Page 2 - Retirement Plan

Already 50 and don't have a retirement corpus? Build equity-heavy portfolio

Saving and investing more aggressively, extending work life are other strategies you may adopt

Retirement planning not topmost priority for urban India, says report

Retirement planning is not the topmost priority for urban India but they worry that savings will not be enough to cover for old age life, with only one in three actively working to meet retirement goals, according to a study. Max Life Insurance in partnership with marketing data firm Kantar conducted a survey to assess the urban salaried class' readiness for content and financially independent retired life. About 90 per cent of people above the age of 50 years in the survey regretted not starting early enough in life to save for retired life. In its second edition, the survey finds the India Retirement Index Study (IRIS) remaining at 44, pointing there is a lag in preparedness over the last one year among the urban salaried class for retired life planning. Conducted through a self-administered digital manner, the survey involved 3,220 male as well as female respondents across 28 cities, of which 6 were metro cities and 12 tier I and 12 tier II cities. Life expectancy is consistent

Avoid financial dependence on children post retirement

Making adequate provision for your spouse and yourself for a prolonged period of retirement must take precedence over distributing your wealth among your children

Three top women execs and the challenges they face in their financial lives

Higher life expectancy, inadequate retirement planning and insurance, and risk aversion are some of the key issues they feel Indian women need to address

Diversify your retirement corpus across products to get a tidy sum at 60

In fact, you need to be more diligent if you're over 50 as there is a higher risk of losing your job, and in any case you have less than a decade to build a nest egg

Tweak your portfolio to help it meet challenges of the new financial year

Check whether you saved adequately during the previous financial year, your asset allocation is in sync, and you have adequate life and health insurance

Time for women to play a proactive role in managing their family's finances

March 8 will be celebrated as International Women's Day. On this occasion, we've got three highly accomplished women from the corporate world to offer advice to their younger counterparts

Retirement funds can nudge investors to save: Who should opt for them?

The disciplined ones can accumulate for this crucial goal, using equity, debt funds, and NPS

SBI Mutual Fund targets to collect Rs 2,000 cr from retirement scheme

SBI Retirement Benefit Fund, whose new fund offer got announced on Tuesday is retirement solution-oriented scheme offering an option of investing as per an investment plan as based on risk profile

Retirement-savings match explained: Key investment plan you must not ignore

According to a survey, 89 per cent Indians do not have an alternative source of income, and barely 1 in 5 factors in inflation while planning for superannuation

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

Want to start building retirement corpus early? Use these expert tips

If you are risk tolerant, adopt an aggressive investment strategy and invest in market-linked funds

How to use your VRS money to generate passive income once you've retired

Younger people who have many working years left may spend a part of the retrenchment compensation on re-skilling themselves

If you want to retire...

I'm looking forward to not having to shave or travel and, instead, potter about the house harassing the dog, growing some bhut jolokia chillies and admiring my bookshelves

Opt for low volatility after retirement

If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments

77% Indians don't save for retirement, most depend on children for support

While health spending accounts for 13% of total consumption expenditure for elderly households

Skip the avocado toast, save for retirement

Millennials can't count on being bailed out by stock and housing markets