• Retirement Fund 101
    Personal Finance,  Retirement,  Wealth Creation

    Creating A Retirement Fund That Works.

    Retirement is wonderful if you have two essentials; much to live on and much to live for – Unknown. Unfortunately, many work for so long and end up with nothing much to live on upon retirement. To escape that trap is the reason for a retirement fund.  A retirement fund (otherwise referred to as a pension plan) is an account where you invest a portion of your income towards retirement when your earnings capacity is expected to reduce, and upon retirement, you earn from the retirment fund. How does it work? Generally, there are two forms of pension plans; Defined Benefit Scheme and Defined Contribution Scheme. In the former, the…