“Food for thought” – Make your retirement planning more robust
We get so tied up in our retirement planning solutions regarding real estate, cars, housing and tax benefits that we entirely overlook a very simple yet important aspect. You must be wondering what it is? It’s the cost of food. It might appear to be a trivial task. But, once you sit down and ponder over your food expenses on weekly basis, you would realize how significant it is. As food costs form a daily part of our expenses, we really can’t afford to omit it from the list of our consideration. If you also agree on this part, you must start your calculations right away. Begin counting your food costs on weekly basis, and, then move on to monthly and yearly calculations of the same. Once you are done with calculating your food expenses for one whole year, you can multiply the available figure by 25 or 30, as many suggest. The final figures will reflect the amount of money you would be spending on food during your retirement phase. Well, this might not be one of the perfect solutions, but it’s undeniably a way out to make our retired life smooth and enjoyable. We must not forget that every step/ effort counts. |
great post as usual!