You can retire from your job and focus on your life's work when you want to and at the income you want. You don't need to be a financial guru to do that. You can achieve financial independence by following simple personal financial guidelines and taking control of your finances. Leaving your retirement and pension in the hands of others is an industrial age plan. While a pension is still useful, forces outside your control can leave you stranded in old age. Marketplace dynamics, including inflation, can deplete your retirement fund and deliver less than promised in the brochures. Leaving your financial future to your employer or fund manager is not an empowering position to be. If you want to retire on your terms, you need to take charge of your finances. By achieving financial independence, you no longer depend on your pension. You can determine your financial future based on what you have control over, while your pension becomes a second layer of protection. The best time to have your plan in place is when you start earning income. The next best time is now.
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