Retirement planning is the planning one does to be prepared for life after paid work ends. It is the process of determining income goals for your retirement and actions/decisions necessary to put up to achieve the set goals. Retirement planning starts immediately one begins to earn, having established a source of income and choice of lifestyle while active and in retirement. Steps must be put in place to set aside specific amount of your income to acquire targeted assets that can fit your lifestyle in retirement.
What can I invest to guarantee my comfort in retirement?
I’m a fan of diversification of investment, spreading your investible funds among many assets like stocks, bonds, insurance, treasuries, real estate, business, cash etc.These forms of investment will definitely guarantee your comfort in retirement but a large holdings of your investment portfolio should be on REAL ESTATE considering risk associated with other forms of investments. A lot of factors beyond one’s control affect other forms of investment such factor includes inflation, government policy etc.
With my 28 years of real estate investment experience I can attest that a carefully picked real estate will give you advantage of compound interest through rentals and capital appreciation.The value and the rental income of this quality real estate tend to grow with inflation meaning, you can create your own inflation adjusted pension using real estate income. They produce above average consistent income that creates financial flow for your entire retirement period.
With a carefully choosen real estate you can possibly live off more than 6% of your real estate net worth without depleting your investment.
Your net worth will grow steadily by 15% yearly during retirement
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