Outlook Money
Retirement planning is key to achieving financial goals.
India's typical retirement age is 60, but it may vary depending on income, lifestyle, health, savings, and financial obligations.
Tailor the corpus fund according to your short and long-term financial goals and the time you will need to build that corpus.
Ensure your family is financially protected from medical emergencies by taking appropriate insurance coverage.
Keep your Leisure fund separate from your retirement fund to ensure you have enough money for recreational activities.
Select your investments judiciously to ensure steady income in old age.
Diversify your investments to reduce market risks.