Planned Retirement

Planned Retirement

In a financial sense, retirement means the ability to stop working
and not worry about anything. It is the stage when we can just sit
back, enjoy and depend on our hard end assets to pay for our needs
whether or not it is a real need or only wants.

How do we plan for our future? How do we plan for that day when
suddenly all our needs are simply all settled nicely and all we have
to do is to enjoy our remaining days with our loved ones and have
quality time.

How about now? What do you do to enjoy that life ahead? How do you
see yourself some years from now? What plans have you initiated to
concretize that plan?

Some tips:

Invest on assets that does not reduce its value through time.
Investing on inflation free assets like valuable land, apartments and
investments that are protected from the falling stock share prices
like government issued bonds, T-bills and corporate bonds. In the
Philippine setting, the value of land may not be devaluing fast
unlike in the US right now because of the mortgage crisis that they
are having.

Invest on assets that pays itself like buildings that earns rental
income. A friend of mine decided to invest his money by building a
small apartment instead of a plain house for his family. By doing
so, he is assured to earn a living even when he is not working.

Invest on highly valuable insurance. Protect oneself from life's
various risks. There are insurance products that provides security
and earns a possible income in terms of investments. It is always
better to have a plan a, b and c so that things will work well no
matter what. Be honest with what you can afford. Think prospective
and practical, a lapsed policy is hard to accept especially if you
have already invested a considerable amount. Try also to consider
the inn's and out's of the insurance product. Double check if the
policy is really what the agent is telling you it to be. Don't be
fooled by sweet promises. Do your own research. You don't want to be
surprised after paying for 10 or even 20 years that you still have to
pay for some years more because what was explained to you then is not
really the whole information about the product that you are buying,

Investing on mutual funds. First, make sure of the company that you
are investing. The stock market is not yet stable, so you may buy
those that are linked with secure investments like treasury bills,
government bonds and corporate bonds. Its rate of return may be
moderate but definitely higher than what you can get if your money is
just deposited in a bank and time-deposit. Let the power of
compounding interest work for you. This is possible because you will
be leaving your money long term. Of course you can withdraw the
money depending on the contract usually after 1 year and subject to
deduction of certain applicable fees.

Plan for your estate and other clean up expenses. Buying now while
still alive will guarantee of cheaper expenses in terms of burial lot
and other expenses related to ones death. Your insurance can also be
helpful in settling these expenses. Sometime we fail to plan for
this dreaded event because of the seeming hard reality of facing the
reality of death. In the end it is always wise to plan ahead and be
practical especially for the welfare of those whom will be leaving
behind.

Planning for those with limited budget. You can set aside some of
your money to be used as an emergency fund. Plan ahead by having
Philhealth and SSS. Contributions to these institutions are helpful
investments that should also form part of your financial plan. You
can also avail of term insurance or those that are plainly for one's
protection and expires after one year. This is the cheapest type of
insurance.

If you have enough budget, you can also avail of a medical card so
that succeeding visits for your medical and dental need will be cared
for. If you can't, it is still a wise investment to undergo routine
check-ups as a preventive measure. Prevention is always better than
cure.

Maintain a healthy lifestyle. Have a healthy diet, exercise
regularly. If you can't afford to go to the gym because of cost or
lack of time, use the stairs instead of the elevator. Park your car
far from your office so you can walk. Do some sit-ups, jog or join a
marathon event. Swim this summer and when able. Go hiking and other
events that are fun-filled and activity driven. It is also important
to know the basics of proper lifting. Use your legs instead of your
back when doing it. Doing the wrong thing again and again may
contribute to the rapid weakening of our backs. Consult a doctor or
a physical therapist to teach you more about this. Maintain a good
posture and make it a habit.

Plan your travel or day so that you may find time to do the things
that you want to do. You also conserve resources, like money and
time.

Eat food rich in fiber and fruits. You can consult your dietitian for
the best set of food for you to eat. Also ask for the best exercise
from your doctor, especially if you have a history of being injured
or other medical pre-existing condition. And most importantly,
everything should be done in moderation. What is important is a
disciplined lifestyle. Also do not smoke and drink too much.

Develop and foster quality relationship with your family, loved ones,
friends and even those who need your help and presence as well.

Protect and foster your spiritual life by having a regular prayer
time, reading the bible, going to church, your action groups and
prayer meeting and most importantly, action.

Protect the environment. Planning for ones future also includes
taking care of our future environment and our future children as
well. Learn to recycle. Turn of your lights or other electrical
equipment when not in use. Walk or use your bike. Use mass
transits, carpooling and wise use of water. When eating, get only
what you can finish. Repair the leaking faucets. Plant more trees
and pray that others too will also be doing their share to preserve
and protect the environment.

Please pass.. if you are helped by this document.

Yel
Alnp-alabang

If you need more information on investments or other information.
E-mail me: sr679@yahoo.com,

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