POSTED BY March 29, 2014 9:14 am COMMENTS (7)
ONMy employer doesn’t provide me pension. So I want to have a pension plan for me. Age 28. Started SIPs, PPF and have taken a term cover. Planning retirement by 55. I would like to have a pension plan.
A) Is it better to accumulate a corpus and enjoy the interest from that corpus as pension? Which is the better way for it? PPF?
Or
B) Join any pension plan, which pays me regular pension after the age of 55? If so could you please suggest me some? Thank you
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Dear Sachin, please visit freefincal. com and check their a lot of calculators.
Thanks
Ashal
Dear Dr. Sachin, how much money you are calculating as expense as on date for current month? What is the inflation rate in your calculation?
Thanks
Ashal
Thanks Ashal
1.What i am looking for is how to get regular income during my retirement days.
2. It can be a policy, a pension plan, a pension scheme what ever.
3. Actually what im trying to do now is, planning for my retirement from the age of 28 years.
4. I know it requires for me to know my monthly expenditure of current days, and that at my retirement days.
5. As Im not married yet, i wont be able to calculate it accurrately now i guess.
6. I know early investment is the rule , in the field of investment
7. For making an early investment for such purposes, i mean for long term goals, is there any tool? or which is the best tool? (tool=investment option)
Thank you
Dear Dr. SAchin, how did you calculate? show me your calculation.
Thanks
Ashal
Thanx Ashal.
Funds india website proviides a tool for calculation. Also step 6 in maneesh’s book How to be Your Own Financial Planner in 10 Steps.
Thanks
40 to 50,000 a month at the age of 55 and at the age of 85 it can go to 85,000 a month, when counting the part of inflation
Dear Dr. Sachin, how much pension do you need at age 55, 65, 75, 85?
Thanks
Ashal