Nowadays, not all people dedicate enough time to the design of a financial plan, which is necessary to achieve our personal and professional goals. Having a business plan will directly affect us in the future (not very far), so it is worth spending more time to design it, making the most appropriate investment decisions according to our investor profile.
In parallel, we can design a retirement investment plan, something necessary to cover our future needs (during retirement). The requirements of a retired person will be established according to the level of life that he wants to have finished the labor stage. The primary income would be the public pension provided by the State, but it would be advisable to have accumulated savings thanks to our financial plan.
To make a financial retirement plan, we will have to take into account various factors such as the economic and personal situation of each one.
Five variables that affect our financial plan
To know how to plan for retirement, we have to take into account different variables that affect it.
Time horizon until retirement: it is necessary to know this information since depending on it we will make a greater or lesser saving effort. This leads us to think that the sooner we start planning our retirement, the less energy will be created. In the same way, if we intend to advance our retirement, the saving effort will be greater, since we will live more years as retirees (and consequently we will have worked less time).
Inflation: this factor directly affects our money, since it reduces its value in the future. Therefore, the need arises to protect us from inflation, and for this, we must see that the Continue reading