P N Patel

Everyone has to face the retirement period. It’s just that some people begin retirement early and some people begin at a later age. Nonetheless, whenever you retire, you must plan your annual retirement income. This means determining how much money you need so that you can spend your retired life comfortably. Many experts recommend that your adequate retirement savings should be equal to 10 to 12 times of your current salary. People who are near their retirement age should take this more seriously. In fact, such people may get a tad anxious after listening to these figures. However, the actual average monthly retirement income varies from one person to another depending on various factors, such as your residing place, your health right now and in future, your lifespan, etc. Below are some pointers to consider when planning your best retirement earnings. These tips might help you in calculating the optimal number for your retirement income

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