FAILING TO PLAN FOR YOUR RETIREMENT NOW IS PLANNING TO FAIL FINANCIALLY AFTER RETIREMENT. BUT TO BE ABLE TO LEAD A COMFORTABLE LIFE POST RETIREMENT, YOU NEED TO HAVE SIGNIFICANT RETIREMENT CORPUS AS WELL AS A STEADY SOURCE OF INCOME.

ROLE OF MUTUAL FUNDS IN YOUR RETIREMENT PLANNING

• If you are a Central Government employee, most of the financial aspects of your retirement are already sorted by th...

IGNORING OTHER GOALS

• Along with Retirement Planning, one should also plan for any pending expenses such as kid’s higher education, wedding, etc.

• If you don’t plan for other critical goals, you may end up dipping into your retirement corpus to meet them. This diversion of the retirement fund is proving to be a big worry.

• Besides kid’s education, people tend to withdraw money from their...

HOW MUCH YOU WILL NEED TO RETIRE?

RETIREMENT PLANNING SHOULD START FROM THE DAY YOU START EARNING. IT’S SOUND ADVICE THAT ALMOST NOBODY FOLLOWS.

NO MATTER YOUR AGE, WORK PROFILE (SALARIED OR CONSULTANT) OR INCOME LEVEL, BELOW QUESTIONS WILL HELP YOU CALCULATE THE NEST EGG YOU NEED TO BUILD SO THAT YOU DON’T JUST RETIRE BUT RETIRE IN COMFORT.

HOW SPENDING PATTERNS CHANGE WITH AGE

• Age makes a differ...

Many investors prefer to have direct ownership in stocks. Remember that this route has its risks, with companies like Jet Airways, Kingfisher, Reliance Communication, Unitech, etc being prime examples. Nearly 70% of companies ever listed have faded away. One needs to have reasonable expertise before investing directly in stocks.

As one entered the airport on April 18, 2019, it was sad to see the ai...