You have worked very hard and after years of hard work planning your retirement. But you get a little nervous because you have heard a lot of stories of people getting retired and having no source of income. Here are a few points for you to validate if it’s your time to retire.
This is the most important thing one should consider. You should be financially prepared. There are a lot of good investment plans that you can use to live a happy retired life. Check how much your provident fund will pay you each month and what will be your expenses.
Ensure that you have no debt left to clear. You have paid off all your home mortgage and cleared all dues. During retirement you will be on a budget so paying debt at that time would not be recommended.
You have your spouse or your children who can support you if any difficult situation arises. Also, your children have grown and you don’t have to take care of them.
Many people neglect health insurance. People during this covid time have woken up focusing on their health and having health insurance. There are various schemes where you get a cover of 10000000 on paying a premium of 100000.
Ensure that you are completely satisfied with your job and are happy to leave. Ensure that you have achieved everything work-life-related and are happily retiring. Also, preplan some things to do in your retired life.
Keep reading successyeti.com
Also Read: Loving self can be the first step of finding peace
Here, check out the incredible advantages of consuming roasted chana.
Here are a few exercises you should practice to sharpen your memory
Certainly! Happiness is the key to a healthy life, so one must try to keep…
Here are the benefits of consuming chia seeds soaked in water. Check out below
Here are foods you can include in your daily diet to form six-pack abs
Here are a few major tips for the students of Journalism