HOW SHOULD YOU PLAN FOR RETIREMENT?
Introduction: Early retirement planning is still a relatively new concept in India. People who reside in cities and villages still rely on their offspring after retiring, if we ask them. Some retired public sector workers can rely entirely on their children, while others can bank on their pensions. They don't even consider the possibility of early retirement planning. How to plan for retirement in India? Here is a guide to early retirement preparation in case you are now convinced about the idea but are unsure of how to proceed. Early Start: Time is money holds true for investment goals including retirement planning as well. This is because the amount you need to save amount every month to reach your goal will depend on how much time you have to achieve the goal. It means you can reach your retirement goal with much smaller monthly savings if you begin early. However, the delay will ensure you have to save more every month. Start investing early to reach your retireme