Retirement could be an exciting time for some people, but can also be a time of anxiety for others. Maybe many of you have asked, what is meant by retirement? It was easy, really, retirement is a period where we can stop work and of course stopped to get regular income from work that we field. Now, if someone already has enough money to finance their needs in retirement, of course it would be very encouraging. Imagine, needs can be fulfilled without the need to keep working. Time and effort usually spent on the job can be used for rest or doing things that make our hobby. But on the contrary, if at retirement, a person does not or does not have enough money to finance his life, then what happens rather than relaxing, but anxious to find a way to stay alive. Right, right?

Many people, especially those who work as employees, were optimistic that he will be able to enjoy a pleasant retirement. "My company have a retirement fund for me later, why should I bother … think preparation pensions," comments some from them. True, everyone will want to experience an enjoyable retirement and not disturbing. Therefore, many companies that provide pension fund for employees who have worked hard for this, so they can retire in peace. But, have you ever counted how many Pension you would get from the company’s future? If yes, have you ever counted how many actually needs of your life after retirement future? And have you ever compared the two, so you know whether your retirement money or not enough to finance your life?

What often happens, people rarely try to find out whether their pension money enough to pay for living in retirement in the future. They just hang pension money from companies as a source of living expenses in retirement. In fact, only he himself knows exactly how many necessities of life after retirement, not the company. Therefore, it is very important to know whether your retirement money or not enough as the holder of your life someday. When enough, maybe not be a problem. But if not, then you are, willy-nilly, must add to yourself, so that later collected enough funds to finance the retirement your life.

How to add TWO RETIREMENT

Previously, we already mentioned the need to add your own pension funds if it is later, after a calculated, Money you receive from your pension company is not enough to finance your retirement life. Then, how do I add your own retirement fund? Broadly speaking, there are 2 ways you can do:

Open a side business

Saving regularly

We will discuss the pros and cons of each of these alternatives one by one:

1. Opening the Business Side

Open a side business, the point is to raise their income outside of work, so the results from the sideline can be used as additional funds to finance the retirement life. Open a side business can be very profitable, because usually by opening a business, can be obtained results large in a faster tempo. But keep in mind, these successes can be obtained only with proper management and concentration. The second thing that is difficult to obtain, remember you still tied to the job. Often a person is too focused on the job side, so the main job instead be abandoned. This of course could lead to even worse kondite that can inhibit your career and also inhibit the income from main employment.

Open a side business is also not free from risks, especially financial risks. There is a possibility, a side business could also lose money. If that happened, rather than additional funding for pension costs is obtained, but might now funds for living expenses was up to nombok. But, not means you can not open a side business to prepare for your retirement, you know. You can still open a side business to prepare for retirement, home is ready with all the consequences you will face.

2. Saving The Routine

This second alternative is relatively easier than the first. You can set aside some money from regular income to put into savings. Later, these savings will continue to grow until it reaches a fairly large amount. The advantage of this saving is that you do not need to sacrifice time and thoughts, so it can continue to concentrate to your main job. With continue to concentrate on the main job, your performance can get better, and automatic income can also be improved. So, you benefit double: career and a better income, and income from the continued development of savings. However, it does not mean saving money is not a flaw.

Weakness, by saving money, means the period you can collect the funds longer than opening a side business. Not to worry, These weaknesses can be overcome by starting to save money since from now.

LIFE IN THE NEED FOR RETIREMENT

Maybe you’ve said, "If I retire, I would certainly cost of living will decline. I, do not Shop-Shop. "Opinions are some validity, but not entirely correct. Neko-Shop or not, at retirement, there will be changes in the total cost for each of your expense items. And because you is not working anymore, then the likely cost of transportation as well as clothing and accessories will be reduced in number.

Conversely, because of your age when it was already getting old, health costs typically increase rapidly. For hobby and entertainment costs also increased, in line more and more free time you have. While heading a private shopping, phone, water, and electricity is usually tend to stay. Of the approximate rise and decrease the cost of each expenditure heading, you can calculate yourself how much roughly you’ll need for life after retirement.

HOW EASY, saving ROUTINE

Saving regularly can be an alternative to get additional money to easily retire. Simply by setting aside a portion of any income months, then at a later date, you can reap the results. Indeed, no denying that saving is an alternative which takes longer time instead of opening a business. Therefore, we can do with how to save as early as possible, starting from now. When you save own, then you should be able to estimate the savings period and the level of the results obtained (return), in order to obtain savings results which can provide for your retirement funds later.

Often, people underestimate the savings on a regular basis, let alone in a small nominal. A hundred thousand or two hundred thousand per month, for example. But, believe it or not, the old adage "A little-bit too long into the hill" that’s been proven. Simply, such as money USD 500 thousand per month, you can get a fairly large sum of money after a certain period of time. Here are illustrations of what you’ll get when you save Rp 500 thousand per month for 15 years, assuming interest rates or a particular outcome.

TABLE: Term of 15 years monthly deposit: USD 100 thousand / month LEVEL ASSUMPTIONS RESULTS (return) per year

10% = USD. 41,792,427

15% = USD. 67,686,309

20% = USD. 113 429 490 Assuming a monthly interest bearing

From the above illustration, you can see that if you save regularly USD 500 thousand per month to within, say, investment products in the bank with interest 10 per cent interest per annum, then after 15 years, your money would be approximately USD 200 million more. When you save with a rate of 15 percent money to Rp 338 million more, and if the result is 20 percent rate, the amount of money would be nearly USD 567 million more. In fact, your total deposit during 15 years was only Rp. 500 000 X 12 months x 15 years = USD 90 million. Remarkable, is not it? Only by saving USD 90 million, you can get a lot of investment results.

So, what are you waiting? just saving your money from now for your retirement.

source: agungadiono.blogspot.com/…/pentingnya-menabung-untuk-pensiun,

re-written by Ai Cahyati