Each year of your working life is mapped to each year of your retirement life.
“A Year Lost = More Pressure On Retirement Life.”
Mistakes people make in Accumulation Phase
Starting Retirement Planning Late.
Underestimating the effect of Inflation.
Not factoring in Dependent Expenses.
Using Retirement Corpus for other goals.
Not Choosing the right asset class of Investment.
Underestimating healthcare cost.
Why is retirement planning the most important in india?
LACK OF COMPREHENSIVE SOCIAL SECURITY
Increasing Life Expectancy
Rising Healthcare Costs
Rising Costs of Living
What Retirees Are Worried About?
“Retirement is like a long vacation. The plan is to make the most of it, but you need enough money to truly enjoy it.”
Worries Related to Managing Finances Post Retirement
Lack of family support in managing finances is one of the top 5 worries, given that -24% of Indians reported to be dependent on family members post-retirement, especially on their spouse.