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Pension and needs

Snazzy001

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We all know that salary would sustain an individual and take care of needs while the person still works, can it still be the same when the same person is collecting pension?
Is the pension even enough to make ends meet?
 
We all know that salary would sustain an individual and take care of needs while the person still works, can it still be the same when the same person is collecting pension?
Is the pension even enough to make ends meet?
Most times the reason why fashion yes go into business or start other works is because the pension cannot be able to meet up with their needs and expenses.
 
We all know that salary would sustain an individual and take care of needs while the person still works, can it still be the same when the same person is collecting pension?
Is the pension even enough to make ends meet?
That depends on how the person lives his or her life after retirement. Because he will now be restricted to oy his pensions without other allowances and benefits been received while at his former employment
 
We all know that salary would sustain an individual and take care of needs while the person still works, can it still be the same when the same person is collecting pension?
Is the pension even enough to make ends meet?
I don't think pension in my country could take care of any ends meet, because before you could get your pension funds you would have borrow a lot of money from people out there I guess.
 
It's self deceit to think that salary would be enough to get your expenses on check talk more of pension which is why it is very important that one should start planning for retirement.
 
In many countries , the retirement age is mostly around 60 years of age so pension is just to sustain them so I do not think the money is enough to drive through.
 
When people starts collecting their pensions and come to face the real fact that they aw no longer entitled to.office package that comes to them before, they simply adjust their life style
 
We all know that salary would sustain an individual and take care of needs while the person still works, can it still be the same when the same person is collecting pension?
Is the pension even enough to make ends meet?
Pension is generally enough to live a small lifestyle however if you want to live as you have been living then you have to ensure that you have enough saved up to be able to live the normal and comfortable lifestyle that you have had in the past.
 
Pension is a small portion of your earning that is being saved up for you by the government in a acc for you to be able to live off when you finally should retire and it can be helpful for certain people that make sure they don't overdo or spend because in as much as the pension comes all the person needs to do is spend with caution
 
The essence of the pension which is usually given to a retiree after his active years in service,is basically a small percentage of his basic salary while in active service.The pension most times does not actually solve most needs of the beneficiary but just to take care of some sundry needs.
 
Pension are not really big as it is lower than the salary that the person receives when he or she was still working. However people can still manage it to survive or engage in other works to make it up.
 
It's self deceit to think that salary would be enough to get your expenses on check talk more of pension which is why it is very important that one should start planning for retirement.
That's very true that's why many people fall victims and regretted why they will spend many years working and at the have nothing good to show for the years spend.
 
You've said it well, savings is not enough to meet needs so how would pension that is a ratio of what you saved from your salary meet needs, that's why it's good to plan investment for your salary.
 
I don't think it's even good to depend on pension to make ends meet. The best thing is just to engage in business before retirement and one most have been making money from Business before going into retirement
 
I believe it's based on how the individual makes plans and of cause spend. It would be best not to rely on just pension though as having one source of income is never enough
 
Pension plan is actually a little part of your making that's being actually conserved for you due to the federal authorities in a acc for you to have the ability to reside off when you lastly ought to retire as well as it could be useful for sure individuals that ensure they do not exaggerate or even invest since in as long as the pension plan happens all of the individual have to perform is actually invest along with care
 
Some countries do really have good pension for their retired workers, but still you need to find ways to earn passively while you are still working so as not to depend entirety on the government.
 

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