Every individual may have a different view of how they wish to spend their retirement years. Some may want to buy a retirement house in beautiful countryside; while some might want to travel the world. That said, there is cost associated with each of these and for these plan your retirement prudently.

Retirement Planning will help you to calculate your retirement corpus. 

If you wish to live a better lifestyle of what you are living you need to know the necessary retirement funds needed.

Retirement Planning helps you understand how much you need to grow your wealth before you retire and plan for it accordingly.

Through this, you can find out how much you need to save by your targeted retirement date for easy and hassle-free sunset years of your life.

For, Retirement Planning you need to have these in mind:

  1. Estimated Retirement Age - If you knew when you need to retire, you would probably start planning and investing for it right away. You will suddenly realize the importance of dealing with goals immediately, saving taxes, and also of being adequately insured.
  2. life Expectancy - Don't overestimate your health, as you get older, it will get weaker.
  3. Inflation - This can erode the real value of your wealth
  4. Expected return on investments – To overcome Inflation
  5. Your current portfolio size - As dealing with a financial goal now is easier than dealing with it later. 
  6. Expected retirement expenses 
This leads to how much you need to save or invest to ensure you have sufficient funds to live fulfilling retired life. Saving taxes will also add to your retirement corpus in significant ways. Don’t delay your investment. As we suggest You should to be an investor as early as possible, even if the amount is small. You must save, invest, and save some more and invest some more, and in doing so, you will build up your wealth.

Did you know that from the very first day you receive money, not at your job, but the pocket money you received as a child, you have been an 'investor'?

Think back to the first day you received pocket money.

You most likely spent it on food, toys, games, movies and other entertainment, and travel.

How much of it did you SAVE 

Not much, if you were like most children in school and college.

You invested in instant satisfaction, as do most youngsters.

From this young age, your activities, your spending patterns, formed a habit. Your investment behavior started to get set. Your investor psychology began to solidify.

Then you got your first job and started to mingle in the workplace.

At work, you interact with your colleagues, slowly you hear about people making investments in Tax saving mutual funds, or in their PPF. Your HR talks to you about EPF so you know about that too.

You obtain investment facts haphazardly from your colleagues and without really verifying the data, make further investment decisions.

For the next few years, your focus is mainly on saving tax and then you start to think about your life goals. You get married, then have children, educate your children, somewhere along the line you buy a home by taking a home loan.

The expenses continue, and your saving, spending, or investing continues as it did earlier. Your investments receive just enough of your attention for you to feel like you're doing something useful about it.

But are u doing enough

With each well-intentioned step you take along this path, your biggest goal of them all suffers. Your Retirement.

The wealth that you could have built for this crucial goal, does not get built.

What we don't realize is that the success of all our life goals, from buying a car, to our children's educations, to going on a family world tour, to retiring young and retiring rich, depends on our investment behavior
The habits you built as a child dealing with your money can be modified, tweaked and bettered. You can, right now, stop procrastinating, realize the cost of delay, and start planning for your retirement. After all, who doesn't want to retire young and retire rich?

Save Now, Spend Later

It's true.

The more you invest today, the more (much more) you'll have in hand when you are 60.

get a grip on your spending, save more, invest more, and retire earlier and richer.

But be sure to invest in the right places and under professional guidance.

Don't make the mistake of thinking that it's all about equity / property.

You must have a proportion of your wealth in different asset classes such as debt and gold.

That's not all. You also need to keep track of how and when to rebalance your funds.

Remember that as your retirement goal time horizon changes, your asset allocation must change. In your Retirement Plan, your investments need to be rebalanced to reflect the right asset allocation for the goal's reducing time horizon.

Asset Allocation is important for any life goal that you want to achieve.

 Once again, let us urge you to not delay your retirement planning!

Retirement is a crucial financial goal of one’s life. Hence, involve your family because the financial decisions you take are going to have a far-reaching impact on your family. Sit down with your spouse, your children…and discuss what you have in mind.

Together, you both should sit down with your financial planner and work out your retirement plan.

The earlier you start, the easier it will be, and the more of a corpus you will build! 

So, give your retirement plan the attention and importance it deserves!!