How Much Money Do People Need For Retirement Determining how much money an individual will need for retirement with their expat pension depends on a variety of factors, such as their expected lifestyle, retirement goals, and potential sources of income. However, there are some general guidelines that can help individuals estimate how much money they will need to save for retirement. One common rule of thumb is the “80% rule.” This suggests that individuals will need to replace 80% of their pre-retirement income in order to maintain their current standard of living during retirement. However, this rule may not be accurate for everyone, as expenses can vary greatly depending on Read more…
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October 25, 2023
When you start saving for the future can often come well down the list of financial priorities, behind paying off debts, paying a mortgage and financing a child’s education. However, the longer you put it off, the more you’ll miss out on the power of compounding returns. Einstein reportedly stated: “Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t… pays it.” Most people appreciate the importance of paying off debts to avoid the interest rolling up. But the power of the compounding concept is often overlooked by those who need to create wealth for the future. The secret of investing success Read more…
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