Retirement Planning: Where will my money come from? AddPlans.in

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I consider this as one of the major financial events of anybody’s life. Average mortality of the people is increasing day by day. Which means retirement life is longer than working life. So your spending phase is longer than your accumulation phase. Starting early your retirement planning makes sense as you have to contribute less to build up your corpus.

You should think that if your return on investment is giving more than inflation of the country post tax?

This requires a continuous planning and monitoring as your investment style changes over a period of time and also your risk appetite. One of the major planning one need to consider for retirement planning is how much should I expect to run my lifestyle post retirement. Now we normally don’t consider one of the major expenses at that point is health related expenses as you live longer your expenses towards health will also increase which your health insurance may not cover at that time.

So its very crucial to create retirement corpus to be financial independent.