It is one of the process of targeting on the retirement income goals along with the actions and decisions required for achieving the goals. Retirement planning focuses on identifying the sources with regards to income, implementing the saving programs, estimating expenses, and managing the assets. It’s the future cash flow which estimate for determining if the retirement income which could be achieved. There are few holistic approaches which are considered when going ahead with the retirement planning- lifestyle choices (which includes the way individual plans to spend their life) etc. Retirement planning focuses on setting aside ample amount for their retired life. You are not required to pay, during your retirement phase, as it’s the accumulated income which you receive during the retirement. Retirement plan starts before you retire. The amount which you need to pay, are highly individualized based on their capability. You should start the retirement plan as early as possible in your life span. Read here recent news and articles on retirement planning investment.
Retirement: 60’s, 70’s or Never- How to Grow Broke After Retirement
Retirement is a word that runs through minds that hate their jobs or are just tired of it. Where retirement is a state where an individual is at financial inertia …
Retiring Rich: 8 Personal Finance Tips for Entrepreneurs
Become Financially Independent The most crucial aspect of building a successful business is staying on top of your finances and having them in order at all times. After all, business …
5 Ideas How to Spend Your Budget When You Reach the Golden Years
Making Budget When Retired Once you reach your golden years and start looking back, it seems as if life so far has flown by while we were saving our time, …
10 Money Management Tips for Your Retirement
Even if you’ve been a staunch money manager your entire life, you’ll find that the name of the game drastically changes when you hit retirement. Income and expenses are different. …
How to Save Rs 10 Crore for Retirement without Taking too Much Risk?
Save for Retirement If you are wondering how to save Rs 10 crores for your retirement, you have arrived at the right place. You can follow the simple guidelines given …
Five Ways for 50-Somethings to Get Serious About Planning for Retirement
Get Ready for Retirement You have started saving at an early age and still continue to do so. You are putting in that extra effort and getting extremely serious about …
Retirement in 2018: 5 Stats Everyone Should Know
Retirement Planning in India The first thought in the mind of a retiree would mull on managing the expenses of daily livelihood. With the rise in tensions of lack of …
Should You Invest in LIC New Jeevan Nidhi- Know Details
Maintaining the standard of living seems difficult after retirement. There is no source of income; you have to live on whatever you have saved throughout your life. Your life’s savings …
How to Remain Financially Independent after Retirement
Become Financially Independent after Retirement You may be a young professional with a fixed salary high enough to fulfill all your dreams. You do not give a second thought before …
How SBI Life Retirement Plans Benefits Your Life?
SBI Life Retirement Plans SBI Life Retirement plans are a non-participating unit linked scheme that offers coverage for life insurance and choices to put your money in various funds with …