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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.
A retiree should not be in a hurry to withdraw from his pension plan. In most cases, taxes are not paid on pension savings. They are tax deferred. That means that someone will start paying taxes as soon as he withdraws. If one has a business or part time job, he should continue earning from those sources and withdraw less from the plan.
Retirees also require estate planning advice. Many years of working and climbing the corporate ladder will leave a person with a substantial estate that is diversified into several assets such as real estate, stocks, and precious metals. A person should plan for this estate when he still has the physical and mental energy to do so. Legal assistance is needed.
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.
Retired individuals who have large investment portfolios need to hire financial advisers. An adviser will develop a strategy for maximizing gains from the portfolio. An emergency fund is also required. This will cater for emergencies such as health emergencies. A retired person needs to be fully insured. He needs to have comprehensive health insurance. He should take better care of his health than before.
A retiree should not be in a hurry to withdraw from his pension plan. In most cases, taxes are not paid on pension savings. They are tax deferred. That means that someone will start paying taxes as soon as he withdraws. If one has a business or part time job, he should continue earning from those sources and withdraw less from the plan.
Retirees also require estate planning advice. Many years of working and climbing the corporate ladder will leave a person with a substantial estate that is diversified into several assets such as real estate, stocks, and precious metals. A person should plan for this estate when he still has the physical and mental energy to do so. Legal assistance is needed.
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.
Retired individuals who have large investment portfolios need to hire financial advisers. An adviser will develop a strategy for maximizing gains from the portfolio. An emergency fund is also required. This will cater for emergencies such as health emergencies. A retired person needs to be fully insured. He needs to have comprehensive health insurance. He should take better care of his health than before.
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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.
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