Plan Early for Retirement

You should have a retirement plan in advance, so that when you retire from work, you continue to maintain the same life-style without worrying about expenses and inflation. A retirement plan helps you to pursue your post-retirement dreams and to secure your future.

• Saving early for retirement gives money more time to grow and compound. This ensures availability of a large lump sum on your retirement.
• Make sure you save enough to cover unplanned expenses and emergencies. Ensure that you have adequate insurance policies to cover unforeseen events and medical emergencies to secure your family and loved ones.

• It is desirable to diversify your investments across different asset class so that if one asset class does not perform, you can get returns from other asset class. Put it simply, don't keep all your eggs in one basket.
• Choose your plan keeping in mind your retirement goals and lifestyle.

You may contact a regulated financial advisor to guide you through the retirement planning process who will help you find the best retirement plans for you.

You can use the financial tools: -https://investor.sebi.gov.in/ calculators/ Retirement Investment Tracker.html for retirement planning.