How to plan for your retirement with these three simple pension plansPosted by Jessy Jose on January 4th, 2018 Just like you need to plan for you family’s wellbeing, your future home, your child’s education and work expansion, you need to plan for your retirement. In India, planning for retirement is limited to the pension plans one receive along with his job offer letter. We don’t really give much thought to the how we’re going to survive financially post retirement, as it is a given that our children will take care of us, like we did with our parents. But as society progresses, children will have their own families to take care of and we as old parents will have to fend for ourselves. Our children are not our insurance policy that will provide for us after retirement. Retirement planning, if done right and at the right time will help you lead a very good life when you finally retire from work. You need to start early if you want to enjoy a comfortable I retirement. Living from pay check to pay check is a risky business, even if your pay check is huge. Mostly because one day it is bound to stop. You may get laid off, or have to change jobs or reach your retirement age. Not all employers pay handsome pensions to their employees. This is why you need to invest in a pension plan from a very early age. Devising a retirement plan is like creating pipeline of income for when you stop working. It is a long process, but one that will ensure a happy retirement. To help you kick start your retirement plan in India, here’s where you need to invest your money.
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