Investing Insights

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How To Plan For Retirement As Per Your Age

Retirement is a major life event that many people look forward to, and one of the key objectives of availing high quality financial advisory services is to ensure that you have an adequate retirement corpus in place. For some, retirement is a time to relax and enjoy the fruits of their labor. For others, it's a time to travel, pursue hobbies, and spend time with family. Regardless of how you plan to spend your retirement, it's important to plan ahead. Here are some tips on how to plan for retirement, based on your age.

When should you start with Retirement Planning?

Don’t be fooled by all those advertisements featuring retired couples sipping cocktails on a sunny beach. Retirement Planning is serious business; and a mix of social, cultural, and economic factors are making it a more critical element of your financial planning with every passing day. Unfortunately, recent research also shows that only about 50% of us are habitually saving for our retirement planning.

In Your Thirties? Avoid These Common Retirement Planning Mistakes!

Are you in your thirties right now? Your retirement may seem a long way away today; but this is really the best time to start planning for it – if you haven’t already. A multitude of factors are increasing the need for maintaining structured, disciplined and committed action towards your retirement portfolio. Here are four mistakes to avoid on your journey.

What is Retirement Planning?

For most of us, Retirement Planning isn’t something we take seriously until we hit our mid-forties. One fine day, we get up realising we’ve got less than a decade and a half left until we hang up our work boots, and panic sets in! Since we no longer have time on our side, we end up making massive lifestyle compromises in order to put together a corpus that’s sizeable enough to help us pull through our non-earning years. Needles to say, this isn’t an enviable position to find yourself in.

Retirement Planning: Generating Income Through SWP's

New retirees typically face the common dilemma of how best to generate retirement income from their hard-won savings. Should they purchase an annuity, opt for a post office monthly income plan, buy real estate and earn rental incomes, or for that matter – just be content with earning FD interest? But did you know that even for post-retirement income generation, Mutual Funds Sahi Hai? In fact, Mutual Fund SWP’s (Systematic Withdrawal Plans) represent one of the simplest, most tax-efficient and high yielding income generation methods available today.

How Not to plan your Retirement!

Read this blog to learn things to avoid while planning for retirement. Reconsider your investment strategy if you are doing anyone of these. To know more, visit FinEdge now.

Retirement Income Generation – Mistakes to Avoid

Much has been said and written about how to save enough for your retirement, but there’s lesser awareness about ways and means to effectively generate a reliable income stream from your hard-earned retirement corpus, after you’ve finally hung up your work boots for good! As a result, many retirees end up repeating a series of all too common mistakes when it comes to retirement income generation – some easily reversible, some catastrophic and irreversible. Here are three common retirement planning income generation mistakes that you should be watchful for.

5 Retirement Planning Mistakes to Avoid in 2025

Anecdotal evidence suggests that more and more people are starting to take the Retirement Planning seriously. Indeed, that’s a wise move, when you consider that in a worst-case scenario, you can take up loans to fulfil your other goals; but no such loans will be available to you once your income stream stops for good. Besides your day to day expenses, you’ll also have the inevitable set of medical expenses to take care of. If you’ve decided to take a serious shot at accumulating a sizeable retirement fund, here are five all too common mistakes you should be avoiding this year.

3 Tips to Plan your Retirement with Mutual Funds

Mutual Funds offer a strategic approach to retirement planning through aggressive SIPs, disciplined investing, and systematic de-risking, ensuring financial security and steady income post-retirement.

3 Tips for Planning your Retirement using Mutual Funds

Struggling with retirement planning? Nobel Laureate William Sharpe calls it the “nastiest problem in personal finance” due to unpredictable factors. While Mutual Funds can’t eliminate all uncertainties, investing in equity funds, leveraging ELSS for tax benefits, and avoiding early withdrawals can help you build a secure retirement corpus.

The Top 3 Ways to Generate an Income From Your Investments

Generating a tax-efficient retirement income is crucial. Consider government schemes like PMVVY, SCSS, and POMIS for stability. Systematic Withdrawal Plans (SWPs) from debt mutual funds offer better tax efficiency than dividends. Dynamic Asset Allocation Funds (DAAs) provide growth potential with tax-free dividends. Consult a financial advisor to optimize your retirement portfolio.

EPF Versus NPS. Should You Switch?

EPF vs. NPS – which is the better retirement option? While NPS offers market-linked returns, EPF provides fixed returns with tax-free maturity benefits. The mandatory annuity purchase and taxability of NPS withdrawals tilt the balance in favor of EPF. However, for long-term flexibility and growth, Mutual Fund SIPs remain the best option for retirement planning!