Saturday, July 19, 2025 | 08:54 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Planned for your retirement yet? Here are some quick thumb rules to start

Heuristic guidelines are a good place to start. Once you get a hold on them, seek professional advice

investment,saving, money, retirement, rupee
premium

The more time you have for retirement, lower is the amount you need to save. Even a small amount works out to a tidy sum in the long run

Bindisha Sarang Mumbai
India is no longer a nation of savers. Instead, we are focusing more on current expenses rather than saving and planning for the future, reveals a survey by PGIM India Mutual Fund.

The survey, titled Retirement Readiness Survey 2020, states that retirement planning ranks low on people’s priorities, even as children, spousal security, fitness and lifestyle rank higher.

Ajit Menon, chief executive officer, PGIM India Mutual Fund, says, “Given the current economic challenges emerging in the wake of the pandemic, the need for future financial security or financial freedom is even more pertinent today. The only financial goal which does