{"id":18837,"date":"2019-05-09T15:15:35","date_gmt":"2019-05-09T12:15:35","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=18837"},"modified":"2019-05-09T05:51:53","modified_gmt":"2019-05-09T02:51:53","slug":"how-do-you-achieve-financial-security-before-retirement","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/how-do-you-achieve-financial-security-before-retirement\/","title":{"rendered":"How to Achieve Financial Security Before Retirement"},"content":{"rendered":"

\"\u00d9\u0086\u00d8\u00aa\u00d9\u008a\u00d8\u00ac\u00d8\u00a9<\/p>\n

 <\/p>\n

Retirement still feels far off for most \u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644<\/a>and young people in general\u2014today, as medical technology continues to advance<\/span><\/p>\n

day by day\u2014and helps people live healthier lives.<\/span><\/p>\n

.<\/p>\n

\n

What is financial security?<\/span><\/h2>\n

\nAccording to Investopedia\u2014one of the best-known online sources for financial information\u2014financial security means having an income that covers<\/span><\/p>\n

Lifelong expenses: As people get older, they look for ways to generate additional income through opportunities such as renting out a property or earning returns. <\/span><\/p>\n

and bank earnings, or income from a savings account. This is how you achieve financial security, giving you more time to pursue other passions in life,<\/span><\/p>\n

It also gives you the opportunity to leave a job you may no longer want, and the freedom to move somewhere you want to live and enjoy your vacations, <\/span><\/p>\n

Rather than being tied to a job that limits you.<\/span><\/p>\n

Having financial security means you\u2019re still earning money in some way, whether through residual income from your work or small business opportunities you maintain <\/span><\/p>\n

\u2014so it isn\u2019t retirement in the conventional sense.<\/span><\/p>\n

.<\/p>\n

Saving and investing<\/span><\/h2>\n

\nMost retirement savings advice aligns with the principle of saving for financial security; cutting 50% or more of your income after retirement encourages you <\/span><\/p>\n

to think about starting to save andInvestment<\/a>while also avoiding debt from buying consumer goods or maintaining different lifestyles.<\/span><\/p>\n

 <\/p>\n

.
\nGood planning<\/span><\/h2>\n

\nYou\u2019re often a seasoned professional, earning your highest salary before retirement, and you\u2019re expected to increase your investments as retirement approaches, <\/span><\/p>\n

so your true sense of retirement timing comes from planning for it\u2014with the goal of saving enough to live on for a decade or two after you retire, when your expenses<\/span><\/p>\n

are at their highest. This means increasing your contributions during peak earning years.<\/span><\/p>\n

The timeline is reversed when your goal is financial security. At first, you\u2019ll need to put most of your income toward investing. Once you start <\/span><\/p>\n

earning returns, more of your income can be spent, because your savings aren\u2019t held in a designated retirement account. This gives you the freedom to use those savings <\/span><\/p>\n

to pursue wealth-building strategies.<\/span><\/p>\n

You can also \u201cinvest in yourself\u201d by learning a new skill that opens up new possibilities or helps you save money. For example, instead of hiring someone for a task, you could <\/span><\/p>\n

hire a web designer to build your website, or learn to do it yourself. This saves you money and opens up new opportunities that expand your <\/span><\/p>\n

\u0646\u0637\u0627\u0642 \u0639\u0645\u0644\u0643.<\/span><\/p>\n

.<\/p>\n

The tools used<\/span><\/h2>\n

\nThere\u2019s still room in your plan for financial security. Some traditional investment options follow IRA reporting, which accounting firms use to provide <\/span><\/p>\n

accountants with information to forecast future performance and analyze a company\u2019s financial position. There are also 401(k) plans for entrepreneurs that offer <\/span><\/p>\n

preferential tax treatment and can be a valuable supplement to your other savings. However, the required waiting period before you can access the funds is one reason they\u2019re less <\/span><\/p>\n

than ideal for achieving the financial security you need.<\/span><\/p>\n

Rather than using these options as your primary retirement savings, think of saving as a prerequisite for investing. There are more flexible options, such as savings accounts, <\/span><\/p>\n

money market accounts, and short-term certificates of deposit. You can put money into these accounts until you\u2019ve accumulated enough capital to invest in<\/span><\/p>\n

\u0645\u0634\u0631\u0648\u0639 \u0622\u062e\u0631.<\/span><\/p>\n

Investing in stocks and mutual funds is also an important part of financial security. You could choose stocks that increase in value three or four times in<\/span><\/p>\n

a single day, rather than looking for an option aimed at slow, steady growth. On the other hand, focusing on companies and institutions that provide dividends <\/span><\/p>\n

and growth can offer a steady source of income. These investments are intended to protect your money from inflation and increase its value.<\/span><\/p>\n

You\u2019ll also need another resource on your journey to financial security: knowledge. As an entrepreneur running a small business, you need financial knowledge <\/span><\/p>\n

Prerequisites that aren\u2019t usually taught in most schools, especially since your journey toward financial security involves navigating many uncharted waters.<\/span><\/p>\n

","protected":false},"excerpt":{"rendered":"

  \u064a\u064f\u0639\u062f \u201c\u0627\u0644\u062a\u0642\u0627\u0639\u062f\u201d \u0645\u0646 \u0627\u0644\u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u062a\u064a \u0644\u0627\u062a\u0632\u0627\u0644 \u0628\u0639\u064a\u062f\u0629 \u0639\u0646\u062f \u0645\u0639\u0638\u0645 \u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644\u060c \u0648\u0627\u0644\u0634\u0628\u0627\u0628 \u0628\u0635\u0641\u0629 \u0639\u0627\u0645\u0629 \u0641\u064a \u0648\u0642\u062a\u0646\u0627 \u0627\u0644\u0631\u0627\u0647\u0646\u061b \u0625\u0630 \u062a\u0645\u0646\u062d\u0647\u0645 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0637\u0628\u064a\u0629- \u0627\u0644\u062a\u064a \u062a\u062a\u0637\u0648\u0631 \u064a\u0648\u0645\u064b\u0627 \u0628\u0639\u062f [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":18838,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[1739,9444,1027,3242,16112,18898,793,18896,18897],"class_list":["post-18837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-1739","tag-9444","tag-1027","tag-3242","tag-16112","tag-18898","tag-793","tag-18896","tag-18897"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/18837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=18837"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/18837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/18838"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=18837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=18837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=18837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}