Page 31 - Keralite Magazine _new 1 copy

KERALITE
2018

Retirement is the beginning of a new lifestyle for
the older people that does not involve getting up
early and going to work. When you plan to leave the
workforce for retirement, the pressure is on you to
make the right choice. It is very likely that the next
twenty or more years of your potential life as a
retiree is riding on the decision that you make,
unless it is a forced retirement. Looking at a
somewhat perfect scenario, it is promising and
The Retirement rewarding if both you and your spouse are healthy,
and, together, you make, monthly, two checks from
Challenges, the Social Security, two pension checks from your
former employers, and two more from your 401 (k)
Before and After or IRA as distributions or Required Minimum
Distributions (RMD), another check or two from
your annuity plan, and still have a solid balance in
your personal savings and investment account.
Added to all these, if you possess the knowledge
and expertise to successfully manage all the
complexities involved, you are on your way to a
successful retirement. But, it is easier said than
done.

Savings for retirement is the key to financially
Hemachandran Krishnan successful retirement. Those who plan ahead start
when they are in their forties or even in the thirties.

“Savings for

retirement is the

key to financially

successful retirement.

Those who plan

ahead start

when they are in their

forties or

even in the thirties.”

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