Work hard, Save Hard, Invest: Best Retirement formula?

[Etini Willie]

Retirement is what everyone should plan for. It is a perceived point where you are no longer working with the same vigor that you once had. At retirement, your earning potential is limited. Some organizations pay their staff little stipends that can barely sustain them in the name of pensions. So when you are planning for retirement, they tell you to work hard, save hard and invest. Is that the formula to survive the vicious financial tide of retirement? If you combine these three variables, are you guaranteed a financially secure retirement? Let's delve into it and examine it closely.

I think this formula for a happy retirement is true in a way. You have to work hard so you can have enough funds to live by and meet your basic needs. Apart from meeting your basic needs, you also need funds to invest. Let's consider savings. You indeed need to save hard. But you don't need to save for retirement. No matter how much you save, one bad situation can deplete all of it. It is better to invest as a financial safety net for retirement. Investment replenishes funds no matter the level of expenditure. The investment just has to be strategic logic and properly managed.

 

[saoussen5765]

You have to familiarise yourself with new revenue and reduce expenses progressivelly.

 

[Knowlopedia]

Most senior citizens retire with a variety of assets like their homes, investments and Social Security income. They can also take advantage of other advantages like having no mandatory withdrawals and living longer with the same monthly income.

While it is recommended that people save at least 10 percent of their yearly salary for retirement, most people still struggle to set money aside because they'll have to work much longer than they thought.

 

[Bisolami]

Retirement is what everyone should plan for. It is a perceived point where you are no longer working with the same vigor that you once had. At retirement, your earning potential is limited. Some organizations pay their staff little stipends that can barely sustain them in the name of pensions. So when you are planning for retirement, they tell you to work hard, save hard and invest. Is that the formula to survive the vicious financial tide of retirement? If you combine these three variables, are you guaranteed a financially secure retirement? Let's delve into it and examine it closely.

I think this formula for a happy retirement is true in a way. You have to work hard so you can have enough funds to live by and meet your basic needs. Apart from meeting your basic needs, you also need funds to invest. Let's consider savings. You indeed need to save hard. But you don't need to save for retirement. No matter how much you save, one bad situation can deplete all of it. It is better to invest as a financial safety net for retirement. Investment replenishes funds no matter the level of expenditure. The investment just has to be strategic logic and properly managed.

I think I have to agree with you that this is the best retirement plan so that at the end of the day, when you grow old, you will just relax instead of working and working

 

[Nightmare]

Save hard, work hard and invest is a good formula to make use of when planing for retirement.
just as explained above these three terms need to be used in such a way that the magnification of retirement is been maintained.
I would like tp dwell more on "save hard".
When saving for retirement, you need to sensitive, in the sense that there have to be an equilibrium between low and high saving.
To save for your retirement isn't actually like your normal saving, but rather consider it to be a superior saving, which ought to be handled with Dedication.

 

[Augusta]

That's the right formula for anyone that wants to retire whether early or not you need to keep on using this formula to be able to win at life even at retirement.The truth of the matter is that retirement isn't a time to wallow in self pity it is still a time to be active.

in fact, retirement is that time to do those things that you never had the time to do. So before retirement it is pertinent to save money and go on a vacation when you retire. As you had worked hard so it is good to play hard after retirement.