11:37 21 February 2013
Every would-be retiree would want to make sure that they can retire on time and get the kind of money they need to have a comfortable retirement. Here are the things that you need to do to ensure that these two important things will happen on time.
Years before you retire
Don’t wait a month before your retirement before you take action. At least five years before you retire, check with your pension provider to check how your pensions are doing. You would want to make sure that you’re right on track.
Depending on how much money you have on your pension and the kind of lifestyle that you want to have on your golden years, you may need to top up any pensions or investments if you can.
Take the time to consult with a financial adviser and ask for assistance as to how you can maximize most of your finances.
Months before you retire
A couple of months before you retire, check your state, individual, and company pensions to get an idea as to how much you can expect to get.
Weeks before you retire
Take the time to call independent financial adviserto talk about your options and retirement plans. Then, call your provider and inquire about the different annuity scenarios. Make sure that you consider all your options before making one final decision.
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