Question

What is your vision of retirement?  Is it a place? Is it an age?  Is it a second career? What do you need to do to achieve it?

3 paragraphs

Answer 1

Ans - Everybody after 35 or 40 have a different vision of retirement. For some people, it is money so that they can plan holidays, eat a variety of cuisines and most people have a vision of comfortable retirement. Mine is too. And most of the retirement plans demands financial requirement. So the first step towards retirement vision is to have a proper financial plan.

My age is 27 and I am young now. as inflation is growing at a very rapid pace it is necessary to have proper savings to meet the financial requirement after retirement. It is important to save money for futuristic goal whether starting a career or nearing towards retirement. Some of the surveys say that 1/3 of the savings is not enough to even maintain a decent life after retirement. That's why I will be investing in various financial products like mutual funds, bonds, stocks to grow my money over a period of time so that I may not require or seek financial help from others.

I want or invest at least $500 from now in the various financial instrument until retirement so that I can generate passive income after a certain period of time so it will keep me financially stable. I need to have a clear and concise goal of my financial planning for now and for the future which will help my comfortable life in the future.

I like traveling a lot so after my retirement, I want to visit many places like USA, Canada, UK, Switzerland, and many other places. I like to understand different cultures around the world and that's why it pushes me to travel and understand people. I am quite a connoisseur which means I like tasty cuisines of different variety which I will be doing while traveling to different countries. For all of this, the first important and only important step is financial planning which I have started.