“No Delay in Retirement Planning,
No Compromise in Lifestyle”
When a person thinks of retirement planning, he mostly thinks of regular income which is kind of pension for him. This pension can be monthly or quarterly depends on investor’s choice. Proper plans of various mutual funds can help to achieve the goal. When an advisor from Wealth Redefine does the plan for the investor, he understands the he needs of the investor before suggesting any product.
Why Investors Ignore Retirement Planning
✓ No savings or saving without goal
✓ Buying low yielding insurance policies for retirement
✓ Not judging about Inflation
✓ No proper professional guidance
✓ Less knowledge about investment options
✓ Going for FD and PPF considering safe options
✓ Less time
✓ Wait for a better time.
Retirement planning is a complex financial work. The saving should be in such a way that it can give the same lifestyle as before retirement. So Retirement planning is now divided into two segments namely pre-retirement planning and post retirement planning. Pre-retirement planning is saving money for a target amount in a specified date. It can be one time investment or systematic investment. The sooner you start, the better it is. This period is called wealth creation period. Post retirement planning is to invest such a way that it can help you not only preserve your capital but also gives you same lifestyle on interest. Usually in a post retirement plan, the risk taking ability of the investor comes down and this time is called wealth protection period.