“I could have handled my life in a better way”

What is it that you want to think on the day of your retirement?

“I could have handled my life in a better way”

Or

 “Good I handled my life in a better way”.

According to one report more than 45% of working Indians have either not started saving for their retirement or have stopped saving.  Most of us keep running and gets busy with – raising kids, stressful jobs, EMIs, Cars etc. We live in “today” and usually forget future. Most of the people start looking at their investments only when their kids move out of house to start their own life.

Retirement is like your girlfriend. It will be fun only if you have money, else very stressful. After retirement you will have good years left to live and you will require lot of money to live a peaceful life. In today world worry is not about early death, it’s about living more than planned.

Let me share a secret with you – “One day your salary will stop coming”.

If you have still not started, start saving today for your retirement. A per month saving of Rs. 10,000 has the potential to create a corpus of Rs. 1.2 cr in 20 years and Rs.4.4 cr in 30 years at an average return of around 12%. Possible that you don’t have enough time to save for the required corpus but as they say – something is better than nothing. Yesterday was a good day and today a better day to start you investment but tomorrow may be late.

At the risk of repeating myself, investing in Pension funds or retirement plans will neither give you liquidity nor the flexibility in case of emergency. It is always advisable to have portfolio which provides liquidity. The investment has to be a mix of debt and equity . Your risk profile and time available for retirement should decide your asset allocation.

Once you start planning for your retirement it will be easy to replace the work “RETIREMENT with FREEDOM”.

“It doesn’t take ages to retire, it takes money.”