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What is Retirement?

Retirement refers to the time of life when one chooses to permanently leave the workforce behind. In simple language, it is just long break from lifetime hard work. In India the age of retirement is 60. At this stage of your life you can do whatever you want to do. Enjoy the life as if never before. But is it possible without planning? No.

Why Retirement Planning?

As we all know in India no such retirement product or schemes available. Countries like US, UK etc are well developed countries and government of their can take care of all who gets retired. In India, one needs to take care of his/her retirement on his own. Government is not going to adopt us. And as earlier times, we cannot depend on our kids for the same. So what to do?

India is stepping forward in new era of developing and along with it each and every citizen has to step into it. So how can we struggle with this? Easy answer to it is – “Retirement Planning”.

Benefits of Retirement Planning:

1.   Retirement planning helps you to maintain your desired lifestyle during your old age.

2.   It provides financial security to you and your loved ones.

3.   It helps you to prepared for any unforeseen and unplanned expenses come.

As we know retirement has many positives but along with that it has comes up with some negatives as well. Because of aging, there are so many physical and mental complication come for which if we won’t be able to prepare, then it may create disaster and so on.

So we need to be prepared for retirement.

How?

Now as we know the important of retirement planning, the next question arises how – right? Simple answer to it is to start early and have patience. The best way for Retirement plannig is to start SIP (Systematic Investment Plan). Start SIP as early as possible and stay invested till your Retirement.

For happy Retirement  take help of Financial advisor and be worry free.