Himani Verma
Ensure you do not run out of funds by making a proper plan with realistic numbers and updating it periodically or at a major life event.
If your income does not increase in line with inflation, your living standard may drop.
If inflation spikes significantly, the cost of living will increase, adversely impacting the retirement corpus.
Many retirees depend on fixed-income sources like bonds, pensions, and annuities. These incomes may lose value due to inflation.
Individuals who factor in inflation and fill the gaps in their plans are less likely to struggle financially post-retirement.
Properly calculate your expenses to get a more accurate corpus target.
Compiled By Himani Verma