Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. It involves assessing one’s current financial situation, estimating future income needs, and developing strategies to ensure sufficient savings and investments to support a desired lifestyle after leaving the workforce. This planning process typically includes evaluating various sources of retirement income, such as pensions, Social Security, savings, and investment accounts, as well as considering factors like healthcare, inflation, and life expectancy. Effective retirement planning aims to create a sustainable financial strategy that allows individuals to maintain their preferred standard of living throughout retirement.
Controversy Over Pension Taxation Proposal Recent discussions have ignited a fierce debate between retirees and working individuals regarding a proposed tax on pensions. The Minister of Labor, Astrid Panosyan-Bouvet, has…