RETIREMENT PLANNING

RETIREMENT PLANNING

In a recent article published by a leading daily, it read “India is one of the Worst Places to Retire”. This is indeed true, India has no Social Security measures, no Health Care for the elderly, one in 3 elders are orphaned and there is no Loan given for Retirement.

“The goal of retirement planning is to create a plan. It feels silly to come out and say that, but from what I’ve seen, most investors never actually take the step of creating a concrete plan. Instead, they read a few articles about various retirement planning topics and they leave it at that. (And many investors don’t even do that much.) The more specifically you’ve planned how you’ll manage your portfolio — and your finances in general — the less likely it is that you’ll have to go back to work or dramatically reduce your spending later on in retirement.”

Think it over, your Child can take an “Education Loan”, you can take a “personal Loan” for daughter’s marriage but there is absolutely No Loan being given for Retirement. So, basically after retirement you are left to your own. No parent wants to be a burden on their kids and we all want to lead a Luxurious life after Retirement. 

Many perceive retirement as a “Low” priority goal but this should be your top goal. As and when you start earning, you keep aside 5% of your monthly income for retirement. Trust us, your EPF & VPF will not cover your Retirement. With Life expectancy & Medical costs rising day-by-day, planning for Independent-Retirement was never more.

Retirement should be Fun & world tours should be taken and monetary-independence must be enjoyed. But we don’t expect you to plan out your own retirement, No, Everyone needs help & it’s okay to not-know.

If you are confused about your retirement and are finding it difficult to think in advance then consult Value Wealth Advisory Services today. Under the assistance of our finest personals, we promise in solving all of your retirement related worries instantly.