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Why do you need Retirement Planning?

Retirement Planning

You have planned many things in your life. You have made plan for Buying a car, Building your dream house, your child's education, Vacation abroad, your child's marriage. 


Don't you think that Its the time to plan for your Retirement?...


When it comes to time, We place ourselves last on our priorities. After spending for monthly EMIs, Child Education and other bills, we tend to forget to set aside some money for our Retirement. Sooner or later, the Retirement will soon catch up. But, Are you prepared?...

Retire Gracefully

Your Retirement Years will last as long as the number of working years. Marinating the same life style after retirement will become a challenge if your are not taking steps early. Please talk to our expert team to achieve your  retirement goals. 

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Reasons to plan early

Increasing Life Expectancy

As per the data, the average life expectancy of Men - 67 years and Women - 71 years. Marinating the same life style needs more savings and Investment in the early stage of Life. 

Inflation can burst your monthly expenses

If your monthly expenses of Rs.35000/- now, will increase upto Rs.1.56 lakhs after 30 years with 5% annual Inflation.

Your Responsibilities don't end after Retirement

You may still need to support your family and kids even after Retirement. You health and medical expenses has to be managed even after you stop taking salary.  

Less Social Security support from Government

As Government will not be in position to support the entire burden of retirement needs of population, you should plan in advance to meet your future requirements.

"Discipline and Small Savings from early age can ensure an adequate corpus for your retirement"

How to Plan?

Start Early

Start saving small but start saving early in a disciplined way is very important.

Incremental Savings

As your Income goes up, Its important to save incremental year over year. When your income goes up by 10%, You should increase your savings by 10% year over year.

Proper Asset Allocation

At young age, You should take Higher Risk by Investing into Equity assets as It will help to generate more risk adjusted return over a long period of time.

The benefits of early retirement planning

 

Retirement planning is the process of setting aside financial resources to support oneself during the later years of life. Here are some benefits of retirement planning:


  1. Financial security: One of the primary benefits of retirement planning is financial security. Retirement planning allows you to build a nest egg that you can rely on during your retirement years. This can help you avoid financial stress and uncertainty in your later years.
  2. Flexibility and control: Retirement planning gives you control over your financial future. You can decide how much to save, when to start saving, and how to invest your money. This gives you flexibility to adjust your plans as your circumstances change.
  3. Compound interest: The earlier you start retirement planning, the more time your money has to grow through the power of compound interest. This means your money can earn interest on top of interest, leading to significant growth over time.
  4. Tax benefits: Retirement planning can offer significant tax benefits. Contributions to certain retirement accounts may be tax-deductible, and some retirement accounts offer tax-deferred growth, meaning you don't pay taxes on your investment earnings until you withdraw them.
  5. Peace of mind: Knowing that you have a plan in place for your retirement can provide peace of mind. You'll be able to enjoy your retirement years without worrying about your finances, and you'll be better equipped to handle unexpected expenses or emergencies.
  6. Health benefits: Retirement planning can also have positive effects on your health. Financial stress has been linked to a range of health problems, including anxiety, depression, and heart disease. By reducing financial stress through retirement planning, you may be able to improve your overall health and well-being.


The Retirement planning is an important part of securing your financial future and enjoying a comfortable retirement. By starting early and making smart decisions, you can build a solid financial foundation that will help you achieve your retirement goals.

Get IN TOUCH

It is never too early to get started on your investment plans. Tell us more about your goals, and we will get you started on a plan to achieve them.

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Mobile : +91 9000187352 Email : connect@finmagic.in

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