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.
Every retiree in Ireland needs tax advice. It is easy to squander a good part of the pension in paying taxes. Tax planning must be done. By deferring to withdraw from a pension plan, it will be possible to continue enjoying tax benefits. If one has a part time employment income or business income, he should limit withdrawals from the pension 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.
A retired person should strive to be happy. He should do things that make him happy. Being constantly sad will shorten life. One needs to forgive and forget. Retirement is not a time to keep grudges. To enhance happiness level, one should be closer to family members and friends. Being isolated can lead to stress and depression. Loneliness is bad.
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.
Staying healthy is important during retirement. Exercising regularly is highly recommended. One can engage in a morning jog for the better part of the week. Running usually involves almost every part of the body. One can join a gym. Some people find it hard to exercise alone. In a gym, a person will be able to exercise with other people. There will be group exercises.
A retired person should always be on the move, for all the good reasons. He needs to explore the world. Most retirees normally sell their expensive houses and buy cheaper ones because after all they will not be spending much time in the house. They will be on the road in search of adventure. A retiree needs a travel bucket list.
In retirement, every cent counts. A penny wasted will never be recovered. A retired person will not have the luxury of splurging his money around because he is no longer earning an active income. In most cases, retired people mostly depend on the pension savings that they have accumulated over the years. Therefore, prudent financial management is a must.
Every retiree in Ireland needs tax advice. It is easy to squander a good part of the pension in paying taxes. Tax planning must be done. By deferring to withdraw from a pension plan, it will be possible to continue enjoying tax benefits. If one has a part time employment income or business income, he should limit withdrawals from the pension 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.
A retired person should strive to be happy. He should do things that make him happy. Being constantly sad will shorten life. One needs to forgive and forget. Retirement is not a time to keep grudges. To enhance happiness level, one should be closer to family members and friends. Being isolated can lead to stress and depression. Loneliness is bad.
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.
Staying healthy is important during retirement. Exercising regularly is highly recommended. One can engage in a morning jog for the better part of the week. Running usually involves almost every part of the body. One can join a gym. Some people find it hard to exercise alone. In a gym, a person will be able to exercise with other people. There will be group exercises.
A retired person should always be on the move, for all the good reasons. He needs to explore the world. Most retirees normally sell their expensive houses and buy cheaper ones because after all they will not be spending much time in the house. They will be on the road in search of adventure. A retiree needs a travel bucket list.
In retirement, every cent counts. A penny wasted will never be recovered. A retired person will not have the luxury of splurging his money around because he is no longer earning an active income. In most cases, retired people mostly depend on the pension savings that they have accumulated over the years. Therefore, prudent financial management is a must.
About the Author:
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.
No comments:
Post a Comment