for investment can be from your employer side or from banks or brokerage.
  • Look into your choices, understand the rewards and risks involved in the investment and then take a wise decision of investment.
  • A common retirement savings instrument include 401(k)s, defined benefit plans and individual retirement accounts.

Rule 2:

  • The first and foremost role in saving is that you must start it as early as possible. By which you can get the benefit of the compounding interest that the agency offers you.
  • If you invest $10000 when you are 20, this amount will grow at an interest rate of say 5% per year then, at the age of 65 you will get returns of $ 89,850.


Rule 3:

  • Do your calculations add your assets, subtract your liabilities and calculate your net worth.
  • Knowing your net worth every year, will help you to achieve to aim at your goals in a positive and strong way.
  • When you are keen on your goals, you can write it down and the budget needed for . If you analyze your net-worth well, you can easily know when you will be able to reach your outlined goals.

Rule 4:

  • Please keep a check on your emotions as, emotions sometimes may affect your savings.
  • Be- realistic, learn from your mistakes and successes and maintain a balanced portfolio.

Rule 5:

  • Please keep a check on your fees and your spending, which will erode your savings.
  • Find other avenues of investments if, fees are excessive.

Rule 6:

  • You can get help whenever you need. There is no excuse for failing to prepare.
  • Consult a good financial planner or other professionals and then plan your investment wisely.


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Ojaswita Pandey
Ojaswita is a Content Writer at Paisa Matters a Financial Advisory and an MBA in Finance. She reflects traits of personality including ambition, and quality of generosity and thoughtfulness. She is motivated by her interest for learning and succeeding as she strives to become an outstanding and successful woman in the society of present age. Her definite goal of becoming a wealth manager for banks becomes her lifetime achievement besides living with a motto of “Live and let Live”.