Retirement is our
right and we should decide when to retire
Authored by: Ajit Panicker..an old write up
Retirement is one
phase of life though everyone wants to get in, but the phase being so morose
without any excitement and no cash surpluses to enjoy , that each individual
tries to postpone his retirement by 5-15 years, according to many government
organizations the retirement age varies form 58-62 years, but people would
still go in for another stint of work for say 10 years, the reasons are many,
responsibilities are still left, nothing left after providing education for
children and getting their jobs settled and also their marriage in many cases.
Do we really realize, that life has a right to be spend by your name for your personal recreation also , at least in the retirement. Now the problem arises because we do not have the retirement fund available with us, enough to even feed us the way we used to when in job, how can one think of recreation , long holidays or playing golf.
Here comes in the responsibility of a well read Financial planner who, creates a retirement corpus for you and actually plans and starts this when probably you got into your first job, because the corpus needs to be such that you are able to spend with same expenditure as you were able to when in job, live upto the same expenses, for this there are various plans available in forms of NPS(new pension scheme), pension plans like Retiresurance from idbi fortis, ICICI pru lifetime pension maxima,icici pru lifestage pension advantage,LIC new jeevan dhara-1, and good annuity plans. The calculation of the retirement corpus is done taking into consideration your current monthly household expenses, inflation @8%, also that the increment in your salary or income every year to be 10% atleast.
Pls consult a well read and experienced financial planner
Do we really realize, that life has a right to be spend by your name for your personal recreation also , at least in the retirement. Now the problem arises because we do not have the retirement fund available with us, enough to even feed us the way we used to when in job, how can one think of recreation , long holidays or playing golf.
Here comes in the responsibility of a well read Financial planner who, creates a retirement corpus for you and actually plans and starts this when probably you got into your first job, because the corpus needs to be such that you are able to spend with same expenditure as you were able to when in job, live upto the same expenses, for this there are various plans available in forms of NPS(new pension scheme), pension plans like Retiresurance from idbi fortis, ICICI pru lifetime pension maxima,icici pru lifestage pension advantage,LIC new jeevan dhara-1, and good annuity plans. The calculation of the retirement corpus is done taking into consideration your current monthly household expenses, inflation @8%, also that the increment in your salary or income every year to be 10% atleast.
Pls consult a well read and experienced financial planner
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