When and Why to Think about Retirement and Estate Planning Essay

When and Why to Think about Retirement and Estate training - Essay ExampleAs soon as an individual gets work and immediately they are through paying off their students loans, and then retirement kitty should be the next important investment they scar to make to avoid re-entering the workforce once they fork up retired because they have no savings to see them through their old-age period. Action should also be taken immediately because of the uncertainty of the future and what may happen to an individuals job and so the retirement savings may come in handy in part of early and forced retirement or in case of a disability. According to Blue and White in their book, retirement is in phases and the most successful of retirements comes with early thoughts and action towards accumulation phase (Blue and White, 2008).I have already started making plans for my retirement to avoid stresses in my retirement years of having to burden my family to take care of me or having to start dependi ng on the little loving security funds or even start looking for work when am already retired. Everyone should think of retirement because it is never too early to start having a retirement kitty or to start planning ones estate (Gitman, et al.