Namastey 🙏🏻🇮🇳
Hello friends, how are you all ? wishing you all happy and prosperous life ahead.
Today i would like to share about my personal experience of retirement Plan, why it is important to to do your retirement planning at early stage.
Retirement planning will help you in your old age to enjoy their golden years with peace of mind, free from the stress and tension of financial problems or depends on others for support. This planning is not about how we should manage your money or funds, how we save money to move around in the future and can do enjoy every moment of life without being financial stress. Say big "No" to your money instability in future, so start planning retirement plan from today onwards for happy and stress free life in future and have secured and stable financial life in future.
What is retirement planning
Financial planning is a step-by-step approach to meet one’s life goals. Financial planning plays a crucial role in everybody's life, if you don't manage your fund today then you have to face financial instability in future. Almost every financial plan acts as a guide as you go through life’s journey. It analysis your today's expenses, your total income, on the basis of that create complete map of what your expenses may be in the future, how much savings you should start accumulating to fulfill your future desires without facing any financial crises.
Why Retirement Planning is important
There are many reasons for adopting a retirement plan. The first reason is that your future should be secure, you should enjoy your life and travel, When you don't have a job and your source of money is limited. Nowadays inflation is increasing, hence our expenses are also increasing. Taking care of your expenses from your salary is a big deal now, still we should save a little bit for our future, when we will get Retired. We can do this much today so that when our old age comes, we can live a good life without any compromise. Illness never comes by talking, whenever it comes it goes away with the loss of lakhs.
Manage your money today in such a good way that you never face financial problems in the future and you neither have to depend on anyone nor have to ask for money from someone.
Go for best investment
There are various investment avenues suitable for Retirement Planning. Traditional options like Public Provident Fund (PPF), Employee Provident Fund (EPF), and National Pension System (NPS) offer tax benefits and better returns. Now almost 80% of the companies deduct some amount from our salary and invest in these future retirement plans, We get that big amount of money with High interest when we leave the job or take retirement.
Yes, I have also started planning for my retirement, like I have taken health insurance, invested in FD, gold, mutual funds and stocks to get higher return. I totally believe in diversification to to reduce your chances of experiencing large losses and helps to reduce risk and may lead to a higher return.
Thankyou
@gargi 🙏🏻🇮🇳
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