4 replies on this article “retirement planning”

1. Narayan says:

   January 5, 2012 at 1:32 pm

   You should start investing towards retirement with whatever sum you can and as early as possible. This way you gain from long-term power of compounding and the benefit of riding various market cycles. There is no specific figure that you can put to the sum that you will need in retirement unlike say a goal to accumulate Rs 50 lakh for a flat or Rs 7 lakh to buy a car.

   Start investing early and understand that investing towards retirement is an ongoing process which you need to frequently review to arrive at a corpus that will meet your requirements in retirement. There are several online tools available to indicate how much you need to save/invest based on assumed inflation and return rates to arrive at the sum that should see you through in retirement.
   Regards
   Narayan

   Reply
2. Ramesh says:

   January 5, 2012 at 12:40 pm

   Dear Mr. Bhumesh,

   Can you please elaborate on how this contribution is going to be used?

   And specific links have been removed, because of forum rules. Thanks.

   Ramesh

   Reply
3. ashal jauhari says:

   December 28, 2011 at 8:06 pm

   Dear Purnima, Please answer the following questions.

   1. your current age
   2. mly expenses
   3. current sum assured from those LIC & Kotak policies
   4. any running loan say home or car
   5. marital status
   6. If married, what about the income of your spouse
   7. if married size of family & no. of dependents
   8. age of kids if any
   9. retirement age as per your job & your own take
   10. May I know how do you come to that 30L figure sufficient thinking?

   If you feel I’m asking too many personal questions. You may chose to ignore answering anything. In case you want to keep privacy for your private data & ready to share, please ask dear Manish to provide my e-mail id to you.

   Thanks

   Ashal

   Reply
4. VIGNESH BASKARAN says:

   December 28, 2011 at 2:18 pm

   Hi Purnima,

   No need to have any confusion. There are lot of people in jagoinvestor who can clear our doubts . so feel free to ask your doubts.

   1. Fix a target (Achievable one) for your retirement based on your age

   2. Invest in 3 or 4 Diversified equity funds thru SIP with good track record.Stricly follow an asset allocation based on your risk apettite (EQuity, and Debt)

   3. Take a term plan. Avoid Money back policies. Insurance is different from investment.

   you need to mention ur current age and retirement age to provide a planning.

   Thanks and regards
   Vignesh.

   Reply

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