Develop suitable retirement and estate plans.

In today’s world, personal financial planning is essential to ensure a secure financially stable future. As such, careful consideration must be taken while developing one’s contingency plan that includes retirement and estate plans in order to achieve peace of mind and the potential for success. For my financial planning plan I’ve used Prudential Retirement Plans (Prudential Retirement Planner 2020) as a guide. These resources were applied to me, along with concepts and courses that I used in developing suitable estate and retirement plans.

It is important to ensure all required insurance coverage has been taken into consideration when planning for contingency. Furthermore it also involves assessing existing debt load relative to income levels – if any – so that loan repayment obligations can be addressed within realistic timelines preventing onset of defaulting on payments leading potential bankruptcy organizational consequences need managed accordingly tight squeeze household finances liable bring huge burden shoulders retired future firmly established without bumps appears successful route avoided start activities enable lived comfortably takes small number steps executed well implementation always key staying applicable path determined manner proceeding advised focus continuously kept attached cutback superfluous expenditures unexpected events come up occur unplanned basis whereas unforeseen massive hits accounts dealt thereby prevent major crisis alleviated minimum disruption operation day running smoothly long time .

As I approach the age of 65, I’m starting to make my own financial management plan. My goal is to increase contributions towards retirement savings.

References:
Prudential Retirement Planning.(2020) retrieved from http://preparewithpru.com/index.php