Planning for Retirement - Part II
Benefit of Banana
Benefit of Turmeric
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Managing Diabetes
About Heart Disease
Retirement Planning
Why is Retirement Planning Important?

Retirement planning is gaining momentum and it is going to be one of the main aspects of financial planning in the future. If you don’t plan for your retirement now, it is going to be tough in the future. A licensed financial planner would be able to write a retirement plan for you and guide you through to achieve it.

A financial planner will be able to calculate your retirement figure; which must include expected returns from your savings or investment, not forgetting the inflation rate.

Recently, one of my clients asked me the difference between savings and investment. It is important to know the difference between savings and investment. Savings pose a low risk, whose returns are also low. In investment, the risk is usually higher and the income is also higher. Generally, people want the highest returns with the lowest risk. This is an ideal situation, which is unlikely to happen.

Why should you invest:
In order to achieve the retirement goal faster, investment will be a better choice than savings. A complete planning will include the assessment on risk.

  • Make sure you have enough insurance protection to cover any dreaded disease or permanent disability that you may encounter.
  • Preferrably a well-covered medical card should give you the assurance for hospitalisation and medication.
  • Keep 24 months of expenses amount in FD. If you are more than 60 years old, then you may keep 36 months cash in the bank. (This will differ according to the individual’s lifestyle and age.)



Senior Benefits Around The Globe

Loan Sharks

Fools Gold

Will Writing

 

Finally a magazine for Senior Citizens has come to the newsstand for the public to read. There are many reading materials published for children, teenagers, men and women and now, it is time to publish one for our golden people.

Although this magazine is meant for the Senior Citizens, the articles contributed are for the benefit of all. All are welcomed to write, contribute, participate and comment. This is the inaugural issue and is packed with a lot of information, activities, events, health tips, interviews and biographies. Wisdom comes with age.

Likewise, senior citizens’ expertise, knowledge and advice are valuable assets to the younger generation. Aging is not only a seniority of calendar years but also an accumulation of wisdom. As we progress technologically, the humanitarian aspect of helping people should not be forgotten.

Progression of arts and science is the acquisition and execution of knowledge and progression of age is the combination of perseverance, righteousness and sense control which produces wisdom. Age is not confined to numbers; aging is a biological process not a psychological one. So long as your psyche is strong, you do not age.

“If wrinkles must be written upon our brows, let them not be written upon the heart. The spirit should never grow old.” - James A. Garfield