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Face Your Future Challenges with the Right Pension Plan
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Face Your Future Challenges with the Right Pension Plan

V. Stoica's avatar
V. Stoica
May 14, 2021
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Face Your Future Challenges with the Right Pension Plan
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Every person owes himself and his loved ones a vital financial obligation through a pension plan1. When households strive to retain their living standards throughout retirement, pension plans are more relevant than ever. Policymakers and governments must consider the benefits and disadvantages of their schemes to ensure better long-term results for potential retirees. All who neglect it would have a lot to regret when the bank's money supply runs out. With longer life expectancies and rising costs of living and healthcare, retirement pension planning should be prioritized.

The earlier you start, the better is the benefit

You should start your retirement planning earlier. Set aside some money for your retirement from receiving the first salary. Increase your contributions as your salary/income rises over time.

Equities are crucial

Studies have shown that equities can add substantial value to a portfolio over time relative to other assets such as fixed deposits, shares, gold, and land. So,…

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