The planning of retirement is equally considered to be planning for a lifetime. At the time when you are hale and hearty, planning about your retirement is the only thing, which keeps your old age financial woes on side. Regardless of your age, the relevance of retirement turns out to be extremely essential for the remaining golden years of your life.
Many of us think money in the bank, Fixed Deposits, Post office schemes, LIC, and Gold are investments and sufficient to meet our retirement goal. In the process, we fail to understand the difference between Savings and Investments. SAVING instruments are idle to park our money for a short period. Though the returns from the saving instruments are guaranteed, we are unaware of inflation which erodes the value of money over the period. To top it all, as per past trend, interest rates across fixed instruments fall 1%-3% every 10 years but on contrary, our expenses grow multifold regularly, isn’t it? If so, how do we bridge the gap?
Let's discuss how to construct a personalized retirement portfolio to lead your post-retirement life with style. Or lifestyle with pride.