Road to Retirement | Insurance | Bonnie Dagher Financial Services

Road to Retirement

An Insurance Plan can get us off our worries. It may be an Educational Plan, Health, Life, Accident or Retirement Insurance Plan. Living in a country where everything is fast paced, having an Insurance Policy is a necessity. The absence of these much-needed Plans could cause you unnecessary burden. Imagine, what you would when someone in the family has a critical illness? Paying your medical bills could be worrisome and how would you manage post secondary education for your children?

Let’s also talk about insurance plans and retirement.

Retirement is not necessarily the end but a beginning. It’s no longer about stopping everything, but more about living a fulfilled life.

Retirement is a precursor or new beginnings. It is not about hanging up your boots. Apart from leading a secure existence and indulging grandchildren, you might additionally need to pick out up new pastimes, journey and give back to society, for instance through charity.

The road to retirement can begin with a few fundamental steps.

Chalk out your future plans and needs and calculate approximate costs. Remember, the need for medical assistance will increase as we age. So, total healthcare expenditure as a percent of overall income will increase, so be sure to invest in a medical insurance that will cover these potential expenses.

Budget the quantity of money that can be allotted from your current income and savings in the direction of retirement making plans. Don't forget to include other income from part-time employment or other sources.

Evaluate your current portfolio of savings and other investments and decide the potential earnings that it may generate throughout the retirement years.

This is the distinction between the amount of cash required to lead a cozy retired life and the amount of money currently available to satisfy this want.

Start you your retirement planning, with clear and measurable goals, must preferably start early, in fact as soon as you begin earning an income.
Make it a habit to of making an investment, even if it is a small percentage of your general savings, to retirement goals.
This investment can grow as you age and meet your short-term and long-term financial goals and commitments.
Did you know taking up a good Life insurance plan will include stability and protection as well as regular and assured income for the duration of the retirement years.

Every individual must leverage insurance for retirement. With disciplined investments you can be assured of a comfortable retired life and the protection you get from life insurance makes a robust retirement plan.

For more information, please contact Bonnie Dagher Financials for a no obligation consultation.

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