How to spend your pension wisely.

[Janita]

It depends on you that how you used it and spend it but my opinion will be e to you is that do start a little business it will be a great and really profitable for you and it will be a source of income for you at any age you might be needed for some things in the coming years on life so it will be a source of income when you need it starting a small business is really profitable in this you can buy car how's whatever you want but I think you should start a business to shelter yourself.

 

[HIFSA LAHORI]

You can use the passion well by doing various activities. Take the car if you need it or not. Business can also be done but if pre-set then what is needed. If you want to build a house, make it, but if there is a house, then let it be. Yes, but one thing you must do is spend all your less time working, then you have the right to go on vacation. Now are your days of rest and days of relaxation. So definitely go for a walk.

 

[Victor72]

there are many ways to spend your pension but as for me I believe the best way for you to spend your pension is by investing it on a good business which will last forever, one of the business I suggest you should spend your pension on is real estate business

 

[Samson19]

In every retirement workers they should know how to spend it wisely.
1. Create a realistic spending plan.
2. Determine a withdrawal strategy that's right for you.
3. Be mindful to the unexpected
4. Determine a withdrawal strategy that is right for you.

 

[gnasrullah53]

Pension is the money which is paid to the person who is retired and in his old age saving.wisely use of pension saving is that to start some kind of business in which you got profit and increase your money to save your life and the future of your family.

 

[Muhammad Arslan]

You run the risk of running out of money after retirement if you take a lump sum, available to around a fifth of private-industry workers protected by a pension. But if you prefer monthly payments and die unexpectedly early, you and your heirs are going to earn even less than the alternative lump-sum.

 

[M kashif]

Get different ideas . try to polish them..try to make a full plan how to start a good business which provide you full benefits.. invest your money which provide you business.invest your money in real estate

 

[Dowenship]

Pension money must av come after buying all those things you talked about, you don't use mention money to build house, by cars or buy unnecessary things after you clocked 60. Money look that can be reinvested to yield more profit.

 

[Yaqoob Habib]

You just have to be very prudent when spending your pension funds especially if you don't have any job doing after retirement. You can invest part of your pensions in stocks, and so many other profitable investments in other to yield more profit.

You are absolutely right that When you receive the amount of pencil, you should invest some part of it as it will benefit you a lot. It is not enough that you invest all your tension, you invest some of it through which you can earn a lot of profit.

 

[Princeeffiong]

Pension is the money that is being paid to you after serving a government or an agency for a certain number of years. After your retirement, your gratuity will be paid to you, after which your monthly stipend called pension will begin to set in every month. It not to pay school fees or house rent but the enjoy your life till when you will die.

 

[Mawome]

Investment is what I advise pensioners to go into, I tell you it's a very lucrative business that can fetch you money any time any day, imagine buying Bitcoin now with your pension money, before the year Runs out you would have made hundred folds of your initial investment.

 

[Jimmie150]

Spending ones pension wisely is a very great topic because I have heard of so many failed retirement plan but u think that shouldn't be the case if they planned their spending properly even before retirement.

Post automatically merged: Mar 27, 2021

The popular saying goes as he who fails to plan, plans to fail with this it is very important for someone planing retirement to plan how to manage his or her retirement funds properly in other to be comfortable in his or her dealings.

 

[emmitus]

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 ?

Post automatically merged: Mar 27, 2021

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 ?

 

[Spicywilfred]

The best way to spend your pension is to first invest. Investment will bring more cash flow for you. if u decide not to invest or do a business u might want to minimize spendings till the next pension is paid.

 

[Victor001]

Always save for raining days, don't push all your funds into iñvestment, not all investment generates profit,so it's wise to invest small and save more.

 

[Victor72]

The best way for you to spend your pension fund is by investing your pension fund in a very good business. This is the only best way you can spend your pension fund.

 

[Kelly5]

To spend your pension wisely, always prioritize your spending habit for each month before and after collecting you pension. Don't always spend beyond your means, that will not go well fo you in the long run as a pensioner

 

[Richard92]

The best way to spend your pension wisely is by investing your pension. When you invest your pension you tend to make more money out of such investments.

 

[Bigabigs]

Since it is pension and probably the only avenue and means from where you get money from, you should be careful not to go into the habit of borrowing and collection of loans. These two habits should be avoided if you really want to make proper use of your pension

 

[Mostee501]

From my point of view, i think using the pension funds to add up in your already setup business and to solve petty house problems. For those financially buoyant enough can use theirs for vacations.