• Home
  • About
    • Privacy Policy
    • Write for Australian Women Online
  • Advertise With Us
  • Horoscopes
  • Style
  • Shoe Boutique
  • eFashion
  • Weight Watchers Australia

Australian Women Online

Business, career, health and lifestyle content for women

  • Home
  • BLOG
  • BOOKS
  • BUSINESS
  • CAREER
  • COOKING
  • HEALTH
  • LIFESTYLE
    • Automotive
    • Beauty
    • Fashion
    • Pets
    • Relationships
    • Your Home
    • Your Money
  • TECHNOLOGY
  • TRAVEL
    • Discount Holidays
You are here: Home / LIFESTYLE / Your Money / Importance of retirement planning and savings [Infographic]

Importance of retirement planning and savings [Infographic]

13 September 2019 by Monika Rose

Share this:

  • Tweet
  • Email
  • More
  • Share on Tumblr
  • Print
  • WhatsApp

Life can be unexpected. That’s why you should think about the future now, especially when it comes to retirement. People often think that they still have a lot of time before they will do it, you too have probably never thought about when more or less you would like to retire. However, what they don’t take into consideration is that anything can happen. And if it does, without saved money, you can be in deep trouble.

It is important to have some money just in case something happens, like you will be forced to retire early, or you will get injured in a way that will make you unable to work. For people of old age it is very difficult to find a job, because nowadays employees are looking for younger workers. And without saved money, you will not be able to live on a standard of life you hoped for during your life.

If you don’t want to save money during your life, but you have ownership of a house, then a good option is a lifetime mortgage. However, remember that it might affect the inheritance passed on to relatives after you pass away. It will give you tax-free cash to enjoy during your retirement. This option is becoming more popular day by day, since you still remain the owner of the house and it doesn’t require monthly payments.

If you want to learn more about the importance of retirement planning and savings, check out the infographic below. You can also visit Money Mash for more information about Retirement Account.

How much money do I need to retire

You May Also Like:

Filed Under: Your Money

Ads by Google

Australian Women Online © Copyright 2007 - 2023 Deborah Robinson ABN 38 119 171 979 · All Rights Reserved