Entries for tag "Retirement Planning"

Provident Fund is one of the safest and most tax efficient investment option while you are working. However, once you retire, you get a large amount of money from your Provident Fund and other retirement benefits like Gratuity, Superannuation Voluntary Retirement Fund etc.

Often it becomes a very difficult choice for a retired person to figure out where to invest such a large amount. This article is our attempt to help you understand what are the best possible avenues to invest your provident fund and other retirement proceeds.

Gone are the days when your son was your retirement plan. In today's world one needs to have sufficient funds to live off his retirement years without being dependent in anyone.

In this context saving regularly while you are working is very very important. However, it is equally important to start saving at an early age. Just 5 year delay in savings is likely to increase your monthly saving requirement by a whopping 90%!

It might be a big mistake to rely only on PF as your best retirement plan. Other common mistakes are investing in traditional savings like FD, PPF etc. 

Which are these common mistakes and how to avoid them?

One of the best ways to plan for retirement is to invest in financial products at a very early age.

However, with so many retirement product available it is very difficult to make the right investment choice. Here's a break-down of some of the more popular retirement products  and our recommendations on what could be beneficial for your retirement planning.