You know about the Three R’s of schooling—reading, ’riting and ’rithmetic – that continue to form the foundation of education even as it becomes much more complex and sophisticated.
Maintaining your financial independence throughout your life is dependent on the plans you make to create retirement income.
When you are working, you have to decide how much to put aside for your retirement savings account. You have to plan for your kids’ education, you plan for owning or renting your primary residence, and to take care of your insurance needs, plus a whole lot of other decisions.
In a world where political ideas come and go, trends surge and falter, revolutions bloom and then fade, a few foundational concepts for retirement remain true: Income is of prime importance, planning for your specific circumstances will increase your financial stability, most retirement calculators are seriously flawed, and you can lessen—but not eliminate—the burden of taxes.