Good pension plans equal good retirement

G ood pension plans are like the seed of a tree one plants during arbor day, they are bound to give plentiful returns after they have grown enough to start carrying out their intended use. A good pension plan may seem like a financial commitment that is not immediately necessary, but however true that may be the point is that the necessity will reveal itself a later stage. The mantra, ‘live in the present’ is not only a pop culture cliché but has evolved to take root in many people’s everyday decisions. Even important life decisions such as one’s financial affairs. Many use this ‘life philosophy’ as an excuse to spend their earnings on immediate concerns and demands, almost to the complete exclusion of future needs. Retirement is one of those future needs that cannot be avoided, and it is at this time that many become financially vulnerable given their inability to eke out a living. And it is only a good pension plan that will ensure that in retirement and old age, one does not find themselves destitute and at the mercy of others. So really, while it’s important to live well and take care of one’s immediate needs that should also include one’s future living standards. And thankfully, good pension plans help you to plan and save accordingly for a financially secure future at retirement.