Life after retirement can be quite insecure for the obvious reasons. You no longer have access to regular income to meet your financial needs and there could be serious issues if you don’t arrange for any funds before you retire. Here comes the retirement fund into the picture. As a smart individual, you are expected to create a separate fund which would take care of you after you have retired. There are different options available to you when it comes to creating a retirement fund. These days, the banks and other financial institutions have very attractive schemes which you can avail.
Excuses for not creating a Retirement Fund
You are never short of excuses! Have you created a retirement fund yet? No you haven’t! And why have you not created one? Here are some of the most common excuses which people have
Why do you need a Retirement Fund?
Let’s put it in simple terms. You need retirement fund to take care of your financial needs during the post retirement period. You don’t have to be a genius to figure out that after you have retired, you won’t have a regular flow of income and given the present economic situation, it can be very difficult to sustain without a continuous and substantial flow of income. This is where retirement funds come into the picture.
Here are some reasons as to why you should go for one immediately
Never mind how far away you are from your retirement date, it is absolutely essential to create a fund to make sure that you lead a comfortable life post retirement