Plan Your Retirement

Retirement planning as the name implies requires a lot of planning and a multi-decade effort. While the corpus that you are targeting may seem daunting right now, it is well within the reach if you invest in a disciplined manner.

For a worry-free and comfortable retirement, you need to start early, choose good products, avoid debt, and review your retirement investment plan from time to time.

You need to build a sizable corpus that lasts at least 25-30 years. Whatever time you have got it is never too late to start. If you are young and have received your first pay cheque, retirement planning won't be the first thing on your mind. But an early start can give you an edge as you have a longer time horizon and a higher risk appetite, therefore you can invest in equity-oriented schemes. However, if you are starting late, then you should stick to safer options like fixed deposits, debt-oriented schemes, etc. Inflation, lifestyle, and rising medical costs are crucial factors that must be considered while calculating retirement corpus.