Retirement Planning

Описание: Retirement Planning is the process of determining and accumulating the retirement corpus one would require to live a comfortable life after the paid work life ends.
The ultimate goal of retirement planning is to achieve financial independence.

Objectives of Retirement Planning-
Increasing life span coupled with early retirement makes it crucial for us to plan for a post-retirement life of atleast 25 to 35 years.
Inflation will erode the purchasing power of money so, cost of living is bound to increase.
The risk- taking ability will also go down resulting in a shift towards safer avenues of investments.
To enjoy same quality of life after retirement and to cover daily living expenses.
To cover medical expenses and be prepared for medical emergencies.
To create regular income sources after retirement.
To deal with any kind of uncertainities.
As the Indian economy will mature, the interest rate and stock market return will continue to moderate resulting in lower return from investment.

Various Retirement Plans To Invest -
National Pension Scheme
Public Provident Fund
Employee Provident Fund
Senior Citizen Saving Scheme
Mutual Fund Retirement Scheme

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