Most of the people I even have met haven’t planned for his or her retirement as they assert ‘future is unpredictable and that we got to sleep in present’ but my dear friend’s future is that the outcome of present, our present will decide our future. once we consider retirement we generally consider adulthood , a period once you need to hand over the work and sit reception doing nothing. Contrary to the very fact , most of the retiree lives a really active life. we’d like to significantly consider out planning towards retirement because once we retiree our income stops coming but our expenses remain because it is and in some cases it rises with the rising inflation.
In this regard open-end fund has clothed to be the proper account making retirement planning easier and safer. open-end fund being managed by professionals may be a key to effective retirement planning.
Some people love it . Some people don’t but the very fact is that retirement may be a reality for each workman . Most children today think cannot consider retirement as reality as they believe ‘living at present’. However, it’s important to plan for your post-retirement life if you would like to retain your financial independence and maintain a cushty standard of living even once you are not any longer earning. this is often extremely important, because, unlike developed nations, India doesn’t have a Social Security net. In India people still depend on bank savings and glued deposits for retirement purpose, which is unfortunately inadequate.
Retirement Planning acquires added importance due to the very fact that though longevity has increased the amount of working years haven’t, so you finish up spending the last phase of your life without earning.
In simple words, retirement planning means ensuring you’ll have enough money to measure on after retiring from work. Retirement should be the simplest period of your life, once you can literally sit back and relax or enjoy your life by reaping rewards of what you earn in numerous years of diligence . But it’s easier said than done. to realize a hassle-free retired life, you would like to form prudent investment decisions during your working life, thus putting your hard-earned money to figure for you in future.
With the special features of mutual funds like Systematic Investment Plan, Systematic withdrawal plan, systematic transfer plan additionally to other unique features of various funds, the investor can easily plan for its post retirement requirements and ways to realize it.
Unlike many other countries of west, in India we don’t have state-sponsored Social Security for the retired people. While you’ll be entitled to a pension or income during retirement, but will it’s sufficient post retirement.
Although the compulsory savings in provident fund through both employee and employer contributions should offer some cushion, it’s going to not be enough to support you throughout your retirement. that’s why retirement planning is extremely important for each one. More over with mutual funds the investors can actually plan for themselves and also achieve their planned objectives. As compared to direct equities this feature of open-end fund is far safer for planning your retirement corpus.
There are many reasons for the working individuals to secure their future emergence of separate families and its attendant insecurity, increasing uncertainties in personal and business life , the growing trends of seeking early retirement and rising health risks are among few important risks. Besides falling interest rates, also the sustained increase within the cost of living make it a compelling case for people to plan their finances to fund their retired life.
Planning for retirement is as important as planning your career and marriage. we’d like to require conscious and careful decisions to organize for our retirement. Life takes its own course and from the poorest to the wealthiest, all gets older with time. We grow old a day , without realizing. With our coming adulthood we tend to become more understanding to the facts of life and realize the importance and impact of retirement. the longer term depends to an excellent extent on the alternatives you create today. Right decisions with the assistance of proper planning, taken at the proper time will assure smile and success at the time of retirement.
In my words, retirement planning means ensuring you’ll have enough money to measure on after leaving your work. Retirement should be that period of your life, once you can sit back and relax. Retirement should bring more of enjoyment in your life by reaping rewards of what you earn in numerous years of diligence . But it’s easier said than done. Most of the people live their worst life during retirement. to realize a hassle-free retired life, you would like to form right investment decisions during your working life, thus putting your hard-earned money to figure for you in future. If you’re not very conscious of the investment that you simply got to undertake then you’ll easily take help of online advisers to assist you together with your pension plan through mutual funds. the sooner you begin the higher it’s for you.
Now retirement planning are often through with one click and with the recommendation of a registered open-end fund advisor by Association of mutual funds in India (AMFI). Fill this retirement questionnaire to understand your current financial situation and your investor profile which can assist you plan for a worry-free retirement.
This is a no obligation free open-end fund advisory; investors can make informed open-end fund investment decisions with the expertise of our advisors.
