How to make retirement planning using the 30:30:30:10 rule?5 min read 22 Mar 2023, 07:03 PM IST
Retirement preparation is the method of becoming ready for financial stability and independence in old age.
Retirement preparation is the method of becoming ready for financial stability and independence in old age. It entails deciding on retirement objectives, calculating how much money is required to reach those goals, and creating a strategy to save the money required. The 30:30:30:10 rule is a method for allocating and managing time in a work or project. According to this formula, you should devote 30% of your time to preparing the task or job, 30% to carrying it out, 30% to evaluating the work, and 10% to contingency budgeting.
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