EVOLVING A HAPPY AND FUN FILLED RETIREMENT-Odunze Reginald C

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Having a happy and fun filled retirement is a function of good health, enough and adequate pension pot, a good housing and conducive environment and a happy and endearing family.

But the most critical of all these parameters is that of enough pension pot as other factors revolved round it.

People becomes comfortable in life, if they inherit billions and if they win a lottery, but not all people will have these two smiling to them, as inheritance and lottery are not easy to come by.

Inheritance depends on the wealth acquired by your parents and most importantly their ability to bequeath such to you, I have read, seen, where family members are schemed off their inheritance because of one factor or the other, by their immediate and extended family members, may be because they are minors as the time the bread winner dies. As there is unwritten maxim that the family of the deceased has been before the coming of the wives and children of the deceased, it becomes also devastating when the family dies interstate.  There are instances when the deceased has been known to have bequeathed his will to charity.

As for lottery it depends on probability, a highly one for that matter, the probability is of high intense for lottery players, as it is even observed that those that win are those play sparingly, for the habitual player, it becomes increasingly difficult to win. And the probability that in a population of 2 million people, that likes gambling , the probability  of one winning will be one over 2 million. That is very high.

Since we cannot all win lottery nor inherit billions as inheritance, it becomes pertinent to plan for our pension, and the critical part of planning for pension will usher in the idea of increasing your pension pot.

How then do use plan and increase your pension pot, the first is increasing your pension pot by doing additional voluntary contribution

The second is starting early to save, starting early to save increases your pension pot

Not withdrawing from the scheme reduces the incidents of taxes and other factor that impact negatively on your pension.

These 3 factors are the keys to increasing your pension pot, and will definitely impact on your well being as research has shown that people tend to be happy when they hit a particular pension pot.

Reginaldodunze.blogspot.com