Retirement is the point in a person's life when he stops employment completely, or, he may also semi-retire and keep some sort of retirement job, out of choice rather than necessity.
This usually happens upon reaching a determined age (in most companies the mandatory retirement age is 60), when physical conditions don't allow the person to work any more (by illness or accident), or even for personal choice (usually in the presence of an adequate pension or personal savings).
We should be prepared for this major turning point in our lives. And as a guide, we need to ask these questions to ourselves: When should I start saving for retirement? Where should I save my retirement money? How should I invest the money? How much money will I need in retirement? Will pensions be enough? How much should I save? What if I can't save enough? Is my savings enough? When can I retire?
Being financially ready is a must so we can have a peaceful and stress-free retirement. So start preparing now.
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