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5 simple steps to arrive at an ideal
retirement plan
Step 1: Decide how much income you require
to live comfortably in your post-retirement years. Remember
to take into account aspects like increased medical costs, vacations and
gifts for family, but
reduce costs like children's education and rent, if you own your home. Use our easy
Inflation Index Calculator to calculate the
impact of inflation.
Step 2: Determine how much you need to save regularly
starting today. Use our Retirement Calculator to determine how large a kitty you will need and how much
you need to save each year.
Step 3: Select the right retirement plan
that enables you to meet your post-retirement requirements.
Preferably invest in market-linked plans, which can provide you with potentially
higher returns in the long run. Our Life Stage Profiler will help you select the plan that meets your criteria
Step 4: Start saving now
so you have time on your side and can enjoy the power of
compounding. Use our simple Power of Compounding Calculator.
Step 5: Systematically invest a fixed amount
every month for your post-retirement years.
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