Building A Business For A Fulfilling Retirement

Building A Business For A Fulfilling Retirement

I’ve always been interested in building an online business that would support me in retirement. But as I got older, it became more important to me because I wanted to know that my retirement would be secure. So, for the past five years or so, I’ve been working hard building a profitable company from scratch. Now, after about $400k invested and three full-time employees, we’re finally starting to see the fruits of our labor pay off financially. While our revenue isn’t quite at where we need it yet (we expect another year or so before we hit six figures), what’s exciting is that now that our expenses are under control and we have a solid team in place—one capable of handling growth while still providing excellent customer service—we can start thinking about other things like how much money goes into savings every month!

1. Decide what you want your business to do for YOU

You’ve probably heard the saying: “It’s not about the money, it’s about the journey.” Well, that may be true for some people, but for many of us it’s both. The money can help us get to where we want to go and provide experiences that enrich our lives.

But before you even think about starting a business or making any significant investment, you need to ask yourself what your goals are in life? What do I want out of this venture? What do I hope my business will accomplish for me personally and financially? Do these …

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Pension Planning: Retirement Income Sources

Pension Planning: Retirement Income Sources

Retirement income is a term that describes the money you will receive from your pension plan. It is also known as annuity income and can be made up of a number of sources, including fixed deposits, insurance policies or even proceeds from property investments.

Pension definition

A pension is a regular payment made to you after you retire. It is usually based on your salary and how long you have worked. The payments are usually tax free, so they can help to supplement other sources of income such as savings or investment returns.

There are different types of pensions:

  • Defined benefit schemes – These were very common in the past but now only around 5% of people are members of them; these provide an assured level of income based on your salary and length of service with an employer or other organisation (e.g., public sector). You may also get inflation protection in addition to this basic amount if it’s included in the scheme rules; however this isn’t guaranteed as some schemes might not offer inflation protection at all if they don’t think that there will be enough money available over time (and many do). The risk here is that if there isn’t enough money coming into these schemes then it could affect what you receive when it comes time for retirement!

Retirement income sources for pensioners

Pension plans are designed to provide you with an income in your later years. However, they are not always enough to live on, so …

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