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Planning for Retirement

Financial planning helps you retain the freedom you've grown used to over the years. With life expectancy increasing and ample time on hand, you can focus on fulfilling wishes and desires closer to your heart that have thus far been elusive. An active and healthy lifestyle during your golden years, supported by a corpus earmarked for healthcare costs can help you address the inevitable medical needs that come with age.

Employer's schemes, personal pension arrangements, and long term savings are best started early. Term and fixed deposits go a long way in ensuring both returns and liquidity, independent of other financial commitments. By working out the quantum of your savings and starting early, planning for retirement can be a breeze.

Planning for retirement also helps protect assets that you built over the years. For instance, an urgent need for funds can be addressed through a loan against the rental income from the apartments you have leased out, without placing additional demands on your cash flows. Planning also ensures a regular income post retirement, tax benefits in the more immediate term, and a comfortable and independent lifestyle for the second childhood that starts after 60.





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