Retirement planning is a must. Retirement is the phase of life when we stop working for money. It may be a planned one or one by compulsion. In case of retirement by compulsion, the retirement age is mostly 6o. If we consider a life expectancy of 85 years, post-retirement you would have to support your life for 25 years without an income. That’s a difficult situation that demands a thoughtful planning.
Also, for all your goals you can get help in the form of a loan but not to support your retirement. You have to take care of it by yourself. So, consider it as the most important goal in your life that needs to be planned.
Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute professional advice. While full efforts have been made to ensure the accuracy of data and numbers, no responsibility is taken for any errors or omissions. Tax implications on insurance, investments and returns from related products may change due to updates in tax laws. Always consult with your financial advisor or insurance expert before making any investment or insurance decisions. The author is not responsible for any financial losses or damages incurred as a result of relying on the information in this blog.
