Retirement is not an End...It's a new Beginning
Key Points to Proper Retirement Planning :
- It is never too early to start saving. Savings should essentially start as soon as you start earning
- Retirement planning should form an integral part of your financial planning. Even though retirement seems far out, planning for it should be done early on.
- Financial planning should be long-term in nature. One should ignore short-term market movements and volatility.
- Focus on your long-term goals and utilize the investment avenues most suited to your risk/return appetite.
- Retirement planning has three major stages: the accumulation stage, the preservation stage, and the distribution stage.
- Succession and legacy planning forms an integral part of retirement planning.
- Mutual funds are a good way of investing – however, investors should be cognizant of the impact of expense ratios on returns and choose the funds wisely.
- Systematic Investment Plans (SIPs) are a great way to invest in equity mutual funds. They inculcate discipline and help investors take advantage of the power of compounding and rupee cost averaging.
- Individuals have unique needs – thus, every individual will have a unique financial plan that will reflect his personal goals, aspirations, return requirements and risk profile.
For more details on Retirement Planning, Mutual Funds, Financial Planning & Personal Finance contact us at :
Phone No. 9582250638
Email Id: contact@finviseindia.com
Visit our website: www.finviseindia.com
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