The study of economics is quite indispensable from the standpoint of either from a country or an individual. We are in the era in which the world is moving so fast. For a salary individual, the retirement life is great in which he gets relaxed, calm playing with his grandsons leaving all the complexities on the back. But to enjoy the life up to this extent, one has to make a comprehensive plan to support his retirement (Lynott, W. J. B. 2007).
Money is the thing, which is a foremost and influential thing lies in every person’s life. The main prospective of every man is to support his family in all terms, that is why he always solicit such things and provisions, which can benefit him ever after especially after his retirement (Roark, B., & Roark, R. 2006). The main prospective of this study is to select and then list down the characteristics of our chosen retirement broacher. The broacher that I have chosen is,
Planning for retirement - economic preparation, housing, medical, legal etc.
As I have mentioned earlier that the flow of money is quite important in every aspect of life because this is the main thing which has a definite repercussion on a person’s life. A wise man always park some of his earn money in some kind of investment or stock plan. This is duly done to support the family financially after the retirement as well. The investment in real estate, legal and insurance has its own significance which has a definite edge over other support planning.
Every person can think better for himself, and every person knows that how I can and feel happy to others from my little intelligence and hard work.a