In Ireland, one has to be at least 66 years to qualify for state pension. The age of retirement is set to increase over the next few decades. It will increase to 68 years. Life starts at 50. Retiring is not the end of life. It marks the start of a brand new life. This is a time to be cherished. Old age is a blessing. It is a blessing to be able to see one's children grow into adults and to be able to see grand children and even great grand children. Retirement advice Dublin is vital.
A retiree should not be in a hurry to withdraw from his pension plan. In most cases, taxes are not paid on pension savings. They are tax deferred. That means that someone will start paying taxes as soon as he withdraws. If one has a business or part time job, he should continue earning from those sources and withdraw less from the plan.
Estate planning advice is also needed. Most retirees have an estate that they need to actively manage. People normally defer estate planning when they are still at work. After retiring, estate planning must be prioritized. One should write a will. Everybody who has an estate should do estate planning whether he is young or old. That will prevent conflict in case of death.
Retirement is a time to be happy. Not everyone has the privilege to retire. A retiree should not spend all his day being sad about the future. To be happy, one needs to be closer to his family. For those who have children, this is the perfect time to reconnect with them and find out how they are fairing.
Family has a role to play during retirement. Friends also have a role play. In simple terms, one should not be disconnected from the social system. He should always keep in touch with his loved ones. Debt is one of the leading causes of sadness in life. It is vital to clear all debts as soon as possible.
A healthy retirement is desired. It is easy to stay healthy after retiring. After all, one will have all the time in the world that he should dedicate to caring for his health. There is the need to exercise more and eat healthy foods. Most working people find it hard to exercise because of their tight schedules at work.
A retiree should also travel. One can even decide to relocate to another country. After retiring, one should start doing things that he could not have done when still employed because of the pressures of work. A retired individual should create a bucket list of the places that he wants to visit. Of course, traveling will require some money.
After retiring, one should have a closer eye on his investment portfolio. Most retirees end up blowing away all their savings in just a few years because of lack of professional financial management. A substantial portfolio must be managed by a professional. A retiree must have an emergency fund that will pay for emergencies. He must also have a comprehensive health insurance.
A retiree should not be in a hurry to withdraw from his pension plan. In most cases, taxes are not paid on pension savings. They are tax deferred. That means that someone will start paying taxes as soon as he withdraws. If one has a business or part time job, he should continue earning from those sources and withdraw less from the plan.
Estate planning advice is also needed. Most retirees have an estate that they need to actively manage. People normally defer estate planning when they are still at work. After retiring, estate planning must be prioritized. One should write a will. Everybody who has an estate should do estate planning whether he is young or old. That will prevent conflict in case of death.
Retirement is a time to be happy. Not everyone has the privilege to retire. A retiree should not spend all his day being sad about the future. To be happy, one needs to be closer to his family. For those who have children, this is the perfect time to reconnect with them and find out how they are fairing.
Family has a role to play during retirement. Friends also have a role play. In simple terms, one should not be disconnected from the social system. He should always keep in touch with his loved ones. Debt is one of the leading causes of sadness in life. It is vital to clear all debts as soon as possible.
A healthy retirement is desired. It is easy to stay healthy after retiring. After all, one will have all the time in the world that he should dedicate to caring for his health. There is the need to exercise more and eat healthy foods. Most working people find it hard to exercise because of their tight schedules at work.
A retiree should also travel. One can even decide to relocate to another country. After retiring, one should start doing things that he could not have done when still employed because of the pressures of work. A retired individual should create a bucket list of the places that he wants to visit. Of course, traveling will require some money.
After retiring, one should have a closer eye on his investment portfolio. Most retirees end up blowing away all their savings in just a few years because of lack of professional financial management. A substantial portfolio must be managed by a professional. A retiree must have an emergency fund that will pay for emergencies. He must also have a comprehensive health insurance.
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Find out how to get the retirement advice Dublin locals count on by touring our web pages. To learn more about our fees and our personal finance solutions, use the links at http://www.bluewaterfp.ie/personal-finance/retirement-advice today.
