Financial Commandments for Retiring in Comfort

Posted by under Guest Posts, Personal Finance . Updated: June 11, 2019

Planning your retirement starts with having a vision of where you are now, where you want to be, and what you want to achieve when you retire.

Your plans may evolve and change as you mature, together with the circumstances that you may encounter along the way.

Nevertheless, retiring in comfort is undoubtedly everyone’s ultimate goal.

So, here’s a list of financial commandments to live by to attain that life regardless if it’s 10, 20, or 40 years from now.


1. Know what you have.

Assess your status before planning on retirement. Know if your company has a retirement plan and find out how it works, as well as how it would benefit you. It is always better to know what you have and what you can expect to receive as it will help you plan out everything.

2. Make sure you have no debts.

Credit cards can rankle your finances and costs. Do yourself a favor and pay off your debts before retiring to save you from all the hassle and toxic that come with it.


3. Allocate emergency money.

It is better to be ready and prepared should an emergency or accident that would require money occurs. To be safe, save at least three to six months’ worth of living expenses.

4. Save.

Since it takes a number of years to save, begin saving what you can as soon as possible. Save consistently through the years and help yourself resist the temptation to use your retirement fund to buy properties.

5. Set goals and have a financial plan.

Do not make a hasty decision in retiring. Instead, set goals that you should meet and follow them no matter what. Be updated about the economy, the market, and the laws that could affect your savings and act proactively about it.

6. Invest your money.

Investing is the most realistic way to achieve long-term financial security, but always be wise in choosing where to invest your money. It is advisable to divide your investments among different companies in different industries for greater return on your end.

7. Thou shall not retire early.

If you can still do the work you’re doing with your age today, try to maximize the period which you’re allowed to work to save more money. If you do not have sufficient savings to keep you afloat yet, you will likely drown from unexpected expenses at some point.

While these are just a few of the several money tips that will help you achieve an enjoyable and fruitful retirement, bearing these in mind will lead you to bringing about that retirement life you have always dreamed of.

This article is written by Carol Soriano. She’s a consultant for, the very first online pawnshop in the Philippines. A writer at heart and a social media enthusiast, she finds personal finance, investment and money matters interesting topics to write about.

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