A retirement plan is an assurance that you will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when you are no longer working.
To understand why retirement planning is important, and why you should too, read on.
Independence is the new way of life: An increasing number of young Indian professionals are
moving away from the traditional joint family structure. Since support no longer comes easily,
parents have realized the need to provide for themselves during their retirement years.
Costs set to soar: Skyrocketing costs throw even a well-salaried person off balance. With rates rising everyday, you can imagine how high they will be when you are ready to retire. A retirement plan provides you with a steady income every month, to arm you in the face of rising costs.
Non-earning retirement phase is now longer: Only 4% of India working population
Mostly government employees - are covered by pensions.
The remaining 96% comprises self-employed and salaried professionals who do not have a formal, mandated provision for pensions.
Retire & Relax combination ensure you to meet all your retirement requirements. So you can retire
peacefully from work, but not from life.
1) Everybody retires someday. You are going to retire one day.
2) You will retire from your service or business. but, not from your life.
3) Most people do not plan for retirements. Until they are about to retire.
4) Science has increased life expectancy, you will have longer retired life.
5) You may have to cope up with
a) Higher rate of inflation
b) Increasing cost of living
c) Decreasing interest rates
d) Rising medical cost.
6) Your fixed saving may not be sufficient to provide same life style for almost 3 decades after
you retire.
Have you plan for retirement?
Whether your dependents would have peaceful life if you are not there to support them?
Do you have enough funds to have a happy retired life?
Have you provided for rising critical expenses?
To understand why retirement planning is important, and why you should too, read on.
Independence is the new way of life: An increasing number of young Indian professionals are
moving away from the traditional joint family structure. Since support no longer comes easily,
parents have realized the need to provide for themselves during their retirement years.
Costs set to soar: Skyrocketing costs throw even a well-salaried person off balance. With rates rising everyday, you can imagine how high they will be when you are ready to retire. A retirement plan provides you with a steady income every month, to arm you in the face of rising costs.
Non-earning retirement phase is now longer: Only 4% of India working population
Mostly government employees - are covered by pensions.
The remaining 96% comprises self-employed and salaried professionals who do not have a formal, mandated provision for pensions.
Retire & Relax combination ensure you to meet all your retirement requirements. So you can retire
peacefully from work, but not from life.
1) Everybody retires someday. You are going to retire one day.
2) You will retire from your service or business. but, not from your life.
3) Most people do not plan for retirements. Until they are about to retire.
4) Science has increased life expectancy, you will have longer retired life.
5) You may have to cope up with
a) Higher rate of inflation
b) Increasing cost of living
c) Decreasing interest rates
d) Rising medical cost.
6) Your fixed saving may not be sufficient to provide same life style for almost 3 decades after
you retire.
Have you plan for retirement?
Whether your dependents would have peaceful life if you are not there to support them?
Do you have enough funds to have a happy retired life?
Have you provided for rising critical expenses?
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