After Retirement Focus on Yourself
For most of our working life, our priorities are remarkably predictable. We want to progress in our career, build a family, educate our children, own a house and perhaps buy a car. We save money, invest for the future, buy jewellery and participate in the social life of friends and relatives. Then retirement arrives. The salary may stop, children may be working in another city or country, and the responsibilities that occupied several decades begin to change. This is when an important question deserves attention: Where should you focus after retirement? The answer begins with financial security. Your accumulated savings now have to support a potentially long retirement. Investments should therefore be planned carefully to generate regular income while considering inflation, liquidity, taxation and risk. At this stage, protecting capital can be as important as earning returns. Professional financial advice may be useful before making major decisions. Where you live also becomes in...