There is no guarantee that you would live only ten years after you retire. Now imagine by chance you survive more what would you do? No work and you blew away all your savings. The best way to handle this situation is to make a retirement plan. Government pensions would only help you with bare necessities of life but if you wish to live life according to your terms you got to make a systematic retirement planning.

The problem with this era is that most us are often carried away with the notion of living for the moment. We indulge in buying the latest gadget and technologies. There are so many opportunities to spend money that it's difficult to keep a portion away for retirement.

There comes a bolt from the blue when you realize that you're standing at the threshold of sixty and haven't yet planned anything for your retirement.

The youth have the opportunity to learn from the mistakes made by their elders. They have the advantage of using the latest technology such as the online web service as well as private and government investment adviser to look for valuable help. They also need to be careful while choosing an adviser, make sure that it is a reputed firm.

There have been instances where people have lost their life's saving trying to invest it with the help of the wrong adviser. So be carefully that you don't get duped.

There are many ways in which you can save up for your post retirement life. You can be benefited from government superannuation schemes to employee pension plans. You may also buy real estate and invest your money in blue chip companies, but do avoid involving into speculative investing.

An important piece of information for all those who wish to invest that is please make sure that you do have various investment schemes. This would be helpful; if one fails you have another investment plan to back you.

In case you need an alternative to this retirement plan then I would say that as long as you are young spend the money and enjoy.

Some of us may just shrug our shoulders when it comes to all these planning, but unfortunately when reality would set into their life they would just be panic stricken. You would consider yourself lucky if you own a house, sell it for something cheap or leave with your kids. Another option would be a mobile home.

Selling the house would help you to free your equity and you kid enjoy the investment return from other investments.

Now to it is completely your decision as to how you would lead your life. As you reach this stage you would realize that how important it is for you. Do not leave it for the end, plan it now. Let not the knell ring at the age of sixty. With a little effort in your youth you may lead a comfortable old age.