By Sydney Sekese, CFP® professional and FPI 2016 Media Award Winner
Last Tuesday, parliament passed a national minimum wage bill, this came after several debates and controversy. Paying fair wages creates a potential for keeping workers healthy enough to do a good job. This got me thinking- The paycheques that we receive during our working life do not end the day we retire. We still rely on paycheques long after retirement. Why do I say so?
First, let me share with you an intriguing principle. Have you heard of the 40│ 40│ 40 principle? This relates to what most of us experience: We roughly work 40 hours a week, working for 40 years of our lives, and then retire on 40% of what convertxtodvd hardware optimization we made (the average replacement ratio). No wonder we have the old adage “life begins at 40”. So, you need to take this reality into consideration when designing an optimal investment strategy for a successful retirement journey.
The paycheques explanation takes the form of a realistic story. Let me take you down memory lane: when you are born and dependent on your parents for at least 18 years, retirement appears to be miles apart and therefore lack of provision for this date is often justifiably acceptable.
As you transition from dependency mode, and start working the dependencies migrate to paycheques during your working life and after gta 5 license key retirement. It is therefore prudent to start making provisions for further paycheques that will be required as you enter your retirement avenue and well into the future.
If you start working at the age of 23, you have a minimum of 444 paycheques available to make provision for a further 348 paycheques after retirement. This assumes life expectancy of 29 years after the retirement age of 60.
Reality is that some employed individuals only start accumulating their retirement savings at the age of 35 and therefore only have 300 paycheques at their disposal. This creates paycheque “deficits” after retirement. At this stage they would have accumulated capital to cater for only 288 paycheques instead of the potential 348 paycheques.
The situation becomes dire for those with no formal retirement fund structure who often consider retirement aspects at the age of 45. download activator avast premier 2016 This is a devastating situation as an individual will only have access to 168 paycheques to consider. This is often too late close the huge gap of 348 paycheques needed after retirement
So, we need to be careful to maintain and sustain our paycheques during our working life as we need to make provision for further paycheques long after retirement. This requires us to preserve the accumulated retirement benefits each time we change jobs. We should not be tempted to take cash each time we job hop as it will impact on the much needed paycheques later in life.
The type of annuity income and therefore the level of paycheques enjoyed during retirement need to be sustainable and sufficient considering the potential extended life expectancy at retirement date.
Maintaining and sustaining your paycheques for life starts with having sound financial goals. Money is a tool you use to build a life you want to live, not something you use just to buy more stuff. You should draw a picture of what you want whatsapp bulk sender software free download with crack your life to be in five, 10, 20 years and then use money to craft that life. All too often, we only think of the things we want to own, like cars or a particular house, rather than what we want our lives to be.
For most people, this idea involves figuring out when you might be able to retire or reach financial independence. Whether your goal is paying down debt once and for all, retiring early at 55, or paying off your house, it helps to write those goals down. Only then can you create a realistic plan to make all your dreams come true.
Thanks on your marvelous posting! I really enjoyed reading
it, you may be a great author.I will make certain to bookmark your blog and will eventually come back someday.
I want to encourage you to ultimately continue your great job, have
a nice day! https://www.cam7.com/external_link/?url=http://www.betfortuna69.com/188bet
Thank you for your support and kind words.
Great post. I’m going through many of these issues as well.. http://Www.Taxibestellung24.de/php/redirect.php?url=http://www.mbet88vn.com
Thank you for your support and kind words.
Hi there! I simply would like to give you a huge
thumbs up for your great info you have right here on this post.
I am coming back to your web site for more soon. http://sancoso.net/keo-nha-cai-ty-le-ca-cuoc.html
Thank you…Please keep coming back. This publication is for people like you.
Asking questions are really nice thing if you are
not understanding something fully, however this post presents nice understanding yet. http://kk-closet.com/redirector.php?url=http://www.betfortuna69.com/188bet
Thank you much, your input is much appreciated.
Very good post! We are linking to this particularly great post
on our website. Keep up the great writing.
Thank you for visiting Lishe…
I have read a few just right stuff here. Certainly value bookmarking
for revisiting. I wonder how a lot attempt you place to create this kind of great informative web site.
Thank you for visiting Lishe…
whoah this weblog is great i really like reading your articles.
Keep up the good work! You recognize, many persons are searching
around for this information, you can aid them greatly.
Thank you for visiting Lishe
You could definitely see your skills in the article you write.
The sector hopes for even more passionate writers like you who
aren’t afraid to say how they believe. Always go after your heart.
Thank you for visiting Lishe. Please follow @Official_lishe on Instagram and Twitter – to be kept updated on articles coming up.
Hello Dear, are you really visiting this site on a regular basis, if so
afterward you will definitely get fastidious knowledge.
Definitely, what a fantastic website and revealing posts, I definitely will bookmark your blog.Have an awsome day!
I really appreciate this post. I’ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again!
Thank you for visiting Lishe.
Yes! Finally something about takipçi satın al.
Hey! I know this is kinda off topic nevertheless I’d figured I’d
ask. Would you be interested in trading links or maybe guest authoring a blog article or vice-versa?
My blog addresses a lot of the same subjects as yours and I
think we could greatly benefit from each other. If you’re interested feel
free to send me an e-mail. I look forward to hearing
from you! Terrific blog by the way!
Feel free to visit my blog: instagram followers
Great delivery. Great arguments. Keep up the amazing spirit.
I must thank you for the efforts you have put in writing this website.
I am hoping to check out the same high-grade content by you in the future
as well. In fact, your creative writing abilities
has encouraged me to get my very own site now 😉
I’m not sure the place you’re getting your info, but great
topic. I needs to spend some time learning much more or understanding more.
Thank you for great info I used to be on the lookout for
this info for my mission.
My webpage; سعید محمد, Smohamad.com,
Why oxygen: now you can connect with the people who are not even in your mobile contact
list with oxygen social App you can connect with them.
In other words, any person with an iPhone, iPod Touch, iPad or Mac computer can contact each other when both parties
have connections. And you can watch all the hot Asian babes tube
videos free streaming directly to your computer.
The prerequisites for the video chat are you require
camera, speakers and microphone connected to the computer.
A development known as the USB Video Device Class, or UVC for short,
allows webcams to be integrated with computers, and usually doesn’t require the use of
specific vendor specific device drivers. Extensive collection of
the different brands of webcams and webcam chat made it possible for today’s Internet users more
effectively communicate with people from around the globe and not noticed.
With categories to satisfy the most discerning
Asian lover you’ll find the best Asian blowjob porn and a whole lot more.
Here at CAMGIRLSANAL you can find anal cam girls in our free teen porn galleries,
pre ty asses, all those categries here which we are
still expanding ass holes regularly for
you. But the owner has to drill some holes in order to
put the camera in that place.
Smarter than you? Without a doubt in my mind. All you Trumpanzees do is project.
Accuse the other side of thing you do.
Unlike you I don’t do incest, You disgustin pig.
Everything just goes for you right? Why don’t you go and do what you do best : jerking off to internet porn.
Sweet blog! I found it while surfing around on Yahoo News.
Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get
there! Thank you
Here is my web-site; آموزش سيويل تري دي
(Daisy)
Greetings! This is my 1st comment here so I just wanted
to give a quick shout out and say I really enjoy reading
through your blog posts. Can you suggest any other blogs/websites/forums that go over the same subjects?
Thank you!