The Government has put into action a new pension reform. One component is active retirement, which allows those who have reached their jubilation age to continue working – either part- or full-time – while contributing simultaneously towards a pension payment. Active Retirement could be an attractive solution for those wishing to keep working past traditional … Read more
Personal financial planning is key to reaching realistic financial objectives and creating long-term stability. The process involves steps such as evaluating current situation to identifying short, medium, and long-term goals/objectives for personal finances. This involves compiling an inventory of income, expenses and savings. 1. Preparation of a Financial Statement Personal finance planning refers to the … Read more
Premature retirement provides you with the chance to continue working and focus on activities outside the work force that enhance your quality of life, while at the same time increasing your monthly pension payment beyond its projected amount. To qualify for early retirement, you must fulfill certain requirements. Social Security Reducing effective retirement ages has … Read more
Financial strategies are tools designed to assist individuals in attaining financial freedom and security, through careful planning, evaluation and oversight of income sources, expenditures, savings opportunities and debt. This article seeks to examine in-depth which components comprise an effective financial strategy. The initial step should be assessing current finances. It is a plan of action … Read more