As for me I believe my pension will be enough for my retirement but if you think your pension will not be enough for retirement I suggest you start up is small-scale business
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Pension as we all know is a little percentage of your basic salary while in active service,though the money cannot be compared to what you were earning while in active service,but it has to do with an adjustment of lifestyle.Generally, a pension fund is not enough to cater for a pensioner for the rest of his life. However, it depends on the level of job he or she was in before the retirement. If the pensioner from a reputable company as a high level officer, no doubt the pension will suffice. This is according to my country though. Don't know if it is different elsewhere.
The only pension that I trust here is the government's pension which is only $200 monthly as the maximum. Obviously that cannot be sufficient for a middle class like me even if I am frugal and simple in living. Food is getting expensive every year and in a few years the pension will be worthless.I am fortunate that I have some savings to tide me over when the pension is consumed. How about you, have you prepared for that situation when you cannot work anymore that could you maintain your standard of living?
I don't think pension money can be sufficient to maintain any one standard of living getting that is why you need to establish business before retirementThe only pension that I trust here is the government's pension which is only $200 monthly as the maximum. Obviously that cannot be sufficient for a middle class like me even if I am frugal and simple in living. Food is getting expensive every year and in a few years the pension will be worthless.I am fortunate that I have some savings to tide me over when the pension is consumed. How about you, have you prepared for that situation when you cannot work anymore that could you maintain your standard of living?
Like it is always the appropriate thing to do,is to get someting on the side forst and nurture it while you are doing you paid job.You can use that period to gain the necessary experience you would need in the business when you retire.It is mostly nt enough to start a business bt one can help himself by havibg multiple sources of income now dat u stil have d strength to.u mustnt wait til u get old before tinking abt pension.u can start saving sometin little into a life tine harvest kind of investment now dat u av enough
I haven't started a pension plan yet.The only pension that I trust here is the government's pension which is only $200 monthly as the maximum. Obviously that cannot be sufficient for a middle class like me even if I am frugal and simple in living. Food is getting expensive every year and in a few years the pension will be worthless.I am fortunate that I have some savings to tide me over when the pension is consumed. How about you, have you prepared for that situation when you cannot work anymore that could you maintain your standard of living?
I am trying my best to ensure that my pension sustains me after retirement.The only pension that I trust here is the government's pension which is only $200 monthly as the maximum. Obviously that cannot be sufficient for a middle class like me even if I am frugal and simple in living. Food is getting expensive every year and in a few years the pension will be worthless.I am fortunate that I have some savings to tide me over when the pension is consumed. How about you, have you prepared for that situation when you cannot work anymore that could you maintain your standard of living?