This Is a Huge Financial Threat to Your Retirement Security

By on January 7th, 2016. This post has Comments Off on This Is a Huge Financial Threat to Your Retirement Security

Many individuals believe that they are doing the right thing by making contributions on a monthly basis to certain pension schemes. However do they actually know what’s happening to that money and how much they’ll get back when they plan to retire?

Perth Business NewsYou may have thought about selling your personal pension plan by a financial advisor but are you really sure that it’s going to pay out the amount you need to live comfortably during retirement? However, some have a new vision for pensions. Some financial experts urge everyone to take control of their finances and shake off the false sense of retirement security.

When it comes to retirement, one of the most important questions to ask your self is the exact age you want to retire. Secondly, you also need to evaluate your expenses and decide how much money you will need every year. Finally, evaluate yourself at your retirement and know if your pension can sustain your golden years.

Providing financially for your retirement is YOUR responsibility. You need to make the right financial decisions and strong self discipline is you want to get a comfortable retirement.

Dan Kadlec posted an article at Time that will help you understand the huge financial threat to your financial security.

Read the full article here: http://time.com/money/4168633/retirement-huge-threat-security

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How to Decide if Entrepreneurship is Right for You

By on August 11th, 2015. This post has Comments Off on How to Decide if Entrepreneurship is Right for You

As with most things in life, entrepreneurship also delivers advantages and disadvantages. That is why smart entrepreneurs will not set up a business venture without first checking them out. So before you prepare and set your initial capital up, you first need to evaluate the pros and cons of starting your own business. More importantly, you should evaluate yourself if whether or not the business you want to build is right for you.

Perth Business News

Entrepreneurship

Before you jump into entrepreneurship, the first step you need to make is to ask yourself if you really fit into the entrepreneur’s category instead of working in a private company or a government institution. When making this evaluation, make sure to let your emotions come into play.

If you are seriously aspiring to quit your job and become an entrepreneur, you should really take a good look at the pros and cons of entrepreneurship.

The most popular advantages of entrepreneurship include excitement, independence, flexibility, and decision making. On the other hand, its advantages include the risks, no more monthly salary and no more benefits as you will be paying for your life and insurance premium.

Truly, this decision is extremely tough. If you would like to learn some tips to make you have a clearer picture of entrepreneurship so that you will be able to come up with a better decision, you should check out this article posted at Wall Street Journal.

You can read the article here: http://guides.wsj.com/small-business/starting-a-business/how-to-decide-if-entrepreneurship-is-right-for-you

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Filed Under:Perth Business News