Right from the day you were born, you had the need to feel
secure. You were wrapped tight in the safe arms of your loved ones. They
provided for your needs. You grew up to be a young adult, ready to take on the
world. You started a family. You became a parent. You made sure that your
children got the best education. You built a house. You bought a car. You took
the best care of your parents. You made sure your family was secure.
As Per Indian
Money Bangalore, Many times you go out of the way to make sure all family
needs are met. You’re so involved in meeting immediate needs that you fail to
see the big picture. Yes, retirement is the big picture. Needs, wants and
demands are unending. So, how long will you postpone retirement planning?
Want to know more on Retirement Planning?
We at IndianMoney Reviews
will make it easy for you. Just give us a missed call on 022 6181 6111 to
explore our unique Free Advisory Service. IndianMoney.com is not a seller of any
financial products.
Investments should beat inflation: Ensure that
your investment beats inflation because it eats into the value of your savings.
If prices rise expenses rise. You’ll have to spend more to buy the same
quantity of goods. Make sure your retirement plan earns real returns (adjusted
for inflation).
Complementary: According to IndianMoney.com CEO Retirement
plan should complement existing retirement savings. If your savings are
dominated by conservative instruments like FD, debt instruments and
others. The retirement plan should have more exposure to higher risk
instruments like equities.
Only Provident Fund is not enough: Contributing
to provident
fund (EPF and PPF) alone is not enough to guarantee a great retirement
life. Only Provident Fund can’t beat inflation. As we discussed, a retirement
portfolio should have investments spread over various assets.
To know more click here | https://indianmoney.com/articles/tips-to-buy-pension-plans
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