>> (p.1)
    Author Topic: Create a self-pension found with BTC.  (Read 990 times)
    Jewan420 (OP)
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    September 12, 2024, 09:38:18 AM
    Last edit: September 12, 2024, 11:15:08 AM by Jewan420
     #1

    We can make a decision as a plan to guide our life. The biggest concern of most job seekers is what to do after they retire. This question comes to the mind of most of the employees very late, almost before retirement. I think leisure time should be planned from the start of employment. Planning at the beginning gives you longer time to make the plan a success.

    As part of the plan we can build a self-pension fund. Which will be governed by DCA system and will have a long tenure till retirement (about 25-30 years). An employee has 25-30 years of service. Then he retires, in many cases it is less or more than 25-30. If we build a self-pension fund early in our working life, we can extend it to about 30 years. This fund we can manage through monthly savings where a certain amount of income will be saved regularly. It may be 10% of income or more. If a person's income is $1000 then 10% of $1000 is $100, so in 30 years his savings will be $100×12×30=$36,000. Assuming 2x the profit in 30 years we get a return of at least $72,000 which I think would be enough for a retired person to live on.

    Of course this is part of the long term plan and the holding period is 30 years which is too much. But if we use it as a retirement plan, it won't seem like much time.











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