HowTo Pay After You Retire

HowTo Pay After You Retire

During most of our lifetime, we receive a steady source of income through our jobs. However, that changes all of a sudden when we retire. There are many places where a retired person receives money. Retirement is expensive and you need to be well prepared to draw as much money as you can.

  • Most countries pay social security and this is the major source of income for most of the retired people.
  • Some retirees also depend on the pension amount to get a steady source of income.
  • The retired people have some retirement account to contribute to their income. They create the fund over the years to save up for their retirement
  • Home equity is another way to pay for retirement. In this case, you sell the home that you stay in or take a reverse mortgage. A retirement plan is a must but when things do not work out as per plan it is only then that you should consider this option
  • A stock market or mutual funds also help to pay for retirements. If you have saved some money in the stock market for a long period of time then it helps to build your retirement savings account. Money grows and also beats inflation when you save in the stock market with a long-term Try the automated trading robot.
  • A savings account is also something that most prefer to rely upon once they retire. If you, however, put all your money into FDs then you are getting very low income which hardly beats inflation. You should thus consider saving into low risk as well as medium or high-risk funds so that your savings beat inflation
  • Insurance plans and annuities give a steady income flow. You would, however, have to pay to the insurance company a good amount of money to get back the insurance lump sum money after retirement
  • Many rely on part-time work to manage their monthly expenses. This income may not be very significant and the number of jobs is also limited
  • Many also depend on some inheritance to fund the retirement but this indeed is not a smart plan
  • Income from rent or royalties is another major source of retirement income. There are however many ways in which your property could get affected by something and stop the income coming in.

There are numerous ways in which people plan their retirement. It is however important that you plan your expenses and diversify your portfolio. Pay off all your debts, move to a smaller home, rent a place and cut expenses to have a better standard of living after you retire.

Why Could Hashgraph Have An Edge Over Blockchain?

Hashgraph is the new technology and there are quite a few reasons why it could have an edge over Blockchain technology.

Hashgraph can be verified

All the transactions that happen in Hashgraph can be verified. This is because as soon as a transaction goes through it takes just a few minutes for all the community to know the place where the transaction will get queued in the ledger.

Also since every member of the community is aware of it this means that the changes will be implemented and discarded.

It is not required to keep the record of the transaction in the ledger for the entire life. This is one major reason why the Bitcoin has a 160GB Blockchain and the Hashgraph platform has storage that is less than one gig. And this is the sole reason why even a simple smartphone can be used to run the Hashgraph cede. Running the Bitcoin Code needs huge and high-speed computers.

Byzantine agreement

What exactly does this term mean? This means that neither can any single member or a small group of members stop the Hashgraph community from reaching a consensus. Once the consensus is reached then it cannot be changed by either an individual or a group.

This is not guaranteed when you use the Blockchain technology and this is because when using Blockchain technology the members never even get to the point where they know that a consensus has been reached.

Compliant

Hashgraph is used as a distributed database. The members agree on the order in which the transaction was carried out and they then list them accordingly. TheHashgraph helps the members to agree to the transaction order.

On the other hand, the nodes that are running the Blockchain technology never get a consensus that has been achieved across the network.

Cheap and efficient

No effort gets wasted when Hashgraph is used. This is because the transaction list or what is called as a block in Blockchain technology never gets discarded. Each block is used in order to achieve a consensus.

There is also a lot of emphasis on the proof of work and this makes it very expensive to run the Blockchain technology. This is when the mining power in the community increases. Hashgraph does not need proof of work and thus no block is wasted and also the work is completely efficient.

These are a few reasons why Hashgraph could be preferred over Blockchain.