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Retirement Planning

Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets and risk. Future cash flows are estimated to determine if the retirement income goal will be achieved.

How Retirement Planning can help?

Retirement planning should begin as soon as a person starts earning. In this way, you can set aside affordable amounts for a longer period and thereby you can achieve retirement corpus on time. That’s the compounding benefit that validates the premise as to why people should plan for retirement early enough.

Assess readiness-to-retire given a desired retirement age and lifestyle.
Plan can give a clear picture of future income.
Will have required cash flow till end of life

Benefits of Retirement Planning

The goal of retirement planning is to achieve financial independence.

Beat inflation

Invest in products that yield high return and cushion the impact of a rising inflation rate. Boost your returns by investing in equity-based mutual funds. Lower your risk by choosing an efficient retirement plan that guarantees cash back or maturity benefit to meet your short and long term needs.

Flexible income

The Flexible Income Plan was developed to enable you to manage your money in retirement and receive regular pension payments in a tax efficient manner. You can change the amount and frequency of your pension payments, subject to applicable government regulations, in order to suit your personal requirements.

Financial freedom

Financial freedom is generally assumed to be ‘a state in which an individual or household has sufficient wealth to live on without having to depend on income from some form of employment’. But as Robert Kiyosaki states - 'Financial freedom is available to those who learn about it and work for it'

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