Take the road to retirement planning before it is too late3 min read . Updated: 18 Jan 2015, 09:14 PM IST
The two clear lessons that one can draw while planning for retirement are: start early and invest in equities
Life expectancy of people has gone up thanks to advancements in the field of medicine as well as consciousness towards fitness and wellness. We may very well end up pushing our individual envelope towards mid- or late-nineties. With most of us working from 25 years of age until we turn 60, surviving until 95 years of age would mean a proportion of 1:1 between our earning and post-retirement years. In these 35 years of earning, one has to plan for other goals besides retirement, such as for children’s education, their marriage, home, car purchase, funding expenses around fulfilling daily needs, whims and desires, and so on.
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