Avoid these three mistakes when it comes to Retirement Planning

Avoid these three mistakes when it comes to Retirement Planning

We are all aware that retirement is inevitable. It is a very important phase of your life which requires careful planning and thought since it is one goal for which you are not going to get a loan. However, one always feels there is plenty of time for retirement and hence planning for it takes a back seat.

 

Retired life can be a joyful phase in your lives, filled with abundance and time to fulfill some long-suppressed desires, provided you plan much in advance. The list of mistakes one makes when one plans for retirement is quite long, let us look at three of them today.

 

Our latest article, published on Money9.

 

https://www.money9.com/news/investment-planning/retirement-planning-avoid-these-mistakes-91692.html



Image credit: Money9



Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

 

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Go beyond financial planning for a happy retirement

Go beyond financial planning for a happy retirement

All of us love vacations, and the very thought of a vacation is good enough to cheer us up. Why then is it so difficult to enjoy the longest vacation of your life – “Retirement”?

 

Many of us do wake up to the impending retirement and the financial needs for the same at least a decade before we retire if not earlier. What I am referring to here is therefore not money but the important aspect of how to keep oneself busy and add meaning to retired life.

 

It is all very well to eat, drink and make merry when you are on a short holiday, but can you think of doing that and nothing else for years? When we look at retirement from this context it is sobering indeed! Imagine, we need to spend one third of our lives in retirement and yet we don’t give it the mind space it deserves.

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/go-beyond-just-financial-planning-for-a-happy-retirement-7502351.html

 

 

Image credit: Moneycontrol

 

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

 

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Explained: Five money mantras to become financially free

Explained: Five money mantras to become financially free

At its simplest, Financial Independence means “having enough money so as to never work again for the rest of your life”. But as you would agree, neither is life simple, nor is it as predictable and straight-forward as one would like it to be. This effectively means that as you go along your life journey, your definition of what Independence means keeps changing as your goal posts keep shifting.



That said, it is not rocket science, and it is something that everyone should aspire towards, not just for the financial security, but for the mental doors that it opens for you when you discover that you are no longer working for the money.




Based on our journey, I share with you below a few simple principles that you can follow to get onto, and stay on this path. But beware, what is simple to understand is rarely easy to do, and requires discipline, patience and the ability to say no to your ego.

 

https://www.money9.com/news/investment-planning/explained-five-money-mantras-to-become-financially-free-68983.html

 


Image credit: Pixabay @ Pexels

 


Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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