​What aspects of a retirement plan are important to you?

Business & Finance
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What aspects of a retirement plan are important to you? How has your opinion on this changed over time? What types of retirement plans have you seen?

Sep 13th, 2015

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The most important aspect of retirement planning to me is the emotional aspect – my retirement plan has to give me a peace of mind. That is, I need to make sure that my retirement plan will provide me sufficient funds to sustain the way of life I envision myself to have in my retirement without the need to work myself to the bones for such funds.

This aspect – the importance of peace of mind – hasn’t changed over time; however, my specific plans on how to achieve this peace of mind exactly have changed. For example, in the beginning, I was very focused on putting majority of my retirement savings on a variable universal life insurance with a pension option, but as a result of the very high fees charged by the insurance company, I have decided to put the majority of my savings into a stocks portfolio.

I have seen VUL with pension options, balanced portfolio products sold by banks and insurance companies, and of course, company pension funds.


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Sep 13th, 2015

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