![]() ![]() Take some time to evaluate what it is that you want to do post-retirement and factor in these goals. There might be other personal goals that are close to your heart which you might want to achieve post-retirement. Or you might want to build a legacy/wealth and pass it on to your children. ![]() You might want to travel the world or give something back to society in the form of charity. Higher the income, higher will be your corpus requirement. To get a monthly income of Rs.75,000, assuming you get retired at 60 and you need income for the next 25 years, you need a corpus of Rs 2 Crore. You can either invest in an asset that gives you regular income or withdraw from a corpus using a Systematic Withdrawal Plan. Regular IncomeĬonduct a cash flow analysis: Have a baseline for how much you will need each month to pay for your expenses once you retire. Maintaining your current lifestyle/quality of life is possible if you plan it well in advance. It is important that your investments are in asset classes that beats inflation.Īpart from rising inflation, there are other financial risks, fluctuating interest rates, stock market volatility. ![]() In fact, medical inflation is higher than general inflation. Medical expenses are at an all-time high. InflationĪs we all know, the value of the rupee falls, Inflation is galloping. ![]() There are certain things that you need to pay attention to while constructing your retirement corpus. There are four key questions to be asked before you plan to invest towards your retirement:įactors to Consider Before Constructing Retirement Corpus The goal of retirement is to try to guarantee a target level of income ideally from retirement till death to ensure that one can maintain pre-retirement standard-of-living. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |