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Pension planning is the process of financial planning for retirement.
© Chloroformzt Official - Est 2009
10 Interesting Fact About Retirement Planning
10 Interesting Fact About Retirement Planning
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Pension planning is the process of financial planning for retirement.
In 2019, around 42% of adults in the United States do not have pension savings.
Most people start retirement planning at the age of 45-54 years.
It is estimated that the cost of living during retirement can reach 70-90% of the cost of living while still working.
Most countries have government pension programs, such as social security in the United States.
Intelligent investment and portfolio diversification can help increase pension savings.
Pension savings can be invested in various financial instruments, such as stocks, bonds, or mutual funds.
Some companies offer employee pension programs, such as 401 (K) in the United States.
Many people choose to invest in property as a way to prepare themselves to retire.
Good retirement planning involves considering factors such as life expectancy, health costs, and inflation.
