Latest articles on Life Insurance, Non-life Insurance, Mutual Funds, Bonds, Small Saving Schemes and Personal Finance to help you make well-informed money decisions.
A definition of 'retirement' I have read somewhere is that it is a phase when you start contemplating on your past than looking ahead. You reach this age with the expectation that you will relax and live a peaceful life but how many of us do actually get the privilege to live a life of our dreams. Certainly, a lot of us want to have a blissful retired life but sadly, only a few of the many make an attempt to ensure that their retirement phase would be something that they would look forward to than fear the arrival of it. The irony lies in the fact that everyone wants a secured and a comfortable retirement, in fact it forms the central aspect of a dream that everyone hopes to live it some or the other day. But the only thing we fall short of is that we either leave it on fate or end up giving it less time. Fate will not decide your future; the decision lies in your hands. Thinking of packing your responsibilities from work should put a smile on your face because a new life awaits you. So get down to achieving it. All you need to do is set aside a small amount for your nest egg.
'Retire in peace' can become a reality and not just a line on some poster. This is possible only if you could bring yourself to think and spend some time planning it out correctly. For most, retirement would be to laze around reading a novel with no worry to catch a train or a bus. Well it is not different from what most of us think. In fact, it is the time to enjoy with grandchildren and get a break from your working life perhaps forever. Not only men and working women but even homemakers need a break from their work. Many may not relate retirement with homemakers, although they do work like all of us. They too are entitled to do things that other retirees do like spending quality time with spouse, grandchildren or may be just relax. Another reason why women may have to be a little more prepared to meet the grimness of retirement is because they tend to outlive men. Therefore, having a proper retirement planning is vital.
In plain words, planning for retirement is a lot more important than you may realise. The price at which things are available will not be the same when you retire. Your standard of living has probably improved over the years. You first lived in a single bedroom flat; you have now shifted to a double bedroom flat, you will now have to set aside more money to maintain the same level of lifestyle at retirement phase. Are you prepared for that? How will you bridge the gap of the cost of living with no means of income? The questions are complex but the answers are simple. You can make wise investments in insurance polices that specifically targets retirement. Future Plus, Jeevan Akshay III, Jeevan Nidhi and New Jeevan Suraksha I are a few of them. The few important questions you need to ask yourself are:
· How much should I save for retirement?
· How should I go about saving for retirement?
· When should I start planning for retirement?
· When do I want to make use of the investments?
Any query pertaining to insurance can be solved with the help of an agent. You can start off by saving early say when you are reaching your 30's. Because you fall in earning age bracket. And by the time you retire, the long term insurance policies will mature just about at the time of your retirement. When you are younger you can work harder but as you grow old you need to realize you need financial support. It is never too early to plan your retirement. Some people have myths that this sort of planning is not meant for them, it is for the aging group. You need to clear up this wrong notion if you have any. It is a must to secure your future.
So make no further delay to plan out your blissful retirement life. Retire rich and retire in style!!
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