WANT TO PLAN FOR YOUR RETIREMENT?

Retirement Plans are specially designed to meet your post-retirement needs. 

To ensure that you enjoy your golden years with financial independence, plan for your expenses and needs well in advance. 

STEPS TO BUILD A RETIREMENT CORPUS

1. Determine your monthly expenditure

Calculate the amount you will need every month to take care of your day to day expenses.

2. Ascertain your retirement duration

Retirement duration is the difference between ‘Life Expectancy’ and ‘Retirement Age’. For example, if you want to retire at the age of 60 and expect to live till 80, your retirement duration is 20 years. 

3. Prepare for your retirement plan early

Planning for retirement should be done from the time you start earning. So, start investing since the beginning of your earning period to enjoy a healthy & wealthy retirement

4.Decide retirement corpus

Once you know your monthly expenditure and retirement duration, calculate the inflation adjusted corpus that you will need to fund the total expenditure during your retirement.

5.Ascertain SIP amount

To arrive at the amount that you should invest periodically, determine your expected return & risk to arrive at a suitable asset allocation.

6. Keep investing regularly

To harness the power of compounding, keep investing regularly with discipline.

7. Review & rebalance periodically

Periodically review your investment to manage asset allocation, keeping the risk level in check and goal on track.