Scribd Logo
Upload

Welcome to Scribd!

  • 25 views

    14 - PFM - Chapter 13 - Retirement and Estate Planning

    Uploaded by

    Lee K.
    The document discusses retirement planning, retirement benefits, and estate planning. It states that retirement planning aims to structure retirement income to suit one's needs and objectives, and should start early. Estate planning aims to distribute wealth to beneficiaries effectively while considering their circumstances. Retirement benefits provide retired employees with secure income. Estate planning manages assets in the event of incapacity or death through tasks like wills and trusts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    14 - PFM - Chapter 13 - Retirement and Estate Planning

    Uploaded by

    Lee K.
    25 views2 pages
    The document discusses retirement planning, retirement benefits, and estate planning. It states that retirement planning aims to structure retirement income to suit one's needs and objectives, and should start early. Estate planning aims to distribute wealth to beneficiaries effectively while considering their circumstances. Retirement benefits provide retired employees with secure income. Estate planning manages assets in the event of incapacity or death through tasks like wills and trusts.

    Original Description:

    Chapter 13

    Original Title

    14_PFM_Chapter 13_Retirement and Estate Planning

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses retirement planning, retirement benefits, and estate planning. It states that retirement planning aims to structure retirement income to suit one's needs and objectives, and should start early. Estate planning aims to distribute wealth to beneficiaries effectively while considering their circumstances. Retirement benefits provide retired employees with secure income. Estate planning manages assets in the event of incapacity or death through tasks like wills and trusts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    25 views2 pages

    14 - PFM - Chapter 13 - Retirement and Estate Planning

    Uploaded by

    Lee K.
    The document discusses retirement planning, retirement benefits, and estate planning. It states that retirement planning aims to structure retirement income to suit one's needs and objectives, and should start early. Estate planning aims to distribute wealth to beneficiaries effectively while considering their circumstances. Retirement benefits provide retired employees with secure income. Estate planning manages assets in the event of incapacity or death through tasks like wills and trusts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Chapter 13: Retirement and Estate Planning

    Good retirement planning is both tax efficient and investment effective. It’s never too early to start
    planning for retirement. It is important to ensure your retirement income is structured to suit your
    needs and objectives.

    Estate planning aims to preserve your family’s wealth by distributing it to nominated beneficiaries in
    the most effective way. It requires a consideration of each beneficiary’s personal and financial
    circumstances to determine the best means of providing an inheritance without unfairly affecting the
    beneficiary’s existing situation.

    Retirement Plan

    Retirement planning is the process of determining retirement income goals, and the actions and
    decisions necessary to achieve those goals.

     Retirement planning refers to financial strategies of the saving, the investment, and ultimately
    the distribution of money meant to sustain oneself during retirement.
     Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s,
    allow retirement savers to grow their money with certain tax advantages.
     Retirement planning takes into account not only assets and income but also future expenses,
    liabilities, and life expectancy.
     It is never too early—or too late (although earlier is better)—to start retirement planning.

    Retirement Benefit

    Retirement and pension benefits are given to a retired employees to make sure that they have a
    constant income and a secured life.

     The pension provisions are in place to ensure that the retired employees / officials are well off
    and can be financially independent and can lead their retired lives with no financial
    challenges.

    Estate Planning

    Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event
    of their incapacitation or death.

     The planning includes the bequest of assets to heirs and the settlement of estate taxes.
     Most estate plans are set up with the help of an attorney experienced in estate law.
     Estate planning involves determining how an individual’s assets will be preserved, managed,
    and distributed after death or in the event they become incapacitated.
     Planning tasks include making a will, setting up trusts and/or making charitable donations to
    limit estate taxes, naming an executor and beneficiaries, and setting up funeral arrangements.
     A will is a legal document that provides instructions on how an individual’s property and
    custody of minor children, if any, should be handled after death.
     Various strategies can be used to limit taxes on an estate, from creating trusts to making
    charitable donations.
    Sources/References:

    https://www.morgans.com.au/

    https://cleartax.in/

    https://www.investopedia.com/

    Prepared by:

    Lesley Allen D. Kabigting, MBA


    College of Business Administration
    Guagua National Colleges

    You might also like