Financial Planning For Retirement

-
Every person in this World comes to an important phase that is Retirement. After giving your precious time to your job finally it comes. After handling much of responsibilities in job and other related work , now the time comes which is called Full Family Life. Retirement also comes with with its own share of financial woes and unpredictable measures. The absence of a regular monthly income means that strain is put on the existing savings and returns from investments. Here i am discussing  some simple ways, financial planning for retirement

Financial Planning For Retirement 

 Step by Step Guide  Financial Planning For Retirement 

  • Increase the Investment with increase in income

    It simply indicate that you must stick to the point that if you got an increment or promotion in your job simultaneous your investment should be increased. If you follow the situation this way, you will definitely increase your wealth for retirement. You can easily calculate your investment and income here.

    Financial Planning For Retirement

  •  Start Saving Early

    The first rule of retirement planning is the easiest to follow. Firstly, you can start by setting aside at least 10 – 15% of your income annually to your retirement in order to have enough income during retirement.Secondly, it’s okay if you start your retirement planning in your 30s. However, to ensure a stress-free retirement period, due planning has to be done much earlier. 

    Financial Planning For Retirement
     

  • Invest in Real Estate 

    It is the most common and easy way to generate guaranteed wealth for your retirement. Since rents increase every year, this form of income also helps stay ahead of inflation. In addition, we can also sell the real estate asset and create an addition corpus for investment.
    Financial Planning For Retirement

  • Monthly Income Scheme at Post Office

    This investment scheme offers a guaranteed return of 7.7% annually, offers a monthly fixed income, keeps the initial capital safe and yields better results than other debt instruments. The scheme also provides for a recurring deposit into which the income can be parked. This accelerates savings. The maturity period is 5 years. There is no TDS for this scheme but the interest earned is taxable. The scheme does not qualify for tax benefits under section 80C of the Income Tax Act.

    Financial Planning For Retirement


  •  Mutual Funds

    One of the most important investing plant for your retirement is Mutual funds. These investments have higher liquidity and allow the investor to earn a steady income. They carry lesser risks than investing in the primary market and yet offer good returns on investment.

     Financial Planning For Retirement

    Conclusion 

    At the above given ideas and research it show how to do financial planning for retirement without taking any additional help from professionals. If anyone follows these rules of saving, investing, dividend yield can more enjoy there life after the retirement. By the above information it also show that if we can start investing early we can achieve more than start late. If you are started your recently it is your turn to start investing wealthy and wisely. I suggest you to stick to above for Happy Retirement.

    Thanking You,


  


Comments

Post a Comment

Popular posts from this blog

How To Prevent Phishing

-
Image
What is Phishing? Phishing is term used to describe methods used by fraudsters to obtain private access data i.e password or credit card information . In doing so, they abuse electronic communication media, including emails, in order to impersonate a trustworthy person, company or institution. Here I am going to tell u how to prevent phishing. Let's see the points. Most phishing methods simulate the relaying of technical information through a link in an email. The fake website that is reached by clicking on the link looks deceptively similar to that of the real institution. The online customer is then supposed to enter their access data i.e user code, password, credit card number etc.  How you can protect 100% yourself from Phishing 1.   Use firewall and virus protection software and make sure you update these regularly. Make sure that you carry out all software updates for your operating system and other programs that you use or make use of the a
Read more

Why are Viruses Hard to Kill and Tough to Treat? like COVID-19

-
Image
Virus are among the biggest threats to humanity, with the current pandemic showing how these virus can shut down countries, halt entire industries and cause untold human suffering as they spread through communities. Here i am going to tell you Why are Viruses Hard to Kill and Tough to Treat? like COVID-19. Let's see 1. Hard to Kill & Cure Viruses have also evolved in such a way that they are difficult to kill. They are very hard to cure as we see Corona virus. Viruses don't really do anything, they are effectively inert until they come into contact with host cell. "But as soon as that happens, they switch on and come to life". 2. Odd Thing The very odd thing of these infection agents is part of what makes them very difficult to defeat. They are harder to target with drugs. The viruses are not alive, the fact is that "they are not alive means they don't have to play by the same rules that living things play".
Read more

NO Money How to Start a New Business??

-
Image
Many peoples in today's World are not in position of Government Job or any Private Job. Some of them wanting to start their own business, but the main and real problem is Money. In this Blog, I want to give you people a Idea that how to start a new business when you have no Money . It is applicable for all parts of the world. So, I am giving you step by step guide. So lets start....    Start your o wn business with No Money (A step by step Guide) We don't actually need lot of money to start a business from ZERO. In today's World their are many opportunities around you, Which allo w you to start your business when you have no money in your pockets. Here i can divide it in t wo parts i.e  Offline Business Offline businesses are those in  which you can physically do your  work at some places. This require your physical presence at place. You have to interact  with peoples by met them and done the  work in their presence. Some of the offline business i
Read more