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Q: Discuss the type of financial needs you will have at retirement age. How important is retirement planning to you now? How important do you think it will be in 10 years?
A: Financial needs vary at retirement due to individual's circumstances, for example, if a person owns his home and is mortgage free, he/she would not require as much as someone still paying rent or mortgage. [ Early financial planning is crucial if you want to maintain certain standard of living upon retirement. In 10 years if will again be crucial to check/revise your retirement plan as factors
such as inflation or lost income or securities may have changed over that 10 year period and needs to be reevaluated. ]
Expert answered|Greetings|Points 1522|
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Asked 9/5/2010 1:42:09 PM
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