If we boil things down to a simple two-part equation, retirement planning is all about managing inflows (income) during your earning years and outflows (expenses) during your retirement years. Of course, retirement means different things to different people at different points in their lives. Rather than a static state, retirement is a dynamic state, changing with life events, financial events, and even your own education as you learn more about concepts and products. The more information you absorb, the more comfortable you feel in being an active participant in the retirement planning process. Your plan for accumulating assets for retirement has to take all of this into account and be flexible enough to adapt to all kinds of changes. (more…)

Pension investment policy is one decisive point in planning and implementing a successful pensions plans. This area should need thoughtfulness due to its vast responsibility factors: the consequences of investment performance results may adverse pension investment goal. Hence, it should not be delegated to external third party consultants or money managers. Pension boards, top managements, shareholders, taxpayers and nonetheless employees, should pay a vital role in monitoring and reviewing pension investment policy. In the first place, there should be policy which will communicate the objectives of the pension plan policy scope and objectives to those all parties involved. The policy should have several key elements and aimed in funding pension liability for Defined Contribution Plans and Defined Benefit Plans. (more…)