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Pension Planning: 5 important points to factor in before selecting a retirement plan
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Rapidly changing social realities and the rising cost of living have made retirement planning a must for all individuals. While in past, when joint families existed, older generations were looked after by the younger earning family members. However, small and nuclear families are becoming the norm now as the young generation continues to move cities in pursuit of better income opportunities. It is now, therefore, become important for every individual to have an independent retirement income.
Experts say that with proper planning and investments during active earning years, one can accumulate enough for a peaceful retirement life without financial woes. However, not many individuals seem to have taken retirement planning seriously.
A recent
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