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After crossing the golden age of 50 years, by adopting progressive lifestyle modifications and also
availing modern healthcare facilities, you can actually look forward to live not less than another 40
to 50 years. Finding a regular and reliable source of funds is vital at this stage of life to take care of
your day-to-day expenditure and also to provide for unforeseen expenditures on medical as well
as other emergencies during this extended period. Hence it would be prudent to carry out some
retirement planning to secure your financial future.
Following suggestions would assist you to manage your financial situation and live comfortably
during the next innings of your life. These suggestions are in accordance with the
recommendations by specialists who deal with wealth management needs of retired persons and
aging citizens.
Start with a retirement earnings evaluation. It is best to make an effort to sustain 80% of your pre
retirement earnings to live comfortably after retirement. For this, you can make use of the
retirement calculators, available at the websites of quite a few banks and financial institutions, to
evaluate your post retirement financial status.
In case the assessment by the retirement calculator did not provide you with a rosy picture, start
organizing your finances and save according to your projected requirements.
It would be advisable to set aside a major portion of your funds in secure investments such as
Retirement Bonds or Provident Funds.
You may also take a look at your investments in high risk stocks and think about reallocating a
portion to low risk funds, although they pay back significantly less. Alternatively, as per individual
requirements, you may also retain some amount of money in high risk funds, which have the
probability of yielding good returns.
If you are not covered for medical expenditure by your employer after retirement, you possibly can
now plan to avail Health Insurance for Senior Citizens according to your payment capacity. The
earlier you begin, the smaller would be the insurance premium. The amount of premium you give if
you join at 50 would be a fraction of what you would pay at 65.
As part of your retirement planning, it is always advisable to plan what you are going to do
productively, following your retirement. You can even think about seeking flexible options from
your present employer so that it is possible to earn regular revenue in a stress-free manner.
In case you have got sufficient funds and pondering the best way to invest it, it would be smart to

2. consult a trustworthy financial adviser. A knowledgeable financial adviser would be in a position to
guide you through your money and wealth management.
A proper retirement planning is definitely important to make sure that you have joyful times
throughout the evening hours of your life. It is hoped that above ideas would enable you to
accomplish it.
KV Gopalakrishnan
Senior Citizens Consultant
http://enjoyafter50.com/
Visit this website for tips and tricks to make your retirement life happy and enjoyable.
Article Source:
http://EzineArticles.com/?expert=KV_Gopalakrishnan
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Learn about how to save for retirement and get access to a millionaire by retirement Excel
spreadsheet at:
http://proactinvest.net
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