Retirement Planning

Objective:

To ensure a secure and comfortable post-retirement life by building a financial cushion that covers living expenses, healthcare, and leisure activities.

Key Components:

1. 
   

   Determine Retirement Goals:

   • Desired retirement age.
   
   
   • Estimated monthly expenses based on lifestyle preferences.
   
   


2. 
   

   Estimate Required Corpus:

   • Account for inflation and longevity.
   
   
   • Use retirement calculators to project the total savings needed.
   
   


3. 
   

   Build a Savings Strategy:

   • Invest in retirement accounts such as EPF, PPF, or NPS.
   
   
   • Contribute regularly to mutual funds, index funds, or fixed deposits.
   
   


4. 
   

   Diversify Investments:

   • Combine high-risk (equity) and low-risk (bonds) investments.
   
   
   • Consider annuities for guaranteed income.
   
   


5. 
   

   Plan Withdrawals:

   • Create a tax-efficient strategy for withdrawing funds.
   
   
   • Prioritize liquidating less volatile assets first.
   
   

Ideal For:

Individuals in their earning years who aim to retire comfortably without financial worries.