Introduction
Some argue that the government should financially aid people after they retire,
while
others suggest that a person should arrange Linking Words
this
on their own. Linking Words
While
retired folks might get some relief after they receive payments from the state, I believe Linking Words
one
should look towards building their own economic independence.Use synonyms
Body paragraph 1
Someone who has just retired, indeed, would benefit from the money the authorities send them.
This
can ease them into a retired Linking Words
life
and will help them settle in slowly, which normally is not an easy process. Use synonyms
This
will provide the ex-employees with mental backing regarding their finances. Linking Words
As a result
, they will not have to go through the initial anxiety and confusion that follows it. Linking Words
For example
, the Indian government has a mandatory salary deduction called the employee provident fund that helps in collecting a corpus throughout a worker's total years of work, which after their final exit, can be taken out in installments or in Linking Words
one
go. Use synonyms
However
, Linking Words
this
will not nearly be enough to beat inflation and lead a comfortable Linking Words
life
.Use synonyms
Body paragraph 2
Therefore
, it is of paramount importance that a person imagines the kind of Linking Words
life
he or she would want to live after being retired and Use synonyms
hence
, financially plan everything Linking Words
accordingly
. There are many instruments Linking Words
one
can use to grow their money so that they do not have to rely on any external assistance. Use synonyms
For instance
, Linking Words
one
can start investing in mutual funds as a long-term goal, which gives an almost guaranteed 11% return on average. The more you keep the money locked into it, the more the compounding effect does its magic. Use synonyms
This
is why, I believe that already having a financial backup for retirement during the early stages of your career takes significance over anything else.Linking Words
Conclusion
In conclusion, relying on monetary aid from authorities after retirement is ill-advised.
Instead
, a better thing to do would be to strategise the deployment of pounds and dollars from the early professional days so that Linking Words
one
can enjoy their post-work Use synonyms
life
in comfort.Use synonyms