“How much money do I need to retire in India” – as we grow older, this thought appears in our mind every now and then. Retirement planning is the process that involves calculating the retirement corpus and building a strategy to achieve it. Estimating the retirement corpus accurately is important to ensure that you do not outlive your savings and save the appropriate amount. Your retirement corpus should help you meet your estimated inflation-adjusted expenses after retirement. Retirement corpus is the money you need to live a retired life without compromising on your standard of living. Why Retirement Planning is …
Tag: Retirement Planning
The Retirement Planning Secrets No One Tells You About
Retirement is a significant milestone in life that many people look forward to. However, it can also be a source of stress and uncertainty if you’re not prepared for it. That’s why it’s essential to know the retirement secrets that can help you make the most of your golden years. In this blog post, we will discuss the top five retirement secrets that you aren’t supposed to know about. Retirement can be a stressful and uncertain time if you’re not prepared for it. Knowing these retirement secrets, you can be better prepared for your golden years. Thank you for taking …
5 Common Mistakes People Make about Retirement Planning
Two decades away from retirement, when I was asked to save for my retirement goal, I was sceptical about it. All my life, I was ready to invest more money to save tax. I never gave serious thought to retirement, which seemed to be a far off agenda. Saving for the child’s future seemed a much more practical and high priority goal at that point. We human beings never like to think of the obvious milestones in life. At some point in life, I will not be still earning! My activity level will slow down. My health will demand more support than ever! …
All You Need to Know About Retirement Planning in India
The average life expectancy of people has increased. Most people prefer living in nuclear families. At one point in life, everyone stops earning. Often, we find earning life and retired life are almost equal. Elderly parents do not like to depend on their children. They take care of their day to day expenses, medical care, ageing related issues and lifestyle expenses for two decades and more. Their financial freedom depends on their retirement planning at a much early stage of life. When to start your retirement planning Ideally, retirement planning must start the day one starts earning. In practice, you start paying …