Retirement Planning:

Retirement planning is the process of determining retirement income goals, actions and decisions necessary to achieve those goals. It includes identifying sources of income, sizing up expenses implementing a savings program, and managing assets & risk.

Why Retirement Planning is essential?

Retirement planning helps to determine how much to save today for retirement; how to invest the savings to get the desired returns; how to protect the assets and provide for in case of unfortunate events and how to make judicious use of retirement income post retirement.

The following are the reasons why retirement planning is essential:

Therefore, to lead a peaceful and uncompromised life during retirement, it is essential to start planning and investing towards it.

Ways to plan for Retirement:

Thumb rule for Retirement Planning:

10/30/60 Thumb rule:

This is the typical breakdown of where retirement income comes from:

The actual investment returns over lifetime will depend on the appetite for risk and the mix of assets investing.

Best retirement planning tips to consider for an individual:

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