For someone in the age of 20s, retirement seems to be a distant goal. The retirement timebomb is ticking, and you never know how much wealth you will be able to accumulate until your retirement age. As discussed in the podcast, retirement is just a number if you have saved enough so that you can have a happy and peaceful life.
About retirement planning:
- Start early, start small
- Traditional saving accounts fail to beat inflation as compared to investment options like equity or Equity linked Savings Schemes (ELSS) that offer returns at 12% p.a. helping you build a health corpus
- Leverage the magic of compounding
- Use a retirement calculator to know the estimated retirement corpus
- Do not touch the corpus for short-term needs or wants, instead keep growing it
To know more about the fundamentals of retirement planning and savings, click on the link.
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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