How to spend your pension wisely.

[tuna89]

You need not wait for the pension before planning the rest of your life, in case you have to plan the pension, do make sure to set your priorities first in terms of importance, you may want to save some and invest some, do make sure to research on businesses that have a high buying power and not too capital intensive, do make sure to make a business plan and market survey before you finalize.

 

[Halexcity]

I'm into a business where I sell makeup kits, human hairs and some other makeover products, so when paid my pension I would invest such money into the business by buying these items and restocking my shop with them thereby I can make more profits and be able to gain as much as I can.

Post automatically merged: Feb 5, 2021

I'm into a business where I sell makeup kits, human hairs and some other makeover products, so when paid my pension I would invest such money into the business by buying these items and restocking my shop with them thereby I can make more profits and be able to gain as much as I can.

 

[Oche Diligence]

It's wise to start thinking about how you can incorporate these types of activities into your life after you retire if you want a happy retirement.
Invest for the long term. Saving for retirement should be another top priority. When investing long-term, you'll want to consider putting your priorities.

 

[Chibson]

Gratuity and pension are quite different. There are numerous ways to save your pension if you invest your gratuity wisely.I always advise people to always save when they are still working so that when they retire it will not be difficult for them.
There are numerous ways to manage your pension well, number one is cut down your expenses.

 

[Samuel77]

According to my own point of view, I believe the best way to spend your pension wisely is by invest it in a good business. Because if you don't invest, you will end up waist the money on Daily bill and the end you will be left with nothing

Post automatically merged: Feb 5, 2021

According to my own point of view, I believe the best way to spend your pension wisely is by invest it in a good business. Because if you don't invest, you will end up waist the money on Daily bill and the end you will be left with nothing

 

[Oyeleye42]

1. Minimize Your Fixed Expenses
2. Maximize your Social Security Benefits
3. Consider Some Guaranteed Income
4. Have a Retirement Spending Plan
5. Don't Ignore Tax Planning
6. Remember Inflation
7. Make Healthier Choices

 

[AmirSohail]

Always make a safe investment of your retirement income. This safe investment can also be in the form of deposits in savings accounts of banks. And that investment can be in the form of a field man investment in your real estate.

 

[Nurudeen]

The best way to manage ones pension is to use it to invest gradually. The world has now gone Digital as such it will be very profitable if you can go into crypto currency exchange Business or stock trading. These two Businesses can double your money if you have the best strategy at hand

 

[ranaabubakar263]

If you want to use the pension and you know that it will benefit you, then you should invest the money in a place where you know it would give you benefit then you should invest it where you want. It is a better idea for pension to use in a right place.

 

[Alexandoy]

For those who would receive a lump sum pension it should be invested because there is no monthly pension anymore. I remember my uncle in the US when he received his pension he and his family went to Hawaii on a long vacation to spend the money. That is the opposite of spending the pension wisely. I prefer the monthly pension because I plan to live long so when I reach 85 at least I still have the monthly pension for my subsistence.

 

[abubakar3141]

Minimize fixed costs for you. ...
Maximize the benefits for social security. ...
Consider Guaranteed Wages for Some. ...
Have a Schedule for Retirement Expenses. ...
Don't disregard tax preparation. ...
Recall inflation. ...
Enable more healthy choices. ...
Just work a little longer.

 

[Aotosyno]

To spend your pension wisely you have to invest into a lucrative business that you know you can handle because if you don't do so you might waste this pension money and this money we are talking about is not a big money as such its usually peanuts given to pensioners so it is best to reinvest it

 

[Ausaf Ali]

Pention paid to retired person for old age benefits should be received by the state department of education. Many words are written application of customer information. People like the pention schecme under the section of the numerous particular type of your home.

 

[Henrywrites]

What is pension; we all know that pension is the money paid to a retired worker either in a governments work or as a company worker.
How should we spend our pension money, is it for us to build house, buy car, go for vacation, or is it for starting business to make another source of income.
How are we to spend our pension money rightly ?

You can spend your pension and n the things that you are most comfortable about. There is no basic rules on how one should spend their pensions as what interest person A maybe quite different from what makes person B to feel happy. So, understanding this is a great move in order to know what you should do.

 

[GIFTMICHAEL]

You raised an important issue that needs to be addressed properly. Pension fund is not what they are supposed to be used to buy car or begin to lavish for nothing. I can agree to an extent about house if a pensioner don't have a house buying a house is a good decision.

 

[Thosynho]

What is pension; we all know that pension is the money paid to a retired worker either in a governments work or as a company worker.
How should we spend our pension money, is it for us to build house, buy car, go for vacation, or is it for starting business to make another source of income.
How are we to spend our pension money rightly ?

You must know that pension is just a token amount of money compared to your salary and should be spent wisely not on frivolous things but on things that could help you stay strong and healthy.

 

[Onachukwu]

Minimize Your Fixed Expenses
When you want to make your money last longer, it is imperative that you minimize your must-have expenses. These are the things that you really can’t go without. I’m talking about food, shelter, transportation, and even things like debt payments and insurance

 

[Sanusi]

In my opinion an individual that mainly thinks about spending his or her pension to buy luxurious things and he has never achieved anything that means he is not wise. so the best way to utilize pension is to use it to start business.

 

[shakky2]

spending your pension wisely will be of absolute benefit to you but it may be hard sometimes because you may have a load of contributions arising which you may find difficult to avoid.the best way to spend your pension wisely is by investing in a business which will yield income

 

[Sake]

I say best to use it for starting a business. Even just a small one so the flow of money is continuous. But to be honest? Pensioners should be enjoying their money for whatever things they want because they've earned it. It's their years of workings let's say reward. So i feel like they should enjoy the money as much as they could