I live in a third world country. The developments we see around us have already made our lives easier and more convenient. These technologies that we enjoy every single day may have been something that any other first world country like the United States of America have previously enjoyed. We have a train or what we call the MRT (Metro Railway Transit), now with tickets that need not to go inside the machine but can easily be tapped. We have malls with LED flat screens, cars with self- parking features, restaurants that allow us to order using an IPAD. All these developments as a result of technology is something we got hold of in the recent years but is something that other countries have already acquired and experienced. You see there are truly a lot of advantages if you live in a country that is well developed in terms of its economy, financial capability and has a lot of companies that have the best technology within their reach. This will help them study and research further in order to improve the lives of their citizens.
Aside from technology in terms of gadgets, electronic devices and an edge in research and development, one thing that really makes me want to live in these countries are their healthcare and retirement programs. When it comes to retirement, they have individual retirement accounts, which have a handful of options to choose from. Those who prefer that a certain amount be deducted from their monthly salaries before tax is applied can get this set up with their employers, this is called the traditional IRA. Aside from this, there are also other options such as the Roth IRA which means contributions is given after the tax is deducted in your assets, the SEP IRA which allows a small business owner or employer to make contributions in a traditional IRA under the person’s name instead of the company, the SIMPLE IRA which requires the employer to give the same amount of contribution or match it with its employees contribution that is lower is simpler, the Rollover IRA which is similar to the traditional IRA but its funds come from a qualified plan or an 403B account and is rolled over into the rollover IRA instead of it being contributed as cash, the Conduit IRA is a tool that allows the transfer of qualified investments from a certain account to another and last but not the least the Self- directed IRA. The Self directed IRA allows the individual to invest in other alternatives such as real estate, oil and gas LPs, private company stock, horses, intellectual properties, horses and even precious metals. To get a better understanding of your other options, research on the best Regal Assets reviews.
Health insurances and other safety precautions are also given or provided for by the government making it very easy for the individual to live a comfortable life and see themselves with a bright future ahead of them.