Retirement Planning

Two things are certain – (1) we all are mortal and (2) we all are supposed to retire one day or other. Even if some of us may choose not to retire ever – but the word ‘choose’ is very important here. We should be able to make a choice at a certain age – whether to work for money or not. Retirement Planning takes care of that. Its primary objective is not to let you compromise on your lifestyle post retirement i.e. when regular active income stops coming and passive income replaces that. All financial goals are important, but ‘Retirement Planning’ should get topmost priority as this goal often cannot be postponed or adjusted; no finance is available, and the period of the goal cannot be decided beforehand.

In the simplest sense, retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include lifestyle choices such as how to spend time in retirement, where to live, when to completely quit working, etc. A holistic approach to retirement planning considers all these areas.

In the simplest sense, retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include lifestyle choices such as how to spend time in retirement, where to live, when to completely quit working, etc. A holistic approach to retirement planning considers all these areas.

The emphasis one puts on retirement planning changes throughout different life stages. Early in a person's working life, retirement planning is about setting aside enough money for retirement. During the middle of your career, it might also include setting specific income or asset targets and taking the steps to achieve them. Once you reach retirement age, you go from accumulating assets to what planners call the distribution phase. You’re no longer paying in; instead your decades of saving are paying out.

Remember that retirement planning starts long before you retire -- the sooner, the better. Your “magic number,” the amount you need to retire comfortably, is highly personalized. You can use the ‘Retirement Planning’ calculator present in this site or better you talk to us and let’s plan it together leaving no stones unturned.