Start your retirement planning today!

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Retirement Insurance Company
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Start your retirement planning today!
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• One such thing for which you have to pay a heavy
  amount for postponing is financial planning.
• We all love to see our wealth growing, but in our
  busy lives, many of us keep giving a second
  thought on our investment strategies or starting
  a specific financial planning for tomorrow.
• One of the most ignored aspect among Indians in
  financial planning is Retirement Insurance
  Company. We save money for buying a house, for
  our childrens education, marriage and get
  drained out in retirement, where as in the West,
  retirement planning is the first priority.
• So if you are one of those who have not thought
  about your retirement, start planning for it
  today. And here goes few tips.

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Draft a Retirement Plan Today Before starting
out on retirement planning, it is imperative that
you make a personalized retirement plan, keeping
in mind your financial obligations, annual
earnings and the kind of lifestyle you live. Many
people often lead very reckless lives spending on
unnecessary gadgets and electronic items etc.
While their expensive lifestyle is manageable
while they are earning, once the retire they find
it increasingly hard to shift to a more
conservative lifestyle. It is therefore
imperative to understand your lifestyle and
earnings and create a perfect retirement plans
for your life. Meet a Professional If you
dont have sound knowledge about various
financial instruments that works best for you,
dont hesitate to meet a relationship manager at
your bank or a financial adviser to chalk out a
retirement plan. Take out some time from your
hectic life and do it today itself.
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Retirement planning appears as a simple task, but
a careful planning essential for having separate
funds for your various goals. A professional
assistance may help. It is essential to
understand the quantum of money that would be
sufficient for your retirement keeping into
account your personal life, expenses, obligations
and goals. Self planning can sometimes lead to
disastrous results and it may sometimes be too
late to bring in any possible changes to the
plan. Chalk out the Inflation Rates If you are
starting with the above two, just sit with your
partner and make an assessment on the possible
inflation rates, by the time you turn 60. Say
suppose, you are a 35 year old person now. You
bought a bath soap for Rs.5/- when you were a
child.
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Now you buy the same thing for Rs.40/- This is a
simple eye opener which would make you think how
much you would have to pay for other essentials
when you turn 60! Just make a plan with it and
you would not delay your retirement planning for
tomorrow. Take a Review of your Savings  Of
course, you must have invested in various
financial instruments like mutual funds,
insurance, FD etc, but are you sure about how
much you have made so far and are they enough? If
you have not reviews your savings, take out
sometime today, sit with your partner and review
your monthly outflow. And analyse whether that
will be sufficient or whether you should make
your savings more effective. A proactive
retirement plan must be renewed and relooked at
every couple of years to make sure the progress
is on track. Source https//www.bajajallianz.co
m/Corp/retirement-plans/retirement-plans.jsp
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Thank You.!