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Personal Finance
Retirement
Work hard, Save Hard, Invest: Best Retirement formula?
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[QUOTE="Etini Willie, post: 10288, member: 468"] 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. [/QUOTE]
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Work hard, Save Hard, Invest: Best Retirement formula?
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