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Retirement Planning Services in India

Retirement Planning Services in India: Secure Your Future with Early Planning

Retirement Planning Services in India:

Retirement planning is a crucial aspect of financial management, especially for middle-class families. It ensures a steady flow of income when you can no longer actively work. With our Retirement Planning Services in India, we help you create a reliable financial plan that aligns with your lifestyle and future needs.

Understanding Lifes Four Phases

Retirement Planning Services in India

Childhood

A phase of dependence on parents for all needs.

Retirement Planning Services in India

Study Life

Another dependent phase focusing on education and skill development.

Retirement Planning Services in India

Work Life

The earning phase where responsibilities toward family and self increase.

Retirement Planning Services in India

Retired Life

A phase where earning capacity diminishes, but expenses remain.

The Retirement Planning Process

The retirement planning process starts during your working years. It involves:

  • Assessing Monthly Expenses: Calculate current household expenses to estimate future needs.
  • Setting a Retirement Fund Goal: Calculate the amount needed to maintain your lifestyle post-retirement.
  • Investing Regularly: Determine a monthly investment amount based on your retirement goal and starting age.
  • Starting Early: Begin as early as possible to reduce the burden of investment.

Proper retirement planning eliminates these worries, ensuring financial independence and peace of mind.

Consequences of Not Planning for Retirement

  • Forced to Work Longer: Without sufficient savings, you may need to continue working even when health or age prevents it.
  • Financial Dependence: You may rely on your children or family for basic needs, creating emotional and financial strain.
  • Compromised Lifestyle: A lack of funds can lead to cutting back on essential expenses and downgrading your standard of living.
  • Exhaustion of Savings: With no steady income, your savings can deplete quickly, leaving you financially insecure.
  • Stress and Anxiety: Financial challenges during retirement can lead to mental and emotional stress, affecting overall well-being.
  • Unmanageable Medical Expenses: Rising healthcare costs might leave you struggling to afford quality care.
  • Missed Life Goals: You may miss out on enjoying hobbies, traveling, or spending time meaningfully due to financial constraints.

Why Starting Early for Retirement Planning is Important

Heres how starting early impacts your required monthly investment:

Starting AgeRetirement FundMonthly InvestmentInvestment Multiplier
252.63Cr75083.5 times
301.97Cr1,40040 times
351.47Cr2,50019.5 times
401.10Cr4,70010 times
4582Lakhs12,1003.75 times
5061Lakhs26,4001.95 times
5546Lakhs62,0001.25 times

From the table, we can see that starting your retirement planning early makes it significantly easier and more achievable. When you begin early, the amount you need to save each month is much smaller, giving your money more time to grow. However, the later you start, the higher your monthly savings need to be, which can become difficult or even impossible for most families.

Plan Your Retirement Today!

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