All through our lives, we tend to be working sometimes for funding our children’s education or to buy our dream home. Once we approach the age of retirement, our body invariable tends to slow down and we are more prone to lead a life which is peaceful and calm. Transition to retirement is a procedure wherein once a person reaches a particular age of retirement, they can reduce the number of hours they work in a day without affecting their monthly income. The biggest reason that people nearing the age of retirement tend to opt for this scheme is because there are too many lucrative benefits to let it go. Transition to retirement provides you with a ‘non commutable’ income stream. This assures you of a stipulated amount on a monthly basis. So, now you do not have to worry as to how you would pay your bills or procure things that you need. The phase of retirement actually is something where you are inactive and are not actively contributing to the expenses of the household. For some people, transition to retirement can take up to four to five years as well. So, move on to the next phase of your life without worries and tension of running the house.
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