air-conditioning angle-down angle-left angle-right angle-up aquagym arrow-left arrow-right bali-bed bathroom beauty-treatments bike bungalow call camping car caravan chat chiki-park child cleaning-kit cocktail conference-room cross-small cross disabled double-bed entertainment facebook-circle facebook fridge game-room garden globe golf google+-circle google+ gym hairdresser hairdresser2 indoor-pool instagram-circle instagram jacuzzi kids-furniture kitchen-supplies kitchen living-room medical-service Group 3 Group 12 microwave mini-club motor-home palm parking people person pet pinterest-circle pinterest pool pub reception restaurant sauna search security sheet shop size Facebook Instagram Twitter Combined Shape sofa-bed tenis terrace-furniture time top towels trailer tree tv twitter-circle twitter veterinary water-park weather wifi youtube-circle youtube zumba-pilates
Blog Marjal
Los mejores consejos para viajar en familia
The biggest mistakes people make when planning for retirement
Planning for retirement is one of the most important financial goals you’ll undertake – and the stakes couldn’t be higher. After all, it affects your future and could leave you comfortable, or living in poverty. Here are common mistakes people make when planning for retirement:
1. Not creating a retirement roadmap

Retiring is so much scarier when you don’t have a plan. Where are you going to stay? Are you downsizing? Using your money to travel? WIll you want to pursue a hobby that costs money? A great way to map your retirement plan is to visualise what your retired years will look like. If you have a carefully crafted plan that you made years ago, it may need to be adjusted to suit your current lifestyle. Inflation, GDP growth, income, and expenses this might not be the same as it was five or ten years ago.


2. Not saving enough 

Don’t wait to start saving for retirement. The sooner you start, the sooner you can reach your goal. The interest earned in a year will generate additional interest in the next year that’s the power of compounding. There’s nothing sadder than retiring and realising you don’t have enough money to maintain your lifestyle. The key is to make saving for retirement a priority and start saving any amount you can each month. If you need help, get advice from a financial planner.


3. Underestimating healthcare costs

Healthcare should definitely be factored in when planning for retirement. Even if you have medical aid, you need to remember that it doesn’t cover all health-related costs. Healthcare costs pose one of the most serious risks to retirement security just one medical bill can exhaust your savings. Medical aid costs are increasing each year, so it’s important to know what to expect. Unfortunately, as we get older we inevitably have more health conditions to deal with. Make sure you’re prepared by getting a good medical plan or saving up for any contingencies.


4. Underestimate your future cost of living

Before you retire, make sure you can afford the lifestyle you’re currently living.

A majority of current retirees say they seriously underestimated what they’d need to live on. Check your retirement roadmap and factor in the costs for everything you plan on doing. Check your retirement roadmap to get an idea of what you’ll be spending your money on. The more specific you can be in anticipating what your future life might look like – and cost – the better you can plan.


5. Not making smart investment decisions

Inflation, taxes, and certain fees can overwhelm the benefits of certain investment products. Many people keep a large percentage of their savings in fixed accounts such as savings and certificates of deposit. Thanks to inflation, this can quickly lose value over time. Furthermore, investing in variable annuities can easily cost you 50%–100% more than comparable mutual funds. The worst part is that these costs pay for benefits that are of dubious value once you examine the fine print. If you’re unsure of where to invest your money, speak to a professional.


If travel is in your plans, make sure you factor in all the necessary the costs. Long-stay holidays can work out quite cheap, especially when you’re travelling with a motorhome or caravan. Marjal Costa Blanca Camping and resort is a popular destination for retirees. It has modern facilities, endless entertainment for all ages, comfortable bungalow and caravan accommodation, and beautiful weather plus it gives you something to look forward to when planning for retirement.

Marjal Guardamar - EN -  Glamping Resort General