Retirement Preparedness

Who in the hell would sign a retirement plan at age 21? Fresh from college, enthusiastic about life and have been working at my first ever job for only four months, I signed a retirement plan payable within five years. I’m really not sure what I was thinking at the time but somehow, my instinct is telling me to go for it.

As the days go by, I sometimes feel doubtful about my capacity to pay. What if I lose my job? Where will I get the money to pay for my dues? But thankfully, that didn’t happen. I think this insurance plan has become one of my inspirations for working so hard. And third quarter this year, I paid my last insurance bill. Whew! I don’t want to brag about it but I am just so relieved and glad not only because I can scrape off one item from my monthly budget but also because, I now have something to look forward to in growing old. :))

I am glad that I made the right decision of having this retirement plan because I NEVER want to work until I die or until beyond the age of 65 (provided the world will not end this year). I just want to relax, travel and enjoy my remaining years with my loved ones and that can be achieved only if I’m financially stable. Also, I wouldn’t want to burden my future children into spending for me and deprive myself of medical attention when the need arise someday.

Someone told me that retirement plan is a dead investment because I will not be able to use my money but sadly, that person does not know that the money I invested earns interest too. I can withdraw the interest anytime or leave it there to grow.

So you want a meaningful golden years, start investing now...

There are so many insurance companies available so scout around to find the most reliable ones. Their agents are more than willing to help and guide you determine what suits you best. If there is something you don’t understand, don’t hesitate to ask questions because that is one way of ensuring that your money is safe and protected.