| If you are planning for your retirement, two | | | | |
| terms will strike your mind: pensions and finances. | | | | 1. Being prudent on saving money, if have been |
| You should interrogate yourself with several | | | | saving for more than 30-40 years, you can get |
| financial questions that include: | | | | an adequate pension on your retirement. |
| - Will you have ample pension to support your | | | | 2. If you had started your saving plan 20 years |
| novel lifestyle? | | | | before your retirement age, then you cannot not |
| - Are you willing to cut your leisure spending | | | | expect to have big retirement amount to lead a |
| habits after retirement? | | | | comfortable lifestyle. In order to compensate on |
| - Having occupational pension, will there be | | | | your pension supplement, you need to cut your |
| penalties if you choose to retire early? | | | | leisure spending habits and take a part-time job. |
| - Are your extra savings sufficient to add-on your | | | | 3. If you had started your pension planning a little |
| pension? | | | | late, say 5-10 years prior to your retirement age, |
| Apart from these, there are loads of financial | | | | then keep in mind, unless you are lucky you |
| questions which you need to ask yourself. Doing | | | | cannot avail a decent sum as your retirement |
| so will lead to 3 most expected outcomes. | | | | pension. |